[Edit] 
Answer
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.
First answer by Chslaw. Last edit by Chslaw. Contributor trust: 729 [recommend contributor]. Question popularity: 97 [recommend question]
Answers.com > Wiki Answers > Categories > Law and Legal Issues > Lawsuits > Can consumers sue credit reporting companies who maintain incorrect information causing the consumer to be penalized?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
What are reasons why wise consumers may use credit? Can you sue a credit reporting agency for reporting false information? If a landlord reports false information to the credit bureau and refuses to change it can you sue for malicious libel or is it only for incorrect credit reporting with the? You wonder if consumers are able to sue credit reporting companies who maintain incorrect information causing the consumer to be penalized? Can consumers sue credit reporting companies who maintain incorrect information causing the consumer to get a loan they can't afford?
