March 18, 2004

Chase and CRAs sued for incorrectly listing consumer as dead

Businessman sues after firms mistakenly list him as deceased

"HOUSTON - A businessman whose Social Security number was confused with his deceased mother's says a bank's mistake has cost him more than $250,000."

David Jokinen says that J.P. Morgan Chase Bank told credit bureaus Equifax, Trans Union and Experian Information Solutions that he was deceased. Two of the financial data companies stopped assigning Jokinen a credit score because they had him listed as dead.

Jokinen, without a credit score, could not refinance the mortgage on his Sugar Land home or qualify for a 0.9 percent loan to buy a used luxury car.

..."

Why does Jokinen have a lawyer?

Because he is a wealthy business man.

It's highly unlikely the suit would have been filed if he was just a working stiff.

I also find it interesting that the CRAs apparently ARE able to stop the scoring of a report. When I asked the CRAs not to score my reports anymore, they didn't respond.

Posted by Christine at March 18, 2004 10:01 AM
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