Well deserved- the punitive verdict is necessary to act as a deterrent- Federal Law Mandated corrective action which obviously was ignored as our DOJ contuse to ignore supply side inequities. Credit report accuracies are more and more necessary given the weight placed on them to be able to do anything. The jury deserves a medal!
Typically I don’t agree with judgements that appear excessive. But these credit agencies hold all the cards with the respect to the data and they are miserable to deal with something needs to be fixed. Their inability or lack of desire to make corrections can result in a long painful process for some people. If it takes a judgement of this size to wake them up, then I’ll all for it.
The punitive damages are definitely excessive. Put a cap on it or give the punitive damages to charities that actually benefit those who cannot do for themselves.
Gees, it took us several years to get our credit corrected. They had other family members attached to ours and it prevented us from refinancing. We never thought about sueing… We have become a sue happy society and all of us are paying for it in one way or another.
Having a big enough mistake on your credit can prevent you from buying a house, car, getting a cellphone, even getting a job or renting an apartment. I can think of no better reason to sue someone. You should get your head examined.
$18 million sounds like a great deal to most. But to some large corporations it is worth it to pay rather than spend more money, time, and effort to “change their system” of doing things in the correct way. If that is the case and they continue to be non- responsive, then these corporations can pay the piper as far as I am concern. The credit reporting agencies have extreme clout and power. They are making a fortune selling this data. Their reports affect employement, insurance, credit, home and automobile purchasing ability and decision; even tenancy in an appartment. If we as a society are going to rely on this data to this extent, then the information must be accurate and correct, or easy to get it fixed. That is not the current situation. The “wronged consumer” currently has little ability to battle, never mind understand these large firms and navigate their complicated systems.
punitive x100? $18Mil in punitive for 1 person? wow this is unbelievable.
You should revisit the concept of punitive damages. It appears you have the cart before the horse.
Well deserved- the punitive verdict is necessary to act as a deterrent- Federal Law Mandated corrective action which obviously was ignored as our DOJ contuse to ignore supply side inequities. Credit report accuracies are more and more necessary given the weight placed on them to be able to do anything. The jury deserves a medal!
Typically I don’t agree with judgements that appear excessive. But these credit agencies hold all the cards with the respect to the data and they are miserable to deal with something needs to be fixed. Their inability or lack of desire to make corrections can result in a long painful process for some people. If it takes a judgement of this size to wake them up, then I’ll all for it.
The punitive damages are definitely excessive. Put a cap on it or give the punitive damages to charities that actually benefit those who cannot do for themselves.
She may have to send this to collections to get any money of them.
Gees, it took us several years to get our credit corrected. They had other family members attached to ours and it prevented us from refinancing. We never thought about sueing… We have become a sue happy society and all of us are paying for it in one way or another.
Having a big enough mistake on your credit can prevent you from buying a house, car, getting a cellphone, even getting a job or renting an apartment. I can think of no better reason to sue someone. You should get your head examined.
$18 million sounds like a great deal to most. But to some large corporations it is worth it to pay rather than spend more money, time, and effort to “change their system” of doing things in the correct way. If that is the case and they continue to be non- responsive, then these corporations can pay the piper as far as I am concern. The credit reporting agencies have extreme clout and power. They are making a fortune selling this data. Their reports affect employement, insurance, credit, home and automobile purchasing ability and decision; even tenancy in an appartment. If we as a society are going to rely on this data to this extent, then the information must be accurate and correct, or easy to get it fixed. That is not the current situation. The “wronged consumer” currently has little ability to battle, never mind understand these large firms and navigate their complicated systems.