Doe's anybody know where I can get the specific statue from the FTC on adding personal statements? I have been on the FTC website and am unable to locate the specific statue. I need to know the laws regarding personal statements. Thanks,
It is in FCRA: http://www.ftc.gov/os/statutes/031224fcra.pdf "§ 611. Procedure in case of disputed accuracy [15 U.S.C. § 1681i] (a) Reinvestigations of Disputed Information ... (5)(B)(iii)(III) a notice that the consumer has the right to add a statement to the consumer's file disputing the accuracy or completeness of the disputed information. ... (b) Statement of dispute. If the reinvestigation does not resolve the dispute, the consumer may file a brief statement setting forth the nature of the dispute. The consumer reporting agency may limit such statements to not more than one hundred words if it provides the consumer with assistance in writing a clear summary of the dispute. (c) Notification of consumer dispute in subsequent consumer reports. Whenever a statement of a dispute is filed, unless there is reasonable grounds to believe that it is frivolous or irrelevant, the consumer reporting agency shall, in any subsequent report containing the information in question, clearly note that it is disputed by the consumer and provide either the consumer's statement or a clear and accurate codification or summary thereof. ..." What do you want in your personal statement? Only a human reviewer could read it. Automatic scoring, like FICO, doesn't know how to read general English.
That Citibank charge-off, now "Paid In Settlement," account was deleted by both Equifax, and Transunion, however Experian still refuses to delete it. I demanded they add this personal ststement; THIS IS A FRADULANT ACCOUNT, EXPERIAN REFUSES TO DELETE IT. This statement is under 100 words, as described under FCRA. However Ex sent me a letter claiming this was threatning in nature, is it? I am simply stating a fact that Ex is the only cra that is still reporting it. Is that threatning? I don't think so, I think I just hurt their feelings, and I am glad I did. I have send supporting documents that possible unauthorized charges were made. I also sent Ex a letter from Citi, Citi admits that there are NO statements on file anymore, nor is a copy of the original application available. With that being said by Citi, how is Ex verifying anything? oh that's right we just check an account number and name right? not an investigation by any imagination. It is a charge-off Ontrack(Cause I know you will ask), opened 02-2000, first 30 late was 08-2001. It was paid to obtain a car loan when I was at my bank, I had to pay it asap without investigation. Still if Citi can't provide anything, is this worth a summons to Ex. I would think the judge would like to see documents with signatures which nobody has. Almost the same situation as Lizardking.
You really don't want to go there re Lizardking. Looking at his most recent lawsuits from 2004: His case against Equifax was dismissed for lack of prosecution (he gave up) in May of this year. He settled most of his cases, but there is still one ongoing (US Bancorp) that had significant counterclaims. Six of his lawsuits were consolidated into that one case, but most of the rest were settled pretty promptly after the consolidation. My guess: he won't be filing more lawsuits for a very long time.
