Suing Fair Isaac
A CreditFactors subscriber has been asking about disputing the information on the myFICO reports with Fair Isaac, suing Fair Isaac and causes of action. Since often readers ask about litigation regarding Fair Isaac, I thought I’d share my posting:
Give me $100,000 and I’ll sue Fair Isaac and CRAs for all kinds of violations. About $90,000 will go to depositions of Fair Isaac and the CRAs and the rest goes to pay for legal research, filing fees etc. and I’ll pay myself $5/hr for my work on it.
If you want to argue that they produce their own reports, sure, give it a try. But don’t waste your time if you don’t have the money. There is a reason why I’m giving up ...
“"They" is in reference to myFico.”
There is no law preventing you from disputing with them. But I really can’t afford to spend 20 hours on researching the basic issue right now, there’s been quite a bit of litigation and then the changes with the FACT Act. But if anyone is willing to pay for it, I’ll do it. $5/hr + research fees and I’ll post it all for the enjoyment of all who want to read it.
If you’re really into these issues, get a PACER account and subscribe to fastcase.com (24 hours free) and be prepared to spend a few thousand hours reading. Try it and you’ll see what you get out of it.
So that’s my recommendation to all of you who think that there’s a problem with credit reporting and scoring. Plan on spending many thousands of hours on research and filings and at minimum $100,000 on litigation.
As you can see by the whopping $300 in donations I received in May, it won’t be me doing the litigating.
Posted by Christine on 06/01/2008 at 01:01 PM
2003 Suit (appealed, Experian filed credit reports on PACER) • Fair Isaac - credit scoring fraudware • 4/07 myFICO missing DLA • Bizarre FICO scores • FICO 08 -- Authorized Users • 2/07 screwed up myFICO reports • FICO scores rate FICTITIOUS late payments • FICO scores rate UNDATED late payments • Incomplete myFICO reports • (0) Comments • Permalink
