Federal Jury In Oregon Awards Plaintiff $18.6 Million Judgment Against Equifax

According to ABC News, Julie Miller of Marion Oregon obtained a judgment against Equifax for $18.6 million.  Miller brought the lawsuit under the Fair Credit Reporting Act.  Miller apparently filed several disputes (eight)  for negative reports on her credit report.  The derogatory reports were the result of a mix of her information with that of another individual’s.    A Federal Trade Commission study earlier this year revealed that 1,001 out of 2,968 people who participated, had errors in their credit reports.  Five percent of these errors typically result in the denial of credit.

When was the last time you checked your credit?  Every person is entitled to one free credit report a year.  You should check your credit and dispute any questionable reporting.  If the reporting bureau refuses to remove improperly reported information, the bureau may be in violation of the Fair Credit Reporting Act.