Meet the Credit Expert

John Ulzheimer

John Ulzheimer is the President of The Ulzheimer Group, LLC, and founder of CreditExpertWitness.com. He is a nationally recognized expert on credit reporting, credit scoring and identity theft. In addition to his expertise in personal finance and consumer credit, John also serves as an expert witness and legal consultant for clients involved in credit related litigation.

Visit John Ulzheimer's Website »

"Ulzheimer has extensive knowledge concerning the credit industry and has great courtroom demeanor. Ulzheimer is highly recommended to any law firm that needs an expert concerning the FCRA, FDCPA, credit reports, credit scores, credit damages, and reasonableness of procedures for credit related disputes and reinvestigations."

Cory Rooney, Owner/Attorney

Law Firm of Cory J. Rooney, PC

"John has an incredible understanding of credit reporting, credit scoring and credit bureau practices and standards. If you're looking for an expert in consumer credit John comes highly recommended by my office. His knowledge of credit reporting and payment history patterns helped to identify grossly incorrect opinions proffered by a Defendant's expert witness."

Jeff Badgley, Principal

Badgley Law Group

The Role of a Credit Damages Expert Witness

Credit damages is one of the most complicated aspects of any FCRA, FDCPA or credit report related litigation. In the world of credit related lawsuits there is always an allegation of credit damages, but rarely a number applied to said allegations. One of the difficulties is the absence of any generally recognized method of quantifying credit damages, that is to assign a dollar amount to things like credit denials or lower credit scores or allegedly incorrect credit entries.

In credit damage lawsuits, there is no “miles per hour” or “pounds per square inch” type of metric. You can’t simply look at a credit score of, say, 600 and equate some dollar amount to that score. In fact, several courts have published opinions that make it very clear that simply having a lower score does not equate to actual harm. That certainly doesn’t stop some credit experts from assigning large and puzzling “damage” figures in credit damage lawsuits.

While it’s certainly the Plaintiff’s job, normally via his credit damage expert witness, to assign value to alleged credit damages it’s almost always the Defendant’s credit damage expert witness’s job to assess and possibly offer rebuttal opinions. Those rebuttal opinions can be as complex as deconstructing the Plaintiff’s expert’s damage methodology. They can also be as simple performing a credit score impact analysis to identify what, if any, impact any allegedly incorrect credit reporting had on the Plaintiff’s credit scores.

If the allegedly incorrect credit reporting had no measurable impact on a Plaintiff’s credit score then it begs the question, “where are the damages?” And, the only way allegedly incorrect (and likely derogatory) information would not have any measurable impact on a Plaintiff’s credit score is if there were other unrelated derogatory entries that were already causing a lower credit score.

That still doesn’t stop some credit experts from alleging credit score damages even if there aren’t any. That’s why it’s important to have a credit damages expert witness that has a professional background in not only credit reporting but also credit scoring systems.