Lizardking, I have an installment loan account that verified with the cra, then when I asked them for proof, they asked me for more info. I ignored them. It has been several months and I just sent another demand for proof. They did mark it as diputed with the cra. If they don't produce proof this time (I asked them to send it in 15 days) what should I do? I have to have it off the report. THANKS
[color=35007]here is a letter I am working on for an oc. It is totaly in the draft stage. I know there are errors September 19, 2002 xxxxxxxxxxxxx xxxxxxxxxxxxxxx in regards to xxxxxxxxxxxxxxxxxxxxxxx xxxxxxx Thank you for the response to my last letter. It was nice to receive a response from an actual person. However, you did not send the answer I was looking for. The record shows that I have continuously made efforts to clear up this dispute while you (xxxxxx) have not been as forthcoming. I have ultimately made an offer to pay for charges I believe were made by another in an effort to expedite this dispute resolution. At this time, I am inclined to rescind my previous offer(s). Unless proof can be provided that I am the individual responsible for this account and the charges made to it, I demand that you delete the erroneous negative remarks from my credit report with all three credit bureaus immediately. At least, update them as â??in disputeâ? as required by law. The time for your continuous inaction is over. If appropriate actions are not taken immediately, I assure you that this matter will be pursued in a court of law. It is unclear why your company has demonstrated this behavior concerning this dispute. Not only has xxxxxxxx disregarded my good intentions, but, you have violated the law as stated in the Fair Credit Reporting Act. As a creditor it is in your best interest to treat the customer with respect and fairness. I have stated before in one letter that my family still shops at xxxxxxxxxx. Why would you want to alienate your customers? Do you realize this has been going on since May 2, 2002? It was understood that as a creditor xxxxxxxxxxxxx was not required to provide the proof documenting my indebtedness. But, since I explained the circumstances of identity theft and you acknowledged my request in your letter dated June 5, 2002, your failure to produce such documentation demonstrates that there is no such proof. Without such proof, it follows that what you have reported to the bureaus is in no way accurate. Beyond this inference, it is observed that xxxxxxxxxx has clearly violated § 623. Responsibilities of furnishers of information to consumer reporting agencies [15U.S.C. § 1681s-2]. A copy of this statute has been provided at the end of this letter with the relevant portions printed in bold face xxxxxxxxxxxx, with no doubt, acknowledged this dispute and failed to update the trade lines with all three credit bureaus. It should be noted that I, in fact, disputed these trade line with the bureaus in accordance with the Fair Credit Reporting Act. My legal cause of action is based on an adverse action taken by Citibank. In a letter that is dated August 16, 2002, denying me a credit card, Citibank explained that their decision was based upon review of my credit file as reported by Trans Union LLC. It says â??A delinquent credit obligation(s), either paid or unpaid, was recorded on your credit report.â? Yesterday, I finally had the opportunity to see my Trans Union Report with my own eyes. There are no negative remarks on this report except the unpaid charge off that xxxxxx is reporting without an â??in disputeâ? notation. I regret that this dispute has come to this. But, your failure to respond with an acceptable resolution to my dispute within 15 days of receipt of this letter will result in a civil claim being filed against your company for your violation of the Fair credit Reporting Act. The applicable portion is highlighted below. If anyone has some constructive criticism on this letter in progress, please let me know.[/color]
You would first have to dispute the inaccurate info with the CRA. Lizardking It don't have to be on your report to dispute. LB 59
[color=35007]for myself this is the case! here is the reference as to why you must dispute with the cra According to the Fair Credit Reporting Act: § 623. Responsibilities of furnishers of information to consumer reporting agencies [15 U.S.C. § 1681s-2] (a) Duty of furnishers of information to provide accurate information. (n notice of dispute. (1) In general. After receiving notice pursuant to section 611(a)(2) [§ 1681i][color=35011](this is where you disputed with the cra) of a dispute with regard to the completeness or accuracy of any information provided by a person to a consumer reporting agency, the person shall (A) conduct an investigation with respect to the disputed information; (B) review all relevant information provided by the consumer reporting agency pursuant to section 611(a)(2) [§ 1681i]; ((C) report the results of the investigation to the consumer reporting agency; and D) if the investigation finds that the information is incomplete or inaccurate, report those results to all other consumer reporting agencies to which the person furnished the information and that compile and maintain files on consumers on a nationwide basis.[/color] (2) Deadline. A person shall complete all investigations, reviews, and reports required under paragraph (1) regarding information provided by the person to a consumer reporting agency, before the expiration of the period under section 611(a)(1) [§ 1681i] within which the consumer reporting agency is required to complete actions required by that section regarding that information.. I am also interpreting this to mean that you can dispute through one cra and they(oc) must update all three cra at the end of the reinvestigation even if you did not dispute with the other cras Is that correct? anyone? [/color]
HOW DO YOU DO THIS with an account that has not been reported to a CRA? Why would you want to wait till an incorrect account hits your report before disputing it???? LB 59
