You are shopping for a new car. You find the perfect vehicle and are now applying for a loan from your local bank. Unfortunately, the bank rejects your application. You are surprised, because you have always paid your bills on time. You decide to examine your credit report. You discover that the credit agency is wrongly reporting that you are delinquent on a credit card bill. You have asked the agency to remove the inaccurate entry, but it has failed to do so. What liability does the credit agency face for its incorrect reporting

Question

09-12-2021
Business

contestada

You are shopping for a new car. You find the perfect vehicle and are now applying for a loan from your local bank. Unfortunately, the bank rejects your application. You are surprised, because you have always paid your bills on time. You decide to examine your credit report. You discover that the credit agency is wrongly reporting that you are delinquent on a credit card bill. You have asked the agency to remove the inaccurate entry, but it has failed to do so. What liability does the credit agency face for its incorrect reporting

Respuesta :

Otras preguntas

In addition to debt from war, Britain was losing money in the colonies because ________________ . a. a European recession drove down sales of American products

history of Bhimsen Thapa

Mention the stages of conflict management.

Decide whether each proposed multiplication or division of measurements is possible. If it is possible, write the result in the last column of the table.

808, 408, 208,108, 68 find out wrong number.

What is the correct chemical name for the following structures pictured below?

Pls need help 100 points and crown if right!!! Marlene only has enough ingredients to make a 1/3 batch of cookies. For the smaller batch, she only needs 3/4 c

3 This question has two parts. First, answer Part A. Then, answer Part B. Part A Reread this sentence from the passage. We worked hard to make our farm profitab

The function f(x) is shown in the graph. Graph that is increasing from negative infinity and is asymptotic to the x- axis in quadrant 3. The graph passes throug

Question 5(Multiple Choice Worth 2 points) (04.01 MC) Read the following passage about fireworks. Then, answer the question that follows. Fireworks are beaut

anthougo anthougo · Answer 1 · 2021-12-21T18:41:49+01:00

The liability faced by the credit agency for its incorrect reporting of your credit history is C. Your actual damages, plus an additional amount not to exceed $1,000, plus attorney’s fees.

Under the Fair Credit Reporting Act, your damages are not $5,000 only. It is also not actual damages plus or $3,000 plus the attorney's fees.

Thus, you can sue for actual damages, an additional amount not exceeding $1,000, plus your attorney's fees.

Answer Options:

A. $5,0000 only.

B. Your actual damages, plus an additional amount not to exceed $5,000.

C. Your actual damages, plus an additional amount not to exceed $1,000, plus attorney’s fees.

D. $3,000, plus attorney’s fees.

Learn more about suing for damages under the Fair Credit Reporting Act here: https://brainly.com/question/13859282