OK, you guys might remember my ranting about 1st Premier giving me a "random" late pay for March. Well, I called them and spoke to a supervisor. She says, "nope, you weren't late. but we can't fix that." Of course, I said, "what do you mean, you can't fix that?" She went on to say that it was the CRA that made the mistake (I hardly think so, since all of the bureaus are reporting the 30 day delinquency) and that I would have to file a dispute (ANOTHER one) with the CRA to get it fixed- she said they could not contact the CRAs themselves. Is this true-- can they not call or fax a letter telling the CRAs that I wasn't late and to remove the notation??
Thats bull$hit! They are reporting it, they can send a manual UDF to update the tradeline. But, they also have to have their records updated or it will come back with the next mass update they do.
Thats what I thought...now I don't feel bad about closing my account and calling them a bunch of lying bastards!!
Even though you closed the account, be sure to make them correct their mistake. I would also look for a "closed by credit grantor" notation, since you finished with the "lying bastards" comment (Not that I would have said anything nicer). Definitely keep up on this one and force them to correct your report or sue them. -Peace, Dave
I've got one of those "closed by credit grantor" notations from 6 years ago. Let me guess, this is a Bad Thing. Anything to be done about it? Dancer
You could call the OC and ask them to change it to "closed by consumer", that is, assuming you truly did close it, and not the other way around. It (closed by credit grantor) would look bad on a manual review, however when it comes to scoring, I don't think it would affect your score.
I disputed a few accounts that I said were "closed by consumer" that were listed as "closed by grantor". Amex was the only one that got updated to closed by me.
Dave- thanks for the advice and don't worry, I will be watching this one VERY closely. I've been a longstanding customer with 1st Premier-- dealt with their bullshit fees and crappy customer service, and this is the thanks I get? They won't lift a single finger to help me and on top of that they flat out lie? Thanks, but no thanks - they can take their card and stick it you know where!!
This case screams for the nutcase letter. Fire one off CRRR and get ready to sue. Better Do it fast before they go out of business.
I would send them a demand to correct immediately letter. You can include a copy of section 623 of the FCRA just to jog their memories of what their responsibilities are. § 623. Responsibilities of furnishers of information to consumer reporting agencies [15 U.S.C. § 1681s-2] (a) Duty of furnishers of information to provide accurate information. (1) Prohibition. (A) Reporting information with actual knowledge of errors. A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or consciously avoids knowing that the information is inaccurate. (B) Reporting information after notice and confirmation of errors. A person shall not furnish information relating to a consumer to any consumer reporting agency if (i) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate; and (ii) the information is, in fact, inaccurate. (C) No address requirement. A person who clearly and conspicuously specifies to the consumer an address for notices referred to in subparagraph (B) shall not be subject to subparagraph (A); however, nothing in subparagraph (B) shall require a person to specify such an address. (2) Duty to correct and update information. A person who (A) regularly and in the ordinary course of business furnishes information to one or more consumer reporting agencies about the person's transactions or experiences with any consumer; and (B) has furnished to a consumer reporting agency information that the person determines is not complete or accurate, shall promptly notify the consumer reporting agency of that determination and provide to the agency any corrections to that information, or any additional information, that is necessary to make the information provided by the person to the agency complete and accurate, and shall not thereafter furnish to the agency any of the information that remains not complete or accurate. (3) Duty to provide notice of dispute. If the completeness or accuracy of any information furnished by any person to any consumer reporting agency is disputed to such person by a consumer, the person may not furnish the information to any consumer reporting agency without notice that such information is disputed by the consumer. (4) Duty to provide notice of closed accounts. A person who regularly and in the ordinary course of business furnishes information to a consumer reporting agency regarding a consumer who has a credit account with that person shall notify the agency of the voluntary closure of the account by the consumer, in information regularly furnished for the period in which the account is closed. (5) Duty to provide notice of delinquency of accounts. A person who furnishes information to a consumer reporting agency regarding a delinquent account being placed for collection, charged to profit or loss, or subjected to any similar action shall, not later than 90 days after furnishing the information, notify the agency of the month and year of the commencement of the delinquency that immediately preceded the action. (b) Duties of furnishers of information upon notice of dispute. (1) In general. After receiving notice pursuant to section 611(a)(2) [§ 1681i] of a dispute with regard to the completeness or accuracy of any information provided by a person to a consumer reporting agency, the person shall (A) conduct an investigation with respect to the disputed information; (B) review all relevant information provided by the consumer reporting agency pursuant to section 611(a)(2) [§ 1681i]; (C) report the results of the investigation to the consumer reporting agency; and (D) if the investigation finds that the information is incomplete or inaccurate, report those results to all other consumer reporting agencies to which the person furnished the information and that compile and maintain files on consumers on a nationwide basis. (2) Deadline. A person shall complete all investigations, reviews, and reports required under paragraph (1) regarding information provided by the person to a consumer reporting agency, before the expiration of the period under section 611(a)(1) [§ 1681i] within which the consumer reporting agency is required to complete actions required by that section regarding that information. (c) Limitation on liability. Sections 616 and 617 [§§ 1681n and 1681o] do not apply to any failure to comply with subsection (a), except as provided in section 621(c)(1)(B) [§ 1681s]. (d) Limitation on enforcement. Subsection (a) shall be enforced exclusively under section 621 [§ 1681s] by the Federal agencies and officials and the State officials identified in that section.
You are not guessing. It is a bad mark. Don't take my word for it. Ask someone who uses perfect grammar to be sure .
OK folks... I shot off disputes for the late pays to all the CRAs First Premier reported to and I sent a letter to them regarding the matter. Today, I get a letter from 1st Premier asking me to come back to the company. Should I try to make a deal here- demand that they remove the false late pays and increase credit limit in exchange for my re-opening the account? Or should I just wait out the disputes, keep the account closed and sue later if need be??
If they will increase the limit...FREE...and remove the lates...and reduce the interest rate...GO FOR IT!!! A limit increase of $1,000 is the least you should ask for...
That's the spirit kit.That is what every one should be telling all of them. None of them deserve our business and we don't to be getting the business.
