No mandatory reporting requiremet?

Discussion in 'Credit Talk' started by dixidriftr, Feb 11, 2003.

  1. dixidriftr

    dixidriftr Well-Known Member

    where in the FCRA does it say derogatory information should be reported, but it is not mandatory that it is reported?
     
  2. jlynn

    jlynn Well-Known Member

    Is this a trick question? Been talkin to a CA?

    It basically says they have a duty to provide accurate information.
     
  3. c5kirk

    c5kirk Well-Known Member

    The FCRA covers the requirements for information that IS reported... but I don't believe that there is anything in the FCRA, or any law for that matter, that REQUIRES companies to report information to the credit bureaus... either derogatory or positive.

    At least that's my understanding... someone please correct me if I'm wrong.

    Kirk
     
  4. dixidriftr

    dixidriftr Well-Known Member

    I'm writing a settlment letter and I thought I remembered someone on here was talking about the FCRA where it says that derogatory information should be reported, but it is not mandatory. I'd like to quote the part of the FCRA that says that, but i'm having trouble finding it. I've looked it over several times and I believe it doesn't exist.
     
  5. lbrown59

    lbrown59 Well-Known Member

    , but i'm having trouble finding it
    dixidriftr
    ===================
    How can you find what is not there?
     
  6. dixidriftr

    dixidriftr Well-Known Member

    Just wanted to make sure I didn't miss anything. Not like your dealing with a small law here. The FCRA is only 34 pages in 10 point type.
     
  7. Higher

    Higher Member

  8. lbrown59

    lbrown59 Well-Known Member

    Some people are just pricks aren't they?
    ==============================What? Duh
     
  9. dixidriftr

    dixidriftr Well-Known Member

    Thank you Higher. I knew I remembered that post from somwhere. That one post was on my favorite list that but got lost in the process of swapping hard drives.
     

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