The trial court acknowledged Synchrony’s claims shared facts in common; however, because the plaintiff’s claims were made under federal law, the FCRA, and the FCRA does not “expressly or impliedly provide a right to indemnity,” the court denied Synchrony’s motion for leave to file the third party complaint. Accordingly, “[f]rom a policy standpoint, therefore, it is difficult to conjure up support for a rule which would allow a furnisher to bring an indemnification action.”
CREDIT REPORT DISPUTE LAWYER - Under the Fair Credit Reporting Act (FCRA), there is no private cause of action under 15 U.S.C. § 1681s-2(a). In other words, consumers cannot successfully sue furnishers for reporting false information under the FCRA.
Do you have credit report errors? Have you disputed the false information to the credit bureaus? Now What?
A South Carolina man, Mike St. Peter, has fought Equifax for years to correct his credit report. The problem started when Mr. St. Peter discovered a mortgage balance on his Equifax report that never changed – despite making his mortgage payments. He signed up for a credit monitoring program and saw his mortgage balance staying [...]
2011 is here! Consumers often tell me about their new year's resolutions and ask how me how they can improve their financial stability in light of their credit score. The following are some great tips for consumers who are trying to increase their financial stability: Review your credit report. Your financial future depends on the [...]
The Federal Trade Commission (FTC) estimates over 8 million Americans become victims of identity theft each year. Billions of dollars are spent by every year by consumers and others in losses as a result of identity theft. The identity theft problem has significantly increased over the last decade, with complaints about identity theft rising by more than 578% [...]