Hi, I just finished talking to my sister in law. She has been disputing with Equifax since last December to get some paid collections and several unauthorized inquiries off her report. Equifax keeps telling her they have investigated the collections, and they were verified. Of course, they offer no proof to this. So I told her if they do not give her the required information provided under FCRA to go ahead and sue them. I hope it works. Well on to my real reason, my sister in law has contacted Equifax several times over the past year to discuss the inaccurate entries and even some simple things has an address change. The reps told her (at least 2 have) that each time Equifax pulls her report (consumer disclosure) it costs her 3 points on her FICO score. They also told her credit card and banking inquiries were five points a piece. I have no reason to doubt my sister-in law. Can you believe that...3 points for a darn disclosure! I wouldn't put it past the jerks. Her score is in the high 500s. She said that Equifax has pulled her report almost 80 times! It takes a page and a half just for all the inquiries. If the 3 point rule isn't true, why would Equifax lie to her? Hoping that she doesn't continue to dispute their inaccurate reporting? My advice was if they did not provide her with the names, addresses, phone numbers, and extensions of the people that Equifax contacted to verify this information to find a good attorney. Dani
The law needs to shut these crooks down. Some would disagree on this but you don't let a robber off the hook just because he might be doing some good otherwise!
so are they not giving her anything???? or just not the specific individuals???? has she contacted the creditor??? I am a newbie at this, but it seems that her court case would be stronger, if she had some confirmation from the creditor. Hopefully, she is logging all of her phone calls, but her case would be stronger if she had copies of correspondence.
Dani, I'm no expert, but it sounds like you're exactly right---the reps are probably telling her that pulling her report costs her FICO points so that she will stop checking up on them. Consumer disclosure inquiries are NOT supposed to count against you--there's even a reference to this on the inquiry page of an Equifax report. It makes no mention of FICO, of course, but I still think it proves they're blowing smoke. Just my theory.
