WHAT IS A DEMAND LETTER?
Notifying Violators of the Damage, Intent to Sue and How Much They Owe.
A letter by which one party explains its legal position in a dispute and requests
that the recipient take some action (such as paying money owed), or else risk being sued. • Under some statutes (esp. consumer-protection laws), a demand letter is a prerequisite for filing a lawsuit. (Black Law Dictionary)
WHAT KIND OF MONEY ARE WE TALKING ABOUT HERE?
As Much As The Law Allows
Obviously, we can’t guarantee any outcomes or any degree of success because everyone and every situation is different. Not even an attorney can know the outcome of a potential claim. Right?
However, the FCRA provides that for every single violation of the act the damage award will range of from Actual Damages alone (this is great!); to $100-$1000/per violation plus actual damages; to punitive damages if they are found to have had reckless disregard for the FCRA; and costs and fees are typical as well.