We live in a litigious society quick to seek justice in the courts, so I often get this question: "Can I sue?" If your bad credit is a result of your poor spending and payment habits, suck it up. You can't sue because the credit bureaus tell the truth about you. Instead, follow the tips in my book and you can fix the score yourself in a few months. There are some Ninja tricks will teach you that are even faster.
You can't get legal relief either, just because you disagree with their reporting procedures and the formula used to arrive at your score. Though, on rare occasion, reporting procedures may result in liability if they deceptively decrease your score.
But, if your complaint is that they have errored by reporting inaccurate information about you, that might get you a profitable trip around the courthouse.
But, if your complaint is that they have errored by reporting inaccurate information about you, that might get you a profitable trip around the courthouse.
First, you are going to have to prove either someone was seriously negligent or even willful in their reporting practices. How, you ask? Back to credit repair basics.
- Get a copy of your report and identify the errors that pull your score down.
- Follow the step-by-step credit repair process outlined in my book, which will give them a chance to fix the errors.
- If you use My 750 Plus software it is an easy process and your score should icrease dramatically.
- If they fail to make corrections file the FTC and Attorney General complaints.
After taking these steps, if your credit score is so low because of the errors in reporting that getting affordable credit is an impossibility, you have the makings of a lawsuit under the Fair Credit Reporting Act. You can recover statutory damages together with your losses because of their errors.
You can do this. I'll take you by the hand and we'll go step-by-step through the process in my book and software. But, if you still aren't up to doing your own credit repair here is a law firm that I trust. They will do it for you at a very affordable cost. Either way, you will save thousands of dollars in credit costs once you have the credit score you deserve.
Hopefully, the problem will correct itself during the credit repair stage. Litigation is long and expensive and should be considered only as a last resort. Nevertheless, if you have no other choice you can make them pay for their mistakes. - Paul
