Re: Trans Union, dates of late paym Excellent post and site, Greg. You can also note that Trans Union reports provided by WorthKnowing.com do include the exact dates of delinquency as well. Doc
Re: Trans Union, dates of late paym It is a fundamental violation of the FCRA. Indeed, when asked about it, Trans Union even claimed they don't have the dates. http://creditaccuracy.com/correspondence.htm#incomplete1
Have you noticed also TU has no ability to note any account as being "in dispute" while it's in dispute. Meaning: every item you dispute automatically generates a fcra violation They say they're updating the system now... How did they ever get to be a national bureau?
Re: Trans Union, dates of late paym Greg- Great websites! Any progess with getting Equifax to update their disclosures form to include a toll free number?
Re: Trans Union, dates of late paym Jimrie: The reports lenders can obtain give more information than those the consumer can obtain directly from Trans Union. If a lender required the consumer in the example have only one 120-day late payment in the last 12 months, the lender could tell when the 120s occured. The consumer cannot tell all the dates, nor, even how many 120s occured. Based on the 5/19 report, as far as this person knows, they could have been 120 days late 8 times in the last 18 months. If the lender tells them they can only be late 120 days once in the last 12 months, they qualify-- but they wouldn't know it by looking at their consumer disclosure from Trans Union. The lender's reports show the actual dates, and they know those details. The FCRA requires the credit reporting agencies to give "all" information in the consumer's file to the consumer. The law doesn't state, specifically, why it is important for consumers to get as much information as lenders because it is self-evident. It does state, however, "There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer's right to privacy." Do you think it is fair for a CRA to give information about a consumer to someone other than that consumer but not to the consumer? Marie: I vaguely recall that claim. Is there any evidence posted on the Web; any challenges to Trans Union's practices? KHM: No. The FCRA states that "in the case of a consumer reporting agency that compiles and maintains files on consumers on a nationwide basis, a toll-free telephone number established by the agency, at which personnel are accessible to consumers during normal business hours." Apparently, Equifax is smaller than we think, since it is clearly not an agency that maintains files on a nationwide basis.
Re: Trans Union, dates of late paym Greg I'm not sure what you're looking for in so far as evidence. I just found this out last month. I confirmed it with David Szwak's assistant (FCRA atty). TU also really screwed up with me, making me wait 30 days to add a fraud alert (the rep suggested putting other disputes in with the address change and fraud alert). I had fraudulent info appear and TU couldn't tell me where they got the new address... so I wanted to change the address back to mine and add an alert... instead my file was left vulnerable for 30 days. and yes, it's in process of litigation. As far as TU evidence, put items in dispute, call and confirm they're in dispute, and then repull your file. You'll see No sign of "in dispute" on any item. better yet, have a local bank pull it. No sign of "in dispute". I was told by a TU supervisor that their system is in process of being updated but can't even note accounts as being "in dispute" right now.. not for us, not for lenders. That means every item "in dispute" but not noted as being "in dispute" generates an fcra violation per each item that's disputed. The supervisor got very mad when I asked how they can justify this system issue in light of the fcra requirement to note the account as being in dispute...
Re: Trans Union, dates of late paym Dear Greg, Great Job! I agree with your contention that ALL of the information available to potential creditors should also be available to us. I've often wondered where all the law suits are. In fact I'm beginning work on this very issue.
Proof Marie: Documents. The interesting thing about the Internet is that even with the potential for individuals to garner a world-wide audience (we can become our own publisher and broadcaster) and even with all Trans Union's monkeyshines, practically no one posts actual documents, audio or video as evidence. But as more get fast connections (see http://whatstheholdup.com), the more you'll see it. Still, for this topic, it is a conundrum that the very issues consumers with which most are concerned never see the light of day because nobody wants their credit report splayed out on a Web page forcing them to endure the scrutiny of the world.
