Do most companies respond to a planetfeedback letter via US mail or on-line (email or PFB)? I used it for the first time two weeks ago to ask Bally's to accurately report a positive tradeline to Equifax (it's currently reported to TU and EXP only). I haven't heard back yet and was curious: Has anyone had any success doing this i.e. using PFB to contact Bally's, or getting Bally's or anyone else to report to all 3 CRAs? Thanks!
From the horse's mouth @ Equifax: no. Lenders/Creditors pay a hefty client fee to the CRAs, and only those who can afford it report to all 3 bureaus. It wouldn't profit Bally's to make an exception for one person.
Don't creditors simply pay a subscription fee to the CRAs, which allows them to both pull reports and report tradelines? Or do they pay per transaction?
Let me rephrase that: if Bally's subscribes (i.e. pays this client fee) to EQ, it costs them nothing except their time to report my tradeline, right? RIna, what you're saying is that most creditors subscribe to 1-2 but not 3 CRAs? Thanks!
Depends on how big the creditor is. If they're small, they'll probably just subscribe to one CRA. To answer your first question, yes, if they subscribe to the CRA all they need to do it report the tradeline.
