Different Compensation To Expect With Mistake

When a credit bureau, background check company, or debt collector makes a mistake that impacts your life, it’s not just an inconvenience, it’s a real harm that deserves real compensation. You may have faced denied loans, higher interest rates, missed job opportunities, or simply the immense stress of trying to clear your name. 

The good news is that powerful credit resolution laws, like the Fair Credit Reporting Act (FCRA), don't just grant you the right to fix these errors; they also provide a path to recover damages for the losses and distress you’ve experienced. 

At Mistake, we fight to secure every form of compensation you’re entitled to, ensuring that the companies responsible are held fully accountable.

Understanding what you can recover is the first step toward justice. The law recognizes that a credit or background check error can cause financial and emotional stress. Our role is to meticulously document these impacts and build a compelling case that reflects the true cost of the error on your life.

Here’s what successful compensation can include:

• Actual Damages: This covers the tangible, out-of-pocket financial losses you incurred as a direct result of the error. For example:
  
  • The higher interest paid on a loan or credit card due to an unfairly lowered credit score.
  • Lost wages or employment benefits from a job offer rescinded because of an incorrect background check.
  • Costs associated with fixing the mistake itself, such as postage, notary fees, or even missed work.
  • Security deposits you lost out on due to a denied apartment application.
• Statutory Damages: 
  
  • In some cases, particularly for debt collection harassment, the law provides for set monetary awards per violation, even if you cannot prove a specific financial loss. This is the law’s way of punishing companies for breaking the rules, regardless of the immediate measurable impact.
• Damages for Emotional Distress: 
  
  • The law acknowledges that these errors are more than just financial, they’re deeply personal. The anxiety, sleepless nights, frustration, and embarrassment caused by fighting a system that seems stacked against you are real harms. We work to tell your story compellingly to secure compensation for this very real suffering.
• Disciplinary Damages: 
  
  • In cases involving particularly reckless violations of the law, courts can award punitive damages. These are not meant to compensate you for a specific loss but rather to punish the company for its egregious behavior and deter it from repeating the action in the future.
• Attorney’s Fees and Costs: 
  
  • A critical part of this is the “fee-shifting” provision. This means that when we win your case, the company that violated your rights is required by law to pay our legal fees and costs. This ensures that everyone, regardless of their financial means, has access to high-quality legal representation to stand up to large corporations.

Securing this compensation requires a strategic and documented approach. It’s not enough to simply prove the error existed; we must build a direct link between the mistake and the harm you suffered. This is where our legal team becomes invaluable. We don’t just send dispute letters, we conduct a thorough investigation, calculate every loss, and advocate for the maximum recovery possible under the law.

You endured the mistake, you shouldn’t have to bear the cost of it. Let us handle the fight to make you whole again.