Do I have any recourse of action if a lender violates the Fair Credit Reporting Act?

Yes, you do have recourse of action if a lender violates the Fair Credit Reporting Act in Texas. Under the Fair Credit Reporting Act (FCRA) it is illegal for lenders to fail to provide you with accurate information on your credit report. This includes inaccurate or incomplete information, incorrect negative information or incorrect personal information. If a lender has violated the Fair Credit Reporting Act, you may be entitled to damages and attorneys’ fees. In addition, the lender must take corrective action to fix the inaccurate information. If you believe that you are a victim of a lender violating the Fair Credit Reporting Act, you can file a complaint with the Federal Trade Commission (FTC). The FTC will investigate your complaint and decide whether or not it is in violation of the law. If the FTC finds that the lender is in violation, then the lender will be required to take corrective action to fix any inaccurate information. The FTC can also impose fines and penalties on the lender for violating the law. If you have any more questions regarding your rights or what recourse of action you may have against a lender who violated the Fair Credit Reporting Act, then you should contact a lawyer specializing in consumer protection or consumer finance. A lawyer can give you the best advice on how to go about filing a complaint and the best course of action to take.

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Do I have any recourse of action if a lender violates the Fair Credit Reporting Act?

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