Thousands of Americans fight a losing battle against the Credit Bureaus every single day. Even the ones who have the time, energy and money to fight the Bureaus in a legal battle. That was not the case for one lucky woman in Oregon, Julie Miller, who recently received judgment from a Federal Jury that she is entitled to a total of $18,580,000 in damages because of the actions of Equifax, one of the three major credit bureaus.
I can’t tell you how tickled I was to hear this News! I have been helping consumers fight the Credit Bureaus for years and it’s always a tough battle. In this case, she did everything right, documented it well, and had an extenuating circumstance that pushed the court to rule wildly in her favor. I’ll be the first to tell you this is far too much money, even for the pain and suffering she experienced over the course of two years getting beat up by Equifax and their systemized dismissal of her legitimate complaints. However, I couldn’t be tickled more than I am right now… We’ve needed a ruling like this to put the Credit Bureaus on notice. The days of getting wrist-slaps and thrown-out cases are over! Or so we hope.
Read the full story here: Oregon Woman Sues Equifax and Wins $18 Million
Other highlights from today’s Mr Credit Radio show below…
Listen to the podcast here:
– Foreclosures in San Diego County hit a 6 year low… Does that mean good or bad things for the real estate market? Read the full story here: Foreclosures slowing in San Diego.
– Interest rates are up 1% in the past 6 weeks, so can anyone still save money by refinancing? Our San Diego Mortgage Expert Jon Jerotz shows us how people can still save money in today’s market. He also explains what to do if you think rates will go lower to make sure you’re able to take advantage. Call Jon directly with questions at 760.522.2298
– Investors are leaving the housing market rapidly as we saw the least amount of investor purchase activity in the history of the index tracked by the National Association of Realtors (2008). Is that going to bode well for Homebuyers? Yes. But what about home values? Read the full story here: Investors getting out of Housing Market rapidly.
– Elizabeth Story, San Diego real estate agent with Allison James, tells us how she walks people through all options before going down the Short Sale path. However, the free ride on that train is going away at the end of the year, so is there still time to take advantage of all the Government gifts? You can find out more at www.StoryRealtors.com or by calling her at 619.742.3979.