Class Actions Lawsuits
Consumer Fraud

Credit Reporting Lawsuit Against Synchrony Bank, Experian, Equifax, and TransUnion

Credit Reporting Lawsuit Against Synchrony Bank, Experian, Equifax, and TransUnion — Consumer Fraud class action lawsuit

Case Overview

The lawsuit was initiated by Hugo Saavedra against Synchrony Bank, Experian Information Solutions Inc., Equifax Information Services LLC, and TransUnion LLC. Saavedra claims that even after the Internal Revenue Service (IRS) formally canceled a debt and Synchrony Bank reported this cancellation, the bank continued to report the account as an outstanding, derogatory charged-off balance on his credit reports.

Saavedra alleges that after the debt was canceled under IRS Form 1099-C, all collection activity ceased, yet Synchrony Bank allegedly verified the false information to the three credit reporting agencies. The claims assert that the defendants violated the Fair Credit Reporting Act (FCRA), with additional allegations under California's Rosenthal Fair Debt Collection Practices Act and the California Consumer Credit Reporting Agencies Act.

The lawsuit is currently filed in the United States District Court for the Central District of California. Saavedra seeks actual, statutory, and punitive damages from all defendants. Affected individuals who have experienced inaccurate credit reporting by Synchrony Bank or a major credit bureau may seek to participate in the investigation.

Who May Qualify

Individuals who have experienced inaccurate credit reporting by Synchrony Bank or a major credit bureau.

Frequently Asked Questions

What is the core allegation in this credit reporting lawsuit?

The lawsuit alleges that Synchrony Bank continued to report a debt as due and owing on a consumer's credit reports even after the debt was formally canceled by the Internal Revenue Service (IRS).

Which laws are allegedly violated by the defendants?

The complaints detail alleged violations of the Fair Credit Reporting Act (FCRA) by the credit bureaus, and additional claims under California's Rosenthal Fair Debt Collection Practices Act and the California Consumer Credit Reporting Agencies Act.

What can affected people do regarding this lawsuit?

Individuals who have experienced inaccurate credit reporting by Synchrony Bank or a major credit bureau may qualify to participate in a debt collection lawsuit investigation.

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