CLE MicroSeminar: Credit Damage Part II

Credit damage is a form of special damage and can form a significant portion of a damage demand. When negative credit remarks are negligently added to your client's credit report, your client suffers financial harm. This damage to their credit reputation can be measured and they can be compensated for their financial injury. Credit damage has basis in state statute and common law, as well as federal law under the Fair Credit Reporting Act (FCRA). The FCRA places certain duties on CRAs (Credit Reporting Agencies) and credit information furnishers, and when these duties are breached and your clients may seek actual, statutory, or punitive damages under federal law.

Тэги:

#Credit_Damage #Statute #Common_Law #Special_Damages #Credit_Report #CRA_(Credit_Reporting_Agency) #Credit_Information_Furnisher #Financial_Injury #FICO #Punitive_Damages

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