Class Action Lawsuit Against a Credit Repair Company
The settlement and credit repair industry has been greatly affected by the actions of a certain group of illegal business men called “Pioneer Credit Recovery” or more popularly known as “PCRs”. They caused extreme damage to the credit reports of many innocent American citizens over a five-year period.
As a result, many people were left without any credit cards, loans, mortgages or other types of monetary assistance that might have helped them during this period of financial hardship. If you have fallen victim of such crime, you may be entitled to file a Class Action Lawsuit against the perpetrator of this fraud.
There are many legal firms that are willing to provide free credit repair services.
However, there is one drawback with such services. Such firms and professionals can only help you in getting back your credit rating if you also pay for their services. If you wish to learn about the legal rights available to you and how to file a Class Action Lawsuit against these unscrupulous credit repair professionals, please read on.
You can get a free copy of your credit report from any of the three major credit reporting agencies.
You should also keep a list of all credit reports that you receive in a year, so that you can check them for accuracy. If you do not get a full copy of your credit report within the given time frame, you should ask for the same, either by phone or online. Also, you should ensure that you contact the bureau immediately if there is any error in your credit report. You should keep all the letters and notifications related to your credit reports in secure files at home or at work.
You should contact the companies who provided the original documents to the bureaus mentioned above.
You should request them to provide you with the necessary documents to start the lawsuit. In most cases, service providers do not have the time to do this kind of action for you. Hence, you should make use of the World Wide Web to get in touch with such companies and file the lawsuit. You should not approach the repair service providers directly, but instead use an attorney or an experienced expert to help you.
Once you have filed the lawsuit against the credit repair company, you should ensure that you do not contact them until the case has been heard and determined.
In fact, it would be preferable if you did not do contact them at all. Once the court declares the lawsuit as successful, you will get your money plus a percentage of what the company owes you. The percentage is usually above 20% and you can ask the credit repair company to return the funds to you.
If the service provider refuses to return the funds, you should file a claim of breach of contract along with the lawsuit.
You should keep in mind that once the case gets filed and found valid by the court, you might have to pay the settlement amount to the service provider through legal settlement procedures. Thus, it is advisable that you take legal actions as soon as you come to know about the cheating.
The settlement company may refuse to return the money if you do not have enough proof to support your claims. Hence, you should be prepared to face such situations while dealing with these repair service providers and choose a class action lawsuit if need be.