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Top FCRA Violations for Which We Sue Banks and
Credit Reporting Agencies
Credit Report shows balance due on settled or paid account. A paid or settle account should report a zero balance.
(Documentation: Settlement letter, payment confirmation, bank statements showing payments, etc.)
Report shows a balance after the Creditor discharged the debt with a 1099-C. When a creditor issues a 1099-C they have discharged a debt you owe them and it should report on your credit report as a zero balance.
(Documentation: 1099-C)
Duplicate accounts on the credit report. Accounts can only appear on your credit report on time.
(Documentation: Credit Report)
Debt Buyer and Original Creditor both reporting a balance due. The debt buyer can begin reporting a balance, but the original creditor must stop. They can't both report the debt as due at the same time.
(Documentation: Credit Report)
Unknown account on your Report. If you have an account on your credit report that you don't recognize it could be identity theft or someone else's account.
(Documentation: For ID Theft - FTC ID Theft Affidavit, Police Report, etc.)
Short sale listed as Foreclosure. After a short sale, the mortgage account should report as a short sale and not as a foreclosure.
(Documentation: Foreclosure and short sale documents.)
Debt discharged in bankruptcy reporting a balance due. After bankruptcy discharged accounts should have a zero balance.
(Documentation: Your bankruptcy discharge)
Account too old to report. Negative accounts must be removed after 7 years.
(Documentation: Credit Report)
Your information is mixed with someone else's information on your report. Happens with Jr./Sr./III or with common last names. Only your information should be on your credit report.
(Documentation: Credit Report)
Authorized user's Report shows all user activity, not just authorized user's. Only your activity should report on your credit report.
(Documentation: The credit reports and possible card statements showing you as the authorized user