Just received online results from experian. And I have some questions. I had a car repossesed. I recovered the car and paid the loan in full. The OC had reported it as a repossession and the account was still open. Now they have it as a Paid/Repossession. Is this correct? United Credit National Bank had reported an account as Charged off. I transferred the balance after it was charged off. And now it is reported as Transferred/Account charged off. $***.** written off. And there statement : Purchased by another lender. Credit Management Inc. collection account for Insight Communications(cable provider). Account was paid off. Status: Paid/Collection account. Credit limit 875.00. High bal: 875.00. How can they report this as high credit limit and high balance and that balance was never reached.
Weekends are slow here. You'll get the best answer during the week. Overall, it looks like you still have grounds for re disputing.
What kind of dispute letter? And to whom the CRA or the OC? Especially the repossession, since it was recovered and the loan was paid as agreed. That trade-line makes it look like the car was repossessed and I just paid them what I owed. Actually one CRA is reporting the car sold and is still in repossession.
From experience on my part you get the worst online disputes from Experian. Yes you do get deletions as easy as EQ or TU but any kind of detailed information on a Experian dispute online does not get you much. After the 30 days dispute it the right way.
Can someone tell me what happens if you perform an onlinle dispute with a TL to a CRA and you dont see any results after 30 days have elapsed? What would be the next stage I should do? Thank you
Re: Re: Online dispute results. This letter disputing an item on your credit report with a credit bureau is to be sent 30 days after your original letter. Send as certified mail, return receipt requested. «Your Name» «Address1» «Address2» «City», «State» «Zip» «Company» «Address1» «Address2» «City», «State» «Zip» «Date» RE: Dispute Letter of <insert date> Dear Sir/Madame: This letter serves as formal notice of your failure to respond in a timely manner to my dispute letter of <insert date>, deposited by registered mail with the U.S. Postal Service on that date. Federal law requires you to respond within 30 days, yet you have failed to respond. Failure to comply with these federal regulations by credit reporting agencies are investigated by the Federal Trade Commission (see 15 USC 41, et seq.). I am maintaining a careful record of my communications with you on this matter, for the purpose of filing a complaint with the FTC should you continue in your non-compliance. I further remind you that, as in Wenger v. Trans Union Corp., No. 95-6445 (C.D.Cal. Nov. 14, 1995), you may be liable for your willful non-compliance. Be aware that I am making a final goodwill attempt to have you clear up this matter. You have 15 days to cure. For your benefit, and as a gesture of my goodwill, I will restate my dispute. The following information needs to be verified and deleted from the report as soon as possible: Name of Creditor/Agency, Account #_________ The listed item is completely inaccurate and incomplete, and is a very serious error in reporting. Please delete this misleading information, and supply a corrected credit profile to all creditors who have received a copy within the last 6 months, or the last 2 years for employment purposes. Additionally, please provide the name, address, and telephone number of each credit grantor or other subscriber. Under federal law, you had 30 days to complete your re-investigation, yet you have failed to respond. Do not delay further. Be advised that the description of the procedure used to determine the accuracy and completeness of the information is hereby requested as well, to be provided within 15 days of the completion of your re-investigation. Sincerely, «Signature» «Your Name» «Your SSN» ___________________ pbm | Administrator
Re: Re: Online dispute results. i dont' really know/understand the logistics of payment status regarding the tradelines...my advice would be to go to www.creditinfocenter.com and post a question for 'kb' she is great and works for a cra affiliate...she would be perfect for this question tell her (idon'tpay) sent you... but here is the link to the sample letters, maybe one could help you...not sure http://consumers.creditnet.com/straighttalk/board/forumdisplay.php?s=&forumid=25 good luck.
Re: Re: Online dispute results. I don't give them the wiggle room of 15 days more. Time is up, the statute is clear, fix it!
Re: Re: Re: Online dispute results. so you suggest the letter be edited that way? i have never had a cra take longer than 30 days...
Originally posted by claymca Just received online results from experian. And I have some questions. I had a car repossesed. I recovered the car and paid the loan in full. The OC had reported it as a repossession and the account was still open. Now they have it as a Paid/Repossession. Is this correct? No if you retained the vehical and paid, technically the tradeline should be showing as redeemed/paid. You can contact the creditor directly on the matter or dispute with the credit reporting agency. Either to update or have deleted if possible since this is negatively affecting your credit by either reporting. United Credit National Bank had reported an account as Charged off. I transferred the balance after it was charged off. And now it is reported as Transferred/Account charged off. $***.** written off. And there statement : Purchased by another lender. Technically this one is reporting correctly; again if you can spam dispute the CRA; trial & error might just bump it off report. Many people will dispute as "no knowledge of account" in the hopes that the creditor will fail to respond to the CRAs request for verification; resulting in deletion. Credit Management Inc. collection account for Insight Communications(cable provider). Account was paid off. Status: Paid/Collection account. Credit limit 875.00. High bal: 875.00. How can they report this as high credit limit and high balance and that balance was never reached. Definitely want to dispute this account as having a balance when it has been paid. They should be showing zero balance on here. Try disputing first with the CRAs. Recommend disputing only in writing with Experian since the online forms are very brief in what you can say, and also when disputing by mail, you can keep better documenation of the letters and also send in certified return request recipt (forgive me if I said that wrong) but you will find slips at the post office that say something to this affect; but this is to have proof as to when they received the disputes. So should they go past the 30 days; you can forward copies of the recipts and ask that they remove the information since they failed to verifiy in aloted time. Now they can still add the information back after the 30 days, but they must give you written notification when this happens, if you do see the information reinserted without the notification. Then you just write back and point this out to them their failure to notify you and that you now want the information removed for good. Experian PO Box 2002 Allen, TX 75013 Hope this helps, kb9tbq [/QUOTE]
Originally posted by claymca Just received online results from experian. And I have some questions. I had a car repossesed. I recovered the car and paid the loan in full. The OC had reported it as a repossession and the account was still open. Now they have it as a Paid/Repossession. Is this correct? No if you retained the vehical and paid, technically the tradeline should be showing as redeemed/paid. You can contact the creditor directly on the matter or dispute with the credit reporting agency. Either to update or have deleted if possible since this is negatively affecting your credit by either reporting. United Credit National Bank had reported an account as Charged off. I transferred the balance after it was charged off. And now it is reported as Transferred/Account charged off. $***.** written off. And there statement : Purchased by another lender. Technically this one is reporting correctly; again if you can spam dispute the CRA; trial & error might just bump it off report. Many people will dispute as "no knowledge of account" in the hopes that the creditor will fail to respond to the CRAs request for verification; resulting in deletion. Credit Management Inc. collection account for Insight Communications(cable provider). Account was paid off. Status: Paid/Collection account. Credit limit 875.00. High bal: 875.00. How can they report this as high credit limit and high balance and that balance was never reached. Definitely want to dispute this account as having a balance when it has been paid. They should be showing zero balance on here. Try disputing first with the CRAs. Recommend disputing only in writing with Experian since the online forms are very brief in what you can say, and also when disputing by mail, you can keep better documenation of the letters and also send in certified return request recipt (forgive me if I said that wrong) but you will find slips at the post office that say something to this affect; but this is to have proof as to when they received the disputes. So should they go past the 30 days; you can forward copies of the recipts and ask that they remove the information since they failed to verifiy in aloted time. Now they can still add the information back after the 30 days, but they must give you written notification with in 5 business days when this happens, if you do see the information reinserted without the notification. Then you just write back and point this out to them their failure to notify you and that you now want the information removed for good. Experian PO Box 2002 Allen, TX 75013 Hope this helps, kb9tbq
kb, it was soooo good you had to say it twice!!! j/k see i knew you would know the answers to that question...now i just hope that clayma comes back and sees your answer... i just love team work!
