
Sterling Jewelers Fake Credit Cards
You may have claims if Sterling Jewelers (Kay Jewelers or Jared Galeria) enrolled you for a credit card or credit product without consent.
The Fair Credit Reporting Act (FCRA) is a federal law that regulates the credit reporting industry. It allows you to dispute credit report errors and limits how your credit reports can be used. Companies that violate the FCRA are liable for damages, attorneys’ fees, and costs.
The FCRA does not require 100% accuracy. Instead, it requires credit reporting agencies (CRAs) to follow reasonable procedures to ensure maximum possible accuracy. So, if a CRA reports inaccurate information, but it has reasonable procedures in place (and actually followed them), then it’s not liable for reporting inaccurate information.
The FCRA requires CRAs and information providers (like banks and lenders) to conduct reasonable investigations if you dispute a credit report error. So, technically, the FCRA doesn’t necessarily require that errors be fixed. Instead, it merely requires that a reasonable reinvestigation be conducted, and that any errors discovered be corrected or removed. The obligation to conduct a reasonable investigation arises only if you dispute a credit report error directly with a CRA.
For more information on the dispute process, visit fixcreditreporterrors.com (our sponsored website), and read our posts on disputing credit report errors, fixing mixed credit files, removing old information, or correcting identity theft errors.
The FCRA sets forth various “permissible purposes” for which companies can use credit reports. Some of these purposes include evaluating credit applications, or evaluating job applications, so long as you give proper consent. To learn more about how your credit report can be used, visit our fixcreditreporterrors.com website and read our post on improper use of credit reports.
For most types of credit reporting agencies, consumer reporting agencies, and speciality or supplement credit/consumer reporting agencies, you are entitled to a free credit report once per year. There also are various other instances in which the FCRA mandates that you get a free copy of your credit report. To learn more, visit our sponsored website, fixcreditreporterrors.com, and read our post on how to get a free copy of your credit report.
The FCRA requires most adverse information over 7 years old to be removed from your credit report. That means CRAs must stop reporting this information on your credit report. Charge-off debts, repossessions, bankruptcies, criminal arrests and convictions, civil judgments, student loans, and some other types of information may be reportable for longer time periods.
When companies violate the FCRA, they’re liable for damages, attorneys’ fees and costs. Consumers can recover statutory damages up to $1000, any monetary loss, punitive damages, and damages for any stress or anxiety caused by a FCRA violation. To learn more, visit our credit report problems page.
If you’re having credit report problems, please contact us for help. To get a free case review from our credit report attorney, complete our contact form.
You may have claims if Sterling Jewelers (Kay Jewelers or Jared Galeria) enrolled you for a credit card or credit product without consent.
If you’re getting sued on a debt that’s over four years old you likely can win the case and get damages.
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