The Equifax Shaft
Angela P. Williams says she got nothing but a runaround from Equifax as she tried for more than a decade to clear up an identity mix-up that ruined her credit. Now she’s hitting the credit-reporting giant where it hurts: on the bottom line. An Orlando jury awarded Williams a multimillion-dollar verdict against Equifax for years of failing to correct dramatic errors in Williams’ credit report that led to her credit score being trashed. Atlanta-based Equifax must pay the medical-transcription worker $219,000 in actual damages and $2.7 million in punitive damages for negligent violation of federal credit-reporting laws, according to the verdict Friday in state Circuit Court in Orlando.
I suffered an identity theft in 2001. To this day I am in dispute with Equifax, the worst offender of the big three credit reporting agencies. They refuse to remove the 3 bogus addresses along with misspellings of my name the thief used to purchase cell phones, gold and other jewelry. Unlike the woman in the article, I gave up after years of struggling. Her victory is for all of us.
“I’m not sure this will bring resolution,” she said. “I don’t have a lot of confidence especially in Equifax, after so many years of having problems. I’m just not confident that I won’t have to go through this again.”
I know firsthand exactly how she feels.