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Equifax’s consumer credit reports are inaccurate in violation of the Fair Credit Reporting Act, according to a new class action lawsuit filed in Philadelphia.
Plaintiff Bart Springer states that in 2013, a tax lien for $6,700 was filed against him, and in March 2016, he paid off the lien.
Springer argues that the tax lien should have been removed from his credit report in August 2016, when the paperwork for the lien was filed.
He states that instead, Equifax Information Services LLC left the lien on his credit report until at least February 2017, when he applied for a loan.
Springer claims that Equifax knowingly publishes inaccurate public records about individuals. He alleges that Equifax uses an independent vendor to research consumers, but that the vendor only is required to report tax liens and judgements, and only is required to provide additional information on an individual if that information is “commercially viable.”
The Equifax class action lawsuit argues that the requirement to only pursue more information that is “commercially viable” leads the company to more vigorously investigate negative information about consumers than positive information. Springer says the fact that his tax lien remained on his Equifax credit record is symptomatic of this practice.
He states that “in short, Equifax published public records data that it knew would be inaccurate if a release, satisfaction, dismissal, vacated or appeal had occurred — relying on consumers to clean up their own lies via the dispute process after learning of the inaccuracy, rather than paying to have these dispositions collected with the same vigor that it collected records o the initial entry of judgement.”
Thus, the Equifax class action claims that Equifax’s practice put the responsibility of maintaining accurate records on the consumer, as oppose to the company itself, who should have been responsible for maintaining accurate records in accordance with the FCRA.
Springer claims that the FCRA requires consumer reporting agencies like Equifax to “follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates,” and that Equifax failed to fulfill this requirement.
The Equifax credit report class action lawsuit goes on to claim that Equifax willfully violated the FCRA by publishing inaccurate records. The Equifax inaccurate credit report class action lawsuit argues that “as a result of Equifax’s conduct, [Springer and other consumers] suffered particularized and concrete injuries, including damages to their reputations, reductions to their credit scores, and increased risks that they would be denied credit.”
Springer claims that this practice is consistent across the company, and that thousands of other consumers are similar affected. In addition, the plaintiff claims these consumers have been financially and emotionally injured as a result of Equifax’s alleged failure to maintain accurate records.
Through the Equifax FCRA violation class action lawsuit Springer seeks damages for himself and other affected consumers.
The plaintiff is represented by Shanon J. Carson, E. Michelle Drake and John G. Albanese of Berger & Montague PC and Michael K. Yarnoff of Kehoe Law Firm PC.
The Equifax False Credit Reports Class Action Lawsuit is Bart Springer v. Equifax Information Services LLC, Case No. 180501040, in the Philadelphia Court of Common Pleas.
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1,236 thoughts onEquifax Class Action Lawsuit Says Credit Reports are Inaccurate
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DONNA BURROWS
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I would like to know why if using credit repairs services didn’t notice this happening with the service they charge so dearly to use? I did and I asked and asked how these old accounts keep showing up and not only showing but duplicate agencies for the same amounts with different open dates? I was told that they càn do that in some cases. I disputed the this on my report and was told every report was accurate¡ I’m a victim of the data bleach and how this is going to be battle and how do we fix the errors. Equifax needs to not report anyone credit score until it is fixed. The Class act action needs to address the fix.. Yes, I would like to be included. Thank You
@Ruth Alfred
All you said is on point. Why even bother with credit repair services if all they’re going to do is further ruin your credit with the pitiful excuse that this is what they do in some cases. I’ve Previously worked in a state employees credit union for some time is there’s no way a common practice is to submit duplicate accounts as charged offs, bankruptcy or unpaid debts. I’ve experienced this in efforts to clear three accounts Equifax reported as charge offs yet 2 of them were my current ongoing monthly bills in which I’m still paying and although I’m still paying my monthly bills with these companies, one is AT&T with whom I have current cell service in good standing and the other is with Dominion Energy & Power with whom I have electric service which is in good standing and still receiving electric services monthly and have had these services for over 11 years in good standing yet this hasn’t been resolved yet with the credit bureau. It’s ongoing since 2008 and no resolution. I’m still trying to clear it and it’s utterly ridiculous!
My Equifax credit score is very erratic. Please add my name
It’s truly disheartening to learn of Equifax lackluster approach to providing accurate information on a consumers credit report it hurts the little people like me who debt is cancelled yet these people are allowed to sale and resell accounts with no over sight and Equifax Allows false information to be reported over and over again damaging ones credit such as myself especially someone working extremely hard to fix the damage.
I contacted a credit repair co. And was informed my information INfo is on the dark
My credit is shot and i cant do anything
My identity was stolen and I have spent so much time on this. I have paid thousands and still owe. One plus, they caught a woman pretending to be me and writing checks.
Same here but student loans I’ve not done and I even reported and I’m just hearing of this recently wow. And have no clue of who I need to call cause everything so confusing
My credit and my credit score has been negatively impacted by Equifax’s lack of security and due diligence in verifying the information provided to them by the reporting tapes from creditors.