I have been posting about a creditor that changed my rating after I disputed over the holidays from R1 to R4. They did this by claiming that it was done as a result of lates some 3 years ago. The account has been paid, in full, and on time since then. All of my previous reports for the last 2 years reflected R1, until I disputed w/ the CRA. I sent a letter to the creditor requesting an account audit of the account, and specifically asked that they show me how this account is currently R4. What I got was a one page printout showing lates from 3 years ago, nothing from before 2000. I need some guidance here-my "agreement" on the back of the bill says nothing about reporting to CRAs, etc. If I look at the FCBA I interpret it as a guideline for disputing charges. Here is what I think I have against this creditor, and subsequently the CRA: 1) Incomplete validation. I specifically requested a full audit, not 3 years ago. Is this correct? 2) Failure to list the account as in dispute with the CRA during the time of dispute-I have multiple copies of the report showing no notation. 3)The CRA is reporting information that cannot, or is not being validated by the original creditor. Let me know if you believe this to be accurate, or you can see any glaring examples of other violations. I honestly believe that they changed my status simply because I disputed.
So how can you prove that they changed the rating because you disputed it. This is what I want to know. On you other issues, I would say that it was an incomplete validation. And if they did indeed fail to put your account in dispute status, then this is another violation. But, I cant understand why you would dispute an account that already had an R1 rating? Maybe I am missing something here.
Reshod-I disputed it because they hadn't updated it to PAID-it still showed a balance some 3-4 months after I had paid it off. The only proof that I have in terms of changing the rating is that it was reported for at least the last 2 years as an R1-when I disputed it, it changed to R4.
