The CDIA Automated Consumer Dispute Verification (ACDV) Process was developed by an industry task force and its credit grantor steering committee on behalf of the credit community. CCNS is provided by GE Information Services and runs on its teleprocessing network. The personal computer application software was developed by certified software providers. Each participating consumer reporting agency and data provider has its own CCNS mailbox. Consumer dispute information is transmitted electronically using a standard data format developed by the CDIA task force and based on the industry standard Metro Format. The CDIA Automated Consumer Dispute Verification format allows the consumer reporting company to transmit the consumer's dispute and, in return, allows the data provider to respond. When a consumer contacts the reporting agency with a dispute, the consumer reporting agency transmits the information in question to the appropriate data provider's electronic mailbox using the CDIA ACDV format and standardized dispute codes. The data provider accesses the GE CCNS network, receives the dispute data on its personal computer, researches the disputed customer account information, and transmits a response back to the consumer reporting agency's electronic mailbox. If the data furnisher finds that the information is correct, the response goes back only to the reporting agency that initiated the dispute. However if the data provider finds that changes should be made, the response not only goes back to the credit bureau that initiated the dispute but also automatically, via electronic copies, to the other nonreporting bureaus -- at no additional charge to the data provider. The originating consumer credit reporting agency and the nonreporting bureaus retrieve the data furnisher's response from their mailboxes and update their credit files accordingly. The originating reporting agency then responds back to the consumer who filed the dispute. It's the responsibility of the data furnisher to update its internal accounts receivable information to ensure that disputed data will not be reported in the future. There has got to be a way we can use this to our advantage...
Love, It's in the FCRA too, it just doesn't happen -- requiring furnishers to notify all bureaus after investigating. Hmmmmm, my cogs are clunking into gear, we could use it to our advantage when 2 CRAs delete and 1 verifies, or some combination. Actually, you should be able to use it for any discrepancy between the 3 reports Sassy
I use a similar system. I make a copy of the other reports, send them CRRR to the CRA along with a nutcase letter, and it works pretty well. I call it the "brutally inefficient, completely manual wolverine based credit enhancement program"
