I disputed some entries on my CR and got a letter back that they had corrected some of the entries on a tradeline, but not all. I have canceled checks and other documentation to prove that all of the items should have been changed. The letter back from them states that the only thing I can do at this point is to send them an note of less than a hundred words that they will add to the tradeline. The entries on the tradeline are still not correct. Is there a higher authority that when a situation like this comes about that can be called upon to correct this situation?
Short answer - no. OCs/CAs/CRAs are like a cult or cartel. Their goal is to keep consumers' credit histories in the toilet until the CRAs drop the entries off their reports - 7 years.
Who did you dispute with--the CRA or the creditor? If it was with the CRA, did you state the specific items that were incorrect? That is how you should dispute it. If it comes back verified, send a procedure request to find out who they validated it with.
Cra Sent it by mail. an entire package with canceled checks, receipts from the courthouse, copy of satisfaction of judgment. And a letter explaining the entire situation. There is no way, that if the material I sent was actually reviewed, that they would not have adjusted my report accordingly. The original creditor was GE Capital. Had to go to court were they got a judgment. I was to pay $6500 @$175 a month until the $6500 was paid. Very simple. GE sold the account to Sherman/LVNV Funding on Dec 29, 2006. I had some extra cash and paid it off, a little more than $1000, on Jan 2, 2007 (through the court just like all of my previous payments). So in effect when Sherman bought it, I only owed $1000 which I paid 3 days after they bought it. Well I have been trying to get Sherman/ LVNV off my credit report ever since the middle of 2007. I contend that it should have never been on my report. After sending my package, it will still be shown as a collection, paid as agreed, settlement for less than full amount and a charge-off June of 2007. The original charge off was toward the end of 2004.
It looks to me that ge breech their contract with you,if sherman didn't honor the contract then they also breeched it.first of all what right's did sherman have to collect on it a contract with you.Which they ignored,Can someone tell me if my thinking is wrong.I believe he has a suit?
Why could the CRA find this in the reinvestigation? At this point, all I want to do is get LVNV/Sherman off my credit report. The information that I sent the CRA was highly detailed with a highly defined explanation of the events. I even had an inventory list with information about each attachment. I don't have a clue as to why the CRA did what they did. If I sent the package that I sent to the CRA plus their response to the FTC. Would that accomplish anything? Has anyone tried something like that?
The CRA isn't going to look at all of that data. Their obligation is to verify it with the creditor. No matter what you send them, they do not remove unless the creditor tells them to or doesn't reply to a dispute. I'd try to get in contact with the executive office at Sherman (do it via certified mail). You may want to send it to their registered agent in your state as well. Send it certified, return receipt. If they don't reply, you may have to file suit against them. But the CRA will not correct reports absent something from the creditor. That is not their function. They report what is reported to them.
Thank's hedwig.Before i got on this forum i thought the cra did everything boy was i wrong.All they do is put all you bad stuff in one place,you have to deal with oc's the ca's,to take them to the point of sueing them and some you have to sue.As for quick repair no it will take time and patience with you win some and you lose some.
Just remember that the R in CRA stands for REPORTING. That's what they do--REPORT to others the data furnished to them. They don't go out and gather data, only report what is provided. When you dispute with them, their obligation is to verify with the data provider.
So when you dispute say an OPEN account that should be closed and or a FACTORING account that is not, and nothing gets fixed, what to do?
Take up your complaint with the entity that is reporting to the CRA - the JDB or CA. You'll probably have to either 1) negotiate a removal of the tradeline in exchange for payment, or 2) sue them.
I NEVER negotiate a tradeline that is FALSE, and they are in violation for sure. Me thinks after summer they will be getting sued.but for now I am vacationing. I will here than KACHING that will pay for a few of my dinners and entertainment... ; ) Oh and guess what? I have found the minute they get a summons and a court date, the tradeline miraculously comes off. !@#$%^&*()_+!!!
