I've recently heard about using a letter based on FCRA 623 for OC's. I have also read that you can use this letter for an untimely DV as long as they are reporting to the CRA's. I am very interested in hearing everybody's thoughts and feedback as all of my DV's are or will be untimely. It seems like most requests for DV tend to be untimely. From my understanding, CA's do not have to respond to untimely DV's, but since they are furnishing info to the CRA's, they are subject to the FCRA. § 623. (a)(8) ABILITY OF CONSUMER TO DISPUTE INFORMATION DIRECTLY WITH FURNISHER § 623. (b) DUTIES OF FURNISHERS OF INFORMATION UPON NOTICE OF DISPUTE I see this as a potential strategy moving forward assuming that some of DV's to CA will go unanswered. I am interested in hearing as many thoughts or insights as possible. Thanks in advance.
While it is always good paper trail policy to use a FACTA dispute directly with the furnisher, unfortunately our Congress Critters did not see the necessity of giving us a private right of action if they do not respond.
