A month ago I sent a dispute letter out and have not received anything in return. I noted that the CA made a mark on all 3 of my credit reports. This cannot be done withoug being validated correct? If so, in what law does this state this fact. Thanks
Cmon Steve, We need more info. What kinda mark? They are required to "mark" as in dispute ya know. Where ya been?
It's just an insertion like any normal tradeline, excpet it's under Collection Agency. I think I got ahead of myself in saying they can't report it. They can report it, UNLESS they cannot validate it, correct?
The question is, was it on your credit report the day they received the validation letter. If yes, unless you dispute it before they provide the validation information the entry can be there. If no, then its collection activity after the validation of debts request was received, $1,000.00 violation per CRA. Thats the catch, you'ld have to have a copy of your credit reports literally the day before the validation was received, to know for certain if the entry pre-dated, or post-dated the validation request. Unfortunately the one thing that the CRAs don't report is the exact date that the tradeline was submitted, or updated. They can report it up until the day that they received the validation letter, from that day on, they can not report or VERIFY until AFTER they return the validation. Either reporting or verifying would be collection activity which is prohibited once they receive the validation letter.
