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Alabama man awarded multi-million verdict against credit reporting agency

Regular Contributor

Alabama man awarded multi-million verdict against credit reporting agency

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. ..."

Message 1 of 5
4 REPLIES
Senior Contributor

Re: Alabama man awarded multi-million verdict against credit reporting agency

You can bet Experian will appeal that verdict, but good for him I hope he keeps pushing back for all of us Smiley Surprised

Message 2 of 5
Established Contributor

Re: Alabama man awarded multi-million verdict against credit reporting agency

Good read.

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Message 3 of 5
Frequent Contributor

Re: Alabama man awarded multi-million verdict against credit reporting agency

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.

Message 4 of 5
Regular Contributor

Re: Alabama man awarded multi-million verdict against credit reporting agency

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.  

Message 5 of 5