From www.cbbr.net: "The technique they employ is to challenge over and over again the truthful information contained in the consumer report until it is removed. These claims are blunderbuss challenges typically without supporting documentation or verification. They claim the CRAâ??s get â??tiredâ? of reverifying information, however, CRAâ??s have procedures in place to identify frivolous disputes. The FCRA also counters this tactic by not requiring a reverification on information that has been verified within the previous two years. " The last sentence; is that true?
Nah, its just another CRA using their own interpretation of the FCRA . It goes right along with these: "We don't have to accept disputes without signatures" "We have 35 days to receive the results of a dispute" (haven't heard that one in a while) "We do not have to send a full report, just a copy of what was updated" "You sent us new information, so we have 15 more days" "You are using a credit repair agency" Anybody care to add their bs excuses from CRAs?
I went to that website. I nearly choked on my coke LOL: How accurate is the information in a credit report? return to top The fundamental goal of Associated Credit Bureaus, members is to ensure maximum possible accuracy of credit information provided to credit grantors. ACB members have a vested interest in the accuracy of the information it protects. The less accurate the information, the less value it is to those who grant credit. Considering the enormous volume of credit information that is transmitted in the U.S. -- two billion pieces of information are updated in consumer credit files each month -- the industry has an extraordinary record of accuracy. Is consumer service a priority for the credit reporting industry? return to top Yes. The industry believes consumers have a right to responsive service when checking and reverifying information in their credit reports. The three reporting systems have added toll-free phone lines and hired more than 1,000 employees to provide customer service. Our commitment to consumer service resulted in several new policies adopted by the credit reporting industry in July, 1993 to improve response time to consumers and enhance the privacy of the file information. The latest improvement is a computerized system of handling consumer disputes that results in a quicker response time to consumer inquiries Obtaining a credit report under false pretenses, or improper use of a credit report is a violation of federal law. When privacy violations occur, the credit reporting industry notifies the appropriate law enforcement authorities. You mean for inquiries they consider a "statement of fact" and refuse to investigate?
Considering the enormous volume of credit information that is transmitted in the U.S. -- two billion pieces of information are updated in consumer credit files each month -- the industry has an record of accuracy. jlynn | ============ IF a 70% error rate is extraordinary wonder what they'd call a 60% rate?? THE END ** *** ** LB 59 """""""""```~~~```'""""""""" A donkey had an IQ of 186. He had no friends at all though. Even in the animal kingdom, nobody likes a smart-ass
I went to that website. I nearly choked on my coke LOL: jlynn ==========What happened to the coffee? A donkey had an IQ of 186. He had no friends at all though. Even in the animal kingdom, nobody likes a smart-ass THE END ** *** ** LB 59 """""""""```~~~```'"""""""""
