I have a repo w/GMAC from 1996. It goes off my report in 8-2004. I have disputed with CRA's, GMAC verified as mine. I sent GMAC a validation letter and they validated. BUT I see lots of variations in how they are reporting to the CRA's. On TU it says paid charge off, Experian Voluntarily Repo, and with Equifax several unknown dates. Can I dispute this with GMAC as reporting inaccurate info to the CRAs. Any suggestions would be appreciated. Anna
I think you need to read some more anna. Go to the required reading for newbies there is a wealth of information there that will bring you up to speed quickly. First off, you do not dispute with GMAC. You dispute with the CRA's. You can dispute any aspect of the account you like and tell them what action you want them to take (ie delete, update, correct, etc.). Once you dispute with the CRA's you have to wait 30 days for them to finish their investigation and provide you with the results. Based on the results you would formulate your next plan of action.
Robin..if you read her post she said she DID dispute with the CRA's and that the 3 bureaus verified the information. (Sorry big pet peeve of mine when people don't read!)
anna, The duty of furnishers to correct and update to all CRA's reported to: http://www.ftc.gov/os/statutes/fcra/harris.htm Section 623(a)(2) of the FCRA addresses the duty to correct and update information by "furnishers," or persons who furnish information to consumer reporting agencies ("CRA") such as credit bureaus. In particular, this section requires a person that "has furnished to a consumer reporting agency information that the person determines is not complete or accurate" to "promptly notify the consumer reporting agency of that determination" and provide any information needed to make it complete and accurate.(1) Thus, on its face, this provision requires a furnisher to provide corrected or updated information to the consumer reporting agency that it had reported to originally. A furnisher that reports current information to a different CRA has done nothing to "correct and update information" with CRA that possess the information that the furnisher has now determined is incomplete or erroneous. This duty extends to all student loan accounts reported to CRAs, regardless of whether they were accurate at one point, because the section requires the furnisher both to "update" accounts as well as to "correct" those that were erroneous when submitted to the CRA. Sassy
