i just got off the phone with blake from wells fargo. i told him that he is reporting the last date of activity wrong they are using the date they got paid by judgement.(the judgement fell off but not this) not the date of last activity i told him he was violting the fair credit reporting act and he must report it within 180 days of the deliquincy which would have been 8 yrs ago he said if i could fax him the paragraph he would fax me a letter now changing the date somebody give me the link please
GHONEY: I don't know how to do a link but here it isc) Running of reporting period. (1) In general. The 7-year period referred to in paragraphs (4) and (6) ** of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action. Hope this helps. Bobbi
Not sure which part you need so here it is: § 605. Requirements relating to information contained in consumer reports [15 U.S.C. § 1681c] (a) Information excluded from consumer reports. Except as authorized under subsection (b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information: (1) Cases under title 11 [United States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years. (2) Civil suits, civil judgments, and records of arrest that from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period. (3) Paid tax liens which, from date of payment, antedate the report by more than seven years. (4) Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years.(1) (5) Any other adverse item of information, other than records of convictions of crimes which antedates the report by more than seven years. (c) Running of reporting period. (1) In general. The 7-year period referred to in paragraphs (4) and (6) ** of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action. (2) Effective date. Paragraph (1) shall apply only to items of information added to the file of a consumer on or after the date that is 455 days after the date of enactment of the Consumer Credit Reporting Reform Act of 1996.
I had this same problem yesterday with a school I attended. The equifax rep asked the lady..What action was taken on your last date of activity..she told them..we transferred it...equifax says..this is not activity..you can't report this....GONE!!!
well..... what a waste of time this turned out to be blake from wffs finacial informed me since they never sent this item to collection that part of the fair credit reporting act does not apply and the date of 10/97 will stick.. someone please help me i am down to 4 negs on my tu and i would like this off they got there money so i dont understand why i am getting no cooperation
Well, you should inform Mr. Blake he is full of #$%@. The FCRA refers to accounts placed for collection either with an outside agency or internally. (c) Running of reporting period. (1) In general. The 7-year period referred to in paragraphs (4) and (6) ** of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.
i did and i faxed him a actual copy he said he checked with his legal department and that is the way it has be i want it off do you have a angle maybe that i could try...
Send a complaint to your state atty. general and the atty general in the state they are in. Short of suing them, that's about all you can do. Did the judgment fall off due to the 7 years? If so, there is absolutely no way the last activity came after the judgment date.
I will double-guarantee you no one checked with any legal department. Unless you live in Maryland, you should call them again and tape the whole d^&n conversation. Then play it back. See what they say then.
the judgement was in 96 and it fell off because junum disputed it and they did not verify. we have our car financed threw wells fargo now if i new they were going to give me this kinda problem i would have went elsewere.. the kicker this loan wasnt even theirs it was norwest financial who they bought out and changed the name. i need to get this off so what should i say to the att gen?
