Credit cards can maximize buying power, but can also lead to financial pitfall. The Fair Credit Reporting Act (FCRA) was enacted to promote the accuracy, fairness and privacy of consumer information contained in the files of consumer reporting agencies (CRAs), like Experian, Equifax and TransUnion.
The FCRA and its California counterpart, the Consumer Credit Reporting Agencies Act (CCRAA), regulate the collection, dissemination and use of consumer information with respect to CRAs, users of consumer reports and furnishers of consumer information. These statutes ensure that the information collected by the CRAs is an accurate description of a consumer’s credit history on their credit report. Statutory damages under the FCRA are anywhere between $100 to $1,000 plus actual damages and attorney’s fees and costs.
The attorneys at Bezdik Kassab Law Group have litigated hundreds of FCRA cases. Contact Bezdik Kassab Law Group to determine if you have a viable FCRA claim or defense.