Now THIS is an interesting article...read it in its entirety by clicking this link...
Just a snippet:
"An Alabama man was awarded over $3 million after a federal jury determined a credit reporting agency falsely reported a debt on his credit report.
Last month, a jury in the Northern District of Alabama issued a $3,005,000 verdict for Shaun Younger. Younger had sued Experian Information Solutions, Inc. pursuant to the Fair Credit Reporting Act, after her saw Experian was continuing to report a debt he didn't owe.
After Younger noticed the error, he sent a letter to Experian, along with proof he did not owe the debt, and asked the company to investigate his claim. Experian refused to investigate the dispute, according to a press release from Younger's attorneys, and told Younger they believed his dispute letter was suspicious. ..."
You can bet Experian will appeal that verdict, but good for him I hope he keeps pushing back for all of us
While it's nice to keep them in check, I dont feel he deserves 3 Million from it. It can be easily fixed once they report accurately.
They're called punitive damages, intended to punish the defendant beyond the actual amount of damage caused. Had he only been awarded $5k, Experian would have zero incentive to change their behavior.
The most interesting part there is:
"Experian has a policy if five or more letters look similar, the mail room determines all the letters are suspicious and will not investigate any of the disputes."
That detail seems very relevant for anyone who chooses to blast out rapid-fire disputes, to Experian or to any other organization that may have a similar policy...
(Also sounds like what most elected officials' offices do when they get form-letter floods.)
3 million dollars😃While agree with the verdict that's a little excessive.