Misreported account statuses or incorrect balances can severely affect credit scores.

If a credit reporting agency fails to adequately investigate a dispute, consumers may be entitled to damages.

Reinserting incorrect information without notifying the consumer can lead to compensation.

Not informing consumers of adverse actions based on their credit reports can lead to compensatory damages.

Hard inquiries without consumer consent that affect the credit score can lead to statutory damages.

Incorrect data reporting by furnishers can lead to claims for actual and statutory damages.

Unauthorized disclosure of credit reports can result in statutory and punitive damages.

CRAs must have procedures to handle identity theft or mixed files, with poor handling leading to substantial damages.

Unauthorized sale or sharing of personal credit information can lead to legal action and compensation.

Reporting negative information beyond the seven-year limit can lead to disputes and compensation.