I Spoke To Verizon Today To Ask Them To Stop Reporting Me Late Recently Since I Dont Have An Account With Them Since 04/05 Which Is When I Paid Them Off, Which I Understand To Be Marked Paid Charge Off. But Not To Report Every Month After I Paid Them Off 90 Days Late, I Feels Like They Are Screwing Me, Its Just Like I Didn;t Pay Them. And They Stated They Could Do That Because That Is The Law And They Could Do That, So I Told Them That Was Against The Law But They Said No, So I Called Cra Eq And They Said That They Have To Report What The Oc State, But I Told Them Thats Not Fair If They Are Already Paid Why Would They Report Me Presently Late If They Are Paid Since 04/05 And The Most Recent Late They Report Is 06/06, So Body Please Guide Me To When I Can Find The Law Because I Have Read Frca And I Cant Find Anything.
Have you pulled paper copies of your 3 credit reports? Are they showing this as a currently 90 days late account each month? What effect does this have on your FICO scores, have you been refused credit as a result, and do you have any other negative information on your reports? If as you say, it is appearing continually as a recent late paid chargeoff, it will likely carry its damage forward indefinitely, unless you do something. You are already at an impass with both Verizon and the CRA. You may want to run this by a consumer attorney specializing in FCRA law. See www.naca.net
ontrack, yes they continue to report 90 days late but only on eq not on tu or exp, they report me on exp and tu as current not late, but it still says paid chrage off on since 04/05 , which i could live with that since they keep reporting after that current no lates, yes i have been denied credit because of that . to be honset with you my credit with tu is 654, exp 662 and eq is 588 , last month i was at 624 and because of the late reports it keeps bringing me down, and its because they keep reporting the lates every month. does that make sense. i dont owe anything else i have a credit card 12K limit and the balance is under 6K to be under the 50% ratioi have other cards with o balances credit limits ranging from 550 to 2K but i dont owe anything. i have lates besides that account but those were for over 18 months ago , so they should not affect me as bad since they were paid. what can i do i dont if to sue or theres anything i could send them stating that they cant keep reporting me late since they have been paid in full.i do under stand that they have to report me late before i paid them but not after. this is what they do they report me late one month and not the other and then again they report me. and then no. so i am confused there has to be a law against this. thanks
It looks like they are reporting erroneously, in violation of the FCRA requirement to report accurately, you have disputed, and they have basically told you they are reporting the way they intend to (even if the people reporting or contacted are too incompetent to know the erroneous nature of what they are reporting). It also looks like this error is having a major negative effect on reports from the one CRA that shows the error. Contact an attorney. You are not going to fix this talking to clerks on the phone. You might also file a complaint with your state AG, since that will likely lead to your complaint being passed to someone in their legal or regulatory compliance department instead of lower level phone clerks. No reason not to go down both paths, and see what fixes it faster. The violations, and resulting damage, already exist, even if they finally fix your reports.
Nightmare i finally got the previous payment history removed in the beggining of july, and i now received the eq report 08/14/06 and they reported me on 07/2006 as a L meaning charge off over 180 days under payment history , this is crazy and i have the prior report from equifax were they removed the payment history since the account was closed and paid 04/05/2005, stating that the account was reported paid charge off as of 04/02/05. so i called them asking if they could do that and they said yes, i said no way they can not report current payment history on an account that was closed on 04/05/05. and its now august 2006. i am not arguing the prior payment history before i paid it off. i am talking about afterward. i have zero balance with this company and it was closed on 04/02/05. and i have a letter from them stating that account was paid in full dated 05/10/05. so i contacted the ftc and they state that they could report it as of paid charge off 04/02/05, but not report current payment history when i dont have an account with them. the point is the account was closed 04/05, how can they continue access my account. please advice.
Send your dispute in writing to FTC, who can forward it. The CRA may, or may not correct it this time either, but you will have established that either the OC or the CRA have failed to correct after several disputes. If that doesn't work, get an attorney. You have all the documentation you need.
I should think a well written ITS letter sent to Verizon's legal dept. would yield quicker results. Just my opinion though.
I have a better idea hersey. Call this number 1-800-846-5279, the office of consumer affairs for Eq. Ask for a Ms. Edwards(Supervisor), only speak to her! explain nicely that this was paid off on 04-05 and the OC keeps reporting it as a "Recent" late payment. Explain to her that this is killing your score. She might ask you to fax a copy of a statement proving this was paid on that date. I might also suggest you get the free 30 days score watch or credit gold watch. Make sure you say to her you are a member of an Eq product and would like to continue to be(and then just cancel afterwards). Also explain that they keep reporting this and you would appriciate she remove it if possible because of the damage it has caused to your score for the last year. She removed a chargeoff for me for this same reason without any investigation. She alone has the authority to delete any time she see's fit to. But be nice!
Thanks I Will Try Calling Her, Also Do You Recommend To File A Complaint With The Ftc Or Bbb, Or Send A Thru Planet Feedback, I Dont Know Because Since The Reported It Charged Off Again Last Month My Credit Went From A 670 To A 644. Just Because Of That I Dont Have Any Thing Else Negative On My Credit. Besides Two Lates From Another Account For Credit Back In 2003 .
i spoke to her today and she said that i have to still wait 21-30 days so they could disputed, and i told her that her company did that last month and they removed all the incorrect recent late payments all they way back to april of 2005 , so why would they do that all over again , and she said because if something recent change in my payment history , and i told her how can it if it is closed since 04/02/2005. and it reports on my credit file that the account was closed in april 2005, and she replied that is how it works. i told her thats not fair because it was all verified before and i faxed her a copy of the prior report removing the stuff as proof, but that wasn't good enough. so i wanted to be nice and said ok, but inside of me i am fuming , what happens if i file a complaint with the ftc, how does it work.
Call FTC and find out. They have a program where they forward complaints to the CRAs where the consumer has already used the usual complaint mechanisms with an inadequate response. You would expect that if a CRA received a complaint that way, they would handle it in a more careful manner. FTC tracks a sampling of the responses, the statistical results of which you can see in their recent report to Congress. You are dealing with an OC deliberately reporting erroneously, whether they know what they should be doing or not, and a CRA that is avoiding responsibility for the obvious errors. You might ask FTC if Verizon's actions are an unfair trade practice, since by deliberately reaging your negative information on the closed and paid account, they ensure that other competitors will probably offer you poorer terms (perhaps requiring deposits, etc.). With new monthly "payment history" added on a closed account, this damage could continue indefinitely. Verizon may as a result be the most "competitive" phone company for you due to their reporting. A 70 point FICO score difference shows that what they are posting is clearly damaging. With all the smoke they are blowing, you may need an attorney with experience in FCRA law to sort this out. You might check under: www.naca.net
called equifax explained the situtaion , and they said i have to wait 21 days to 30 days, an i am like we already did this last month, and she said but we have to do it again, i told her that i disagree with them because it's obvious they are reporting incorrect specialy on an account that has been closed for over a year,and they contuine to report current payment history as a charge off, and she said they have to report what the creditors are telling them, so i call verizon collection recovery department and said that they have a block on the account and that the account has been closed in 04/02/05 paid in full, and she said that is equifax fault for reporting incorrect, so i ask her for letter stating that and she said she cant send any type of letter with out going thru there legal department and said ok so let me talk to them and she said that they dont talk to customers, yeah right. so i called the executive office and with the lady i spoke to last month and she said that she remembered and can not believe that has not been fixed and that she was going to get a hold of collection depart to put rush in to fix and she appoligized, and i told her its not about appolgizing its about getting stuff done, and not hurting a consumer who doesn't owe anything and actually paid you off along time ago. with letter confirming my account being paid in full from verizon and still having problems. so i told the lady from equif that i am going to have to contact ftc to see what they say about that , because they say they are reporting the stuff correctly and theres nothing ftc could do, i responded to her do you know who governs your orginazation , so i think that they can help me. one more thing i just my fico i saw in transunion 3 accounts for verizon 2 are duplicates and disputed them as dupicated and they came verified and they reporting correctly. what nerve. especialy when i only had two accounts not three.
"so i called the executive office and with the lady i spoke to last month and she said that she remembered and can not believe that has not been fixed and that she was going to get a hold of collection depart to put rush in to fix and she appoligized, and i told her its not about appolgizing its about getting stuff done, and not hurting a consumer who doesn't owe anything and actually paid you off along time ago. with letter confirming my account being paid in full from verizon and still having problems." When you get to the point where you have an agreement with someone to correct a problem, insist that they send you a letter to that effect. You then have a record for your files of who you spoke to and what they agreed to do, that they are more likely to believe than anything you tell them. You would be surprised how many times it still doesn't get fixed, or the person you spoke to changes jobs, or it gets fixed but pops up again a year later. Instead of someone telling you they will have to research it and get back to you, and around and around you go again, you tell them they already fixed it once, fax them their own letter, and their path of least resistance is to just fix it immediately.
ontrack , i did receive letter from them originaly back in 05/10/05 saying it was paid in full and i have a zero balance. but that wasn't good enough for equi they need to verifiy the letter. so thats when i put in a complaint via planet feed back. and this lady from the executive office got involved, and she said that she would get fixed , then on june 27 i receive a letter from from her stating for me to please accept this letter in confirmation of our agreement to settle the above accounts for the settle amount agreed upon, and that your payment was processed and the account has been closed with a zero balance and they will be reporting it to the three bureas to report this account as paid charge off. .... when i received this letter i was pissed because she is making it seem that i just recently settle with them which is a lie i paid them off 04/02/05 and there collection department also verified that was the date i paid them off in full an i had a zero balance and the account was closed. so how can they contridict what is actually the truth, i have the first letter which i received from them 05/10/05 saying sorry for the inconvience and that this letter as a confirmation that the account is paid in full and i have a zero, an appoligize for any inconvenice this has caused. what should i do , i didn't send the second letter i received to equif , because honestly it would hurt me even more, would that letter demand to prove it or remove it work or would that letter intent to file a complaint work with the ftc work, what do u suggest.
help please ok i received my equifax report and states that verizon verified as reported correctly, so under current status it states charge off , type of account open and under additional information paid-charge off. payment history 07/06 charge off, date of last payment 04/05 account activity paid current balance $0 , date of last activity 10/2003. ... so can you explain to me how the current status charge off, when in fact it is paid off $0 balance and how can they report current account activity when its a closed account. what should i do, i sent equifax the letters i received from verizon from 05/10/05 saying the accounts have been paid in full, but basicly they are ignoring the letters which are direct from the oc. so i contacted the verizon collection , department and they stated that credit company is who is reporting it like that , because i don't owe them anything and that the account was paid in 04/02/05, so i told them so why are you verify everytime i dispute it, as reported correctly, when your company no its not, true.basicly it sounds like the are just washing there hands and blaming it on equifax,so what should i do report it to ftc. please help , i need to get this fixed because i am trying to get a loan and this is hurting me. please help
