In general, what are the most common types of credit damage cases?
There are three main types of credit damage cases: 1. “False or Inaccurate Derogatory” cases: where a creditor (a lender, a bank, a finance company or a retail store) makes a false or inaccurate credit report to the major credit bureaus, which then shows up on your credit report. (A “derogatory” or a “derogatory mark” is a negative credit report made to a credit bureau. One court defined “serious derogatory information” as follows: “‘Serious Derogatory Information” means information indicating a bankruptcy adjustment plan, bankruptcy liquidation reorganization, charge off, collection account, charge off now paying, deed in lieu, foreclosed, foreclosure proceedings, government claim, insurance claim, paid by dealer, paid charge off, paid collection account, paid foreclosure, paid repossession, repossession, or Subscriber cannot locate.” FTC v. TRW, Inc., 784 F. Supp. 361, 362 [ND Tex. 1991] ) The three major credit bureaus are Transunion, Equifax and Experian. There are other smaller cr
