2 ms·
It's complicated. The Fair Credit Reporting Act gives agencies very broad latitude to blame mistakes on the parties that furnished the information, and the res
by lisper 4y ago
It's complicated. The Fair Credit Reporting Act gives agencies very broad latitude to blame mistakes on the parties that furnished the information, and the resulting legal situation is a mess [1]. As a practical matter, you can bring such a suit, but your odds of prevailing on the merits are indistinguishable from zero.
[1] https://www.courthousenews.com/high-court-wont-review-immunity-under-credit-reporting-law/ https://www.courthousenews.com/high-court-wont-review-immuni...
- refurb 4y agoUnderstood. But just like suing a large firm, when sending a $1000/hr corporate lawyer to small claims court, it makes more sense to just settle quickly.
- lisper 4y agoLawyers are not usually allowed in small claims court. But I'm pretty sure that all of the credit reporting agencies have a trained staff of non-lawyers who are nonetheless sufficiently well versed in this particular aspect of the law to destroy any prospective plaintiff.
- tssva 4y agoSmall claims courts are not intended to force defendants to give up their right to be represented by legal counsel; therefore, once served defendants usually can file to automatically have the case moved out of small claims where they can be represented by legal counsel.
- londons_explore 4y agoThey're also a good way to 'bluff' by moving the case to an expensive court with lengthy and expensive processes, that you know the court costs will massively outweigh any potential judgement. In that case, as claimant, it's usually in your best interests to give up when you're risking millions of dollars of legal fees to probably win $200.