I think the bottom line is that we should fight against the CRAs using any and all methods at our disposal. "we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender" Winston Churchill
This includes striking out against Their Customers .[ If the CRAs customers loose business then the CRAs loose their customers.
The only area where we do not have the option of refusing to do business with an industry is in the matter of mandatory auto insurance. Thank God there is no such law forceing us to purchase the credit industries products.Wouldn't that be the pitts ?
I completely agree. This system is no more than a credit lottery. With over one third of all credit reports containing "serious errors"--the entire livelihood of the CRA's is based on inaccuracy and misreporting. It is a house of cards built by fools.
Re: Re: Fatally flawed credit system 2/3 to 3/4 (or more) HAVE ERRORS..."SERIOUS" is up for interpretation...
Re: Re: Fatally flawed credit system Credit scoring is the biggest rip off ever devised against the consumer. What's Worse This Con Job Is Legal. http://members.aol.com/victcrdrpt/Score.html THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""'''
Re: Re: Fatally flawed credit system I still don't have a 100% ACCURATE report...AND I DON'T HAVE ANY "BADDIES"
Re: Re: Fatally flawed credit system Sounds like a good letter. In addition to your own Congressman and Senators, you might also want to send it to the members of the banking committees. Either the same letter with a cover letter that you are sending a copy to them because of their committee status, or reword it to say you're sending to them because they're on the committee and you think they ought to know what's going on. That way, we're all sending to at least some of the same people. The people you should be sending to can be found at the following links: Members of the House Committee on Financial Services Senate Committee on Banking So, let's start our campaign.
Re: Re: Fatally flawed credit system I'm not sure how good PFB is for this. I filed a complaint against BofA and copied my Senator. I got an automated response that he could not reply to this type of inquiry, if I had a problem to e-mail him directly. So I would propose WRITING (not e-mailing) everyone on the committee lists I provided, plus your own Senators and Congressman. The reason I say in writing is that e-mails are easily deleted or ignored. Piles of letters are more likely to be noticed. Remember what happened in Miracle on 34th Street when the letters got dumped in the courtroom! A lot more impact than a list of e-mails that may never be seen.
Re: Re: Re: Fatally flawed credit system Susitna (as in Mat-Su valley?) has a good point about political clout and recognition. We, the consumers have little while the CRAs and other corporate types have bottomless clout. Still, we should continue speaking truth to power by contacting our elected officials. But moreso, we need to take to the courts at every opportunity. If the legislators won't do their jobs because they've taken the CRAs' money, then we may have to settle for the laws being changed through the courts: take the CRAs to court, beat them, and let everyone know about it.
Re: Re: Re: Fatally flawed credit system We need the media or a PR person who can run with this and maybe an article on the front page of every paper in the USA may get the sh*t to hit the fan. I know that front page sounds ludicrous, but it can be done. Maybe when more people realize that their credit history may have been compromised with inaccurate information and the CRA's go from 10,000 letters a day to over a million, they'll make an effort. It sucks I know, but we can do this! I was denied opening up a freaking checking account with Wells Fargo because of a BK a few years back! WTF!?!?!?!? And I got rid of debt the legal way! What needs to be added to the letter are items about the 7 yr policy, BK's and other public records staying on for up to 10 yrs, etc. That needs to be amended too. Oh, and how about being served? It should be law that, just being served an arrest warrant, it should be law that the actual person being summoned HAS to receive the complaint personally. No more "as long as service was had on the address and "someone signed for it" yadda yadda whatever..........my 2 cents.
1*What needs to be added to the letter are items about the 7 yr policy, 2*BK's and other public records staying on for up to 10 yrs, etc. That needs to be amended too. 3*Oh, and how about being served? it should be law that the person being summoned HAS to receive the complaint personally. No more "as long as service was had on the address and "someone signed for it" yadda yadda whatever..... tonyd ================= 1 & 2* Who the L was the idiot that dreamed up the 7 & 10 anyhow? Change every thing to 3 years. 3* Out law default judgments as they are now rendered. THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""'''
The 7 years, BION, is based on Biblical principles (something about forgiving one his debts in 7 years). The 10 years sounds to me like a law that the CRAs and their crony subsribers were able to bankroll.
One thing at a time. Let's correct the incorrect reporting, then tackle the number of years and judgments. In fact, the way judgment's work is largely a state issue that varies from state to state. If we can draw attention to the incorrect reporting, which effects almost everyone, then we can go on to other things. We might not get a grass-roots movement against seven or ten year reporting, but we may get support when something effects people personally.
1*If enough people do likewise maybe we can affect some change in this God-awful system. 2*Any suggestions are appreciated and I urge all to do the same. 3*They somehow came up with the incorrect information in the first place. 4*You have only one option left and that is to sue them. 5*This system is terribly flawed and something must be done. 6*Why are consumers deemed to be guilty until proven innocent? 7*Imagine if the criminal justice system worked this way. Person A accuses Person B. Judge asks Person A "Did you accuse Person B? Person A replies "Why yes I did". Verdict: Guilty. 8*Obviously there is a need for accurate credit information to be made available to potential lenders so they can assess their risk. The current system is riddled with corruption, greed, and abuse. I again urge you to take steps to rectify this situation. 9*The CRA's are multibillion dollar corporations, who employ thousands of people. They are also one of the biggest lobbyists in Washington. 10*The quickest way to effect change in this industry is through the courts 11* , the only thing that will change the CRA's behavior is consistent court battles, hiring lawyers and paying damages time and time again has a major effect on their balance sheets. 12**Hitting these companies in the pocketbook is our best option. 13*the entire livelihood of the CRA's is based on inaccuracy and misreporting. It is a house of cards built by fools. Various posters ================== 1*Is racketeering a system? 2*Don't give them your money. 3*Even if they have to make it up, which must happen a lot as there just can't be that many honest mistakes. 4*And when it goes before a business friendly judge or one that knows nothing about consumer law you are even farther up the proverbial creek than you realize. 5*The scam has been going on for far to long. 6*They see us as suckers and will continue doing so until we wake up and stop funding them with our money. 7*If they Ran the criminal justice system we'd all be in jail or executed. Why not they are all ready murdering us financially! 8**Obviously there is a need for accurate credit information to be made available to potential lenders so they can assess their risk - How can they do that with a system that is riddled with corruption, greed, and abuse? 9*That's why we need to cut off their funds. 10*Untill you run into this: And when it goes before a business friendly judge or one that knows nothing about consumer law. 11*There is another way. 12*Another way is stop supporting their customers with our hard earned money. 13*And consumers are the suckers. THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""'''
