If one CA has 7 different accounts listed on all three CRA (total 21 tradelines) and they verified all unvalidated accounts and never placed as in-dispute is it: a) 42 violations (I know this is wrong) b) 2 violations (doesnt matter how many tradelines) c) 14 violations (2 violations per each account)
Looks like 42 to me -- 2 violations per account per bureau is 2 x 7 x 3. Woohoo -- you are rich, I tell you, rich!
It's probably alot of violations, but you're only going to be able to collect a max of $1000 for each transactioin + actual damages + attorneys fees (if any). A transaction is defined here by case law as one account. And you must prove actual damages per account to make it stick. The FCRA is $1000 per violation even if it's the same transaction, but the FDCPA only allows $1000 max per transaction. Also, the FCRA allows punitive damages (pain and suffering). That's why lots of the big cases used the FCRA as the basis of their lawsuit. (You can get more money).
So then if I understand correctly I could sue for $42000? That just doesnt seem correct to me..surely they wouldnt be that stupid?
