Jury awards Oregon woman $18.6 million over mistakes on her credit report

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  • Updated: July 27, 2013 - 3:30 PM

PORTLAND, Ore. — A federal jury in Oregon awarded $18.6 million to a woman who spent two years unsuccessfully trying to get Equifax Information Services to fix major mistakes on her credit report.

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hobie2Jul. 27, 1311:15 PM

Lazy users - they don't look at the half dozen forms in a credit report themselves and decide, just buy a report to protect their liability and use it as is. And mistakes on reports of good people get their rates raised, not lowered, with less risk - so what incentive is there for the user? Other than lawsuits like this one...I hope it stands... And companies like Equifax buy much of their information from other companies - separate corporations that they own, btw - they don't get it themselves, so a correction with that outfit is often almost impossible.

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gemie1Jul. 28, 1310:30 AM

Finally, they are held accountable for their laziness that effects many people in a negative way. Hopefully, this is wake up call to Equifax.

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davehougJul. 28, 13 7:10 PM

awarded $18.4 million in punitive damages and $180,000 in compensatory damages - - - 100 times the actual damages as punishment seems strange. Lawyers: please tell if this is normal or 'unusual punishment'.

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honeybooJul. 28, 13 8:51 PM

You can bet that Congress will act swiftly to pass laws that shield credit reporting agencies from civil liability. It's easy to see why so many Americans hate their government.

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