I know that I must be in lala land this morning or not enough coffee but how would I verify the actual DOLA on an account when it shows up from several (approx 5-6 years) ago and I have no records. am i dependant on vl for this or what? the CRA does not have this info as best as i can tell and the CA refuses to commit to it as they say the DOLA is the day they bought it from the OC........somebody please clarify.
The CA's position is contrary to FCRA. The CRA can't comply with FCRA if they don't have this information.
If they cannot verify the actual DOLA (180 days before charge off from OC) then their listing is inaccurate or incomplete and via the FCRA, it must be deleted! I would press the issue with the CRA.
If that's what the CA has reported, sue them IMMEDIATELY for re-aging. 1. The OC wouldn't have sold the account to a CA if it were not already in a state of default. 2. The FCRA defines the "Status Date" as teh date the first payment is missed thet led to the default. That date is a "date-certain" and any other owners of the debt step into that date as a Status Date. Purchasing the account does not change the Status date. 3. The FTC made this matter abundantly clear in the Amason letter ( http://www.ftc.gov/os/statutes/fcra/amason.htm ) which should be required reading for all Credit-Netters. If tha CA hasn't read it yet, I would be happy to read it to them in Court. It would cost them $1000 for the privelege.
