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Can consumers sue credit reporting companies who maintain incorrect information causing the consumer to be penalized?

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2005-07-23 08:06:57
2005-07-23 08:06:57

Yes, but you first need to follow the statory procedures under the Fair Credit Reporting Act to dispute the inaccurate information. If the reporting agencies fails to remove incorrect information, then you might have a claim for damages. There may also be a law in your state that provides more protection that the federal law.

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