OC VALIDATION

here is a letter for you:

Dear CRA,

The xxxxxxx tradeline account #xxxxxx is not mine. Please remove.

Thank you,

Yummycakes

 

yummycakes,

I am in the same boat as you, it seems there is ton info on collection agencies but verry little on original creditors.

I guess more to the point, after validation is requested should one send stopel next just like CA?

 

My understanding of the FCRA is that any furnisher of information to a CRA has the obligation to make sure it is correct. If an OC is reporting incorrect informarion to the CRA(s) then they are in violation of the FCRA. And, once again if I remember correctly, OC's verify while CA's validate. So you could send a "validation" but using "verify" instead of "validate" and request that they prove the amount they are reporting.

As for why not to contact an OC, I would say it's partly because many of them keep good records and play by slightly different rules than a CA would. Also partly because you may be able to go back to them in the future and negotiate paying the debt for a deletion of the trade line or change to paid/never late/closed by oonsumer. I'm not a 100% sure on this myself :/

Personally, I wouldn't contact an OC unless I knew something was wrong ie never had an account with them, know I paid it in full, know the amount, etc they are reporting is in error.

I disputed an OC as paid in full/closed by me on TU and the tradeline went away, not sure why.

If I'm wrong on this, someone please correct me