What is Credit Damage and What Can You Do About It? | Mandelman Matters

``Georg explains that since the mid-1990s, there has been "growing recognition that credit damage may be sought in more than 14 distinct causes of action," and that although the most frequent targets to-date have been the credit reporting bureaus and collection agencies, increasingly lenders who misreport payment histories or wrongfully foreclose, have also been defendants in such suits... If you're involved in litigation or considering initiating a lawsuit against your bank or mortgage servicer, I think it's almost mandatory that you consider how to objectively measure damage to your credit reputation because if done properly it can increase the damages you receive as part of a settlement or jury award.''