Fullerton, CA, November 09, 2010 --(PR.com
)-- Georg Finder, the leading expert in assessing loss of credit reputation for a person or business, today announces an online evaluation tool to quickly establish a credit damage level for a person or entity. The tool is designed for persons or businesses who believe they may have been injured at no fault of their own.
“The Credit Damage Score is the first tool available to help answer two nagging questions becoming more prevalent as credit scores impact more aspects of our lives. Was I injured? And, Do I have a case?” Finder said. “This tool can indicate a probability that compensation is deserved.”
The tool, available at www.creditdamagescore.com, presents visitors with a simple set of questions in areas such as lost wages or commissions, credit cards, collection accounts, mortgage and insurance.
“Thanks to marketing campaigns, everyone knows the term ‘credit score’; however it is misleading because a person’s credit score can be marred by actions out of their control,” Georg Finder said. “It makes sense then that there also is a Credit Damage Score, a number to understand just how badly your credit reputation may have been injured by the actions of another party.
“With the proper documentation, you may be entitled to compensation,” Finder said. “The Credit Damage Score helps an attorney recognize the probability of getting paid for actual loss of credit reputation.”
Credit damage is commonly overlooked in personal injury damage demands, or situations where a person’s credit reputation may be compromised or damaged through no fault of their own. For there to be payment for damages, the responsible party must be identified, and the damages measured and/or monetized.
At the start of www.creditdamagescore.com, the visitor is presented a table explaining scoring. A credit damage score of zero to five is marginal; 6 to 10, very likely or soon will be significant credit damage; 11 to 15, definite actual damage to measure; and for scores of 16 and above, the site recommends retaining a credit damage expert to include credit damage in a legal damage demand.
A lawyer will use the expert witness to present a credit damage measurement report to show how, and how much, the credit was damaged so a judge, a jury or an attorney can recognize the damage.
“Just as a doctor might provide an expert explanation of a medical situation, a credit damage expert can provide an expert credit damage assessment valuable in court situations,” Finder said.
“I sometimes refer to credit damage as the invisible injury in cases such as divorce; personal injury with at least two months’ loss of income; fraud (including, but not limited to, identity theft); breach of contract (including loss of health insurance); malpractice; credit report file merge; credit report errors; bill collector abuse; wrongful job loss; or bad faith insurance,” he said.
The credit record does not have to be perfect before the injury. The assessment must show a client’s credit reputation has enough sufficient documented change of credit status inflicted by a third party to cause increased out-of-pocket costs; loss of credit capacity; or loss of credit expectancy.
Damages for loss of credit reputation have been awarded dating back to 1995. For a list of some court cases, see http://creditdamageexpert.com/judicial-notice-list/.