Repairing the Damages Caused by Identity Theft

Victims of identity theft also have the right to ask that information resulting from identity theft be removed and blocked from their credit report files. The FCRA also obligates credit reporting agencies and furnishers of information to investigate and remove inaccurate data including data resulting from an identity theft. Despite the rights guaranteed under the FCRA, however, legitimate investigations and the resulting corrections to the victim’s credit report have been difficult in the absence of attorney assistance. Testimony from several identity theft trials has shown that these investigations were often limited to two minutes each and consisted of nothing more than checking the agency’s information against the furnisher’s report. According to the “Aftermath” report, 70 percent of victims have difficulty removing information that resulted from identity theft transactions. The credit reporting agencies have demonstrated that they will do as little as possible unless forced to act further—often only after... Read More... Repairing the Damages Caused by Identity Theft