In today’s economy, a person’s credit score is a significant asset. When good, they open people up to more opportunities and a better quality of life. But when poor, credit scores can cause people to struggle with various aspects of living. Bad credit can make it difficult, or even impossible, for someone to get approved for loans, rent a home, finance a vehicle, and even get considered for certain promotions at work. While on the other hand, good credit can provide a way of living that is much more comfortable.

Needless to say, credit ratings play a major role in our everyday life, so it is natural to feel protective of yours. And unfortunately, this is a valid concern. Stolen credit cards, identities, and other types of fraudulent crimes are common these days, and can destroy a person’s credit rating. But if this ever happens to you, there may be a way to recover for any damages or losses incurred as a result. Although challenging, it is possible to sue a person for injuring your credit score. Continue reading to learn more about suing for damaged credit scores.

Proving Damage

It is not easy to win a damaged credit claim because there are several facts you must prove. And the most challenging fact to prove is how much the damage cost you. It is tough quantifying the harm done to you as a result of damage to your credit score. It takes a highly-creative and experienced personal injury attorney to figure out a valid way to quantify the damage in a dollar amount, and then prove the remaining factors, including:

➢ The person or entity owed you a duty of care;
➢ They breached that duty of care;
➢ The breach caused harm to your credit rating;
➢ The harm to your credit rating caused you to suffer damages or loss.

For Example…

❝ Vicky warned a large-chain clothing store that she was not applying for a line of credit after discovering that a thief was attempting to do so using her identity. The store ignored her warnings and continued to allow the thief to inquire about a line of credit using Vicky’s identity. While this was happening, Vicky was applying for a loan to buy a new house. But her credit rating was plummeting due to the activity caused by the thief. Since the store did not do anything to prevent the thief from damaging her credit after repeated warnings, she sues the chain store for negligence. She might have a good shot at winning since she was applying for a mortgage loan at the same time.❞

It is important to discuss your credit damage with an experienced personal injury lawyer. They have the proper knowledge of the law to determine whether or not you were owed a duty of care and if that duty was breached. If so, they have the experience and skills to prove that breach caused you harm.

Indianapolis Accident Attorneys

Call Craven, Hoover, and Blazek P.C. at 317-881-2700 to speak with an Indianapolis accident attorney about your personal injury claim in Indiana. Daniel Craven, Ralph Hoover, and Keith Blazek, are seasoned injury attorneys that will recover the full and fair compensation you deserve. We offer free initial consultations and never collect lawyer fees unless we win your settlement. Call 317-881-2700 to schedule a consultation with a licensed personal injury lawyer in Indianapolis, IN today.