How to Get Wrong Information off Credit Report
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Posted: Mon Sep 20, 2004 12:18 am
Post subject: How to Get Wrong Information off Credit Report
jo
Date: 3/20/2001 2:20 pm CDT
Recently, I was denied credit based upon misinformation from Trans Union. Their information states that I have an undischarged bankruptcy within the past 12 months. Though I do have a bankruptcy on record, it was discharged over 4 years ago. Since then I have worked to rebuild credit, and have purchased a home. I have never been late on a payment. Throughout the lending process, I was proactive in communicating with the credit bureaus, and Trans Union was one of the bureaus that I disputed. They were to have updated their files, and I thought they had done so, now it seems that they are continuing to report innaccurately. Does anyone have advice as to how to correct this? I want this cleared up ASAP, can they be penalized for not updating my files after their investigation?
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Posted: Mon Sep 20, 2004 12:19 am
Post subject: How to Get Wrong Information off Credit Report
molley
Date: 3/20/2001 3:35 pm CDT
Jo,
There are many things you can do. The first thing I would do is get your reports from Equifax and Experian, see if the error is also on those reports. Then dispute the 2nd BK with all 3 agencies. Say something like"I am distressed that you are reporting inaccurate credit information. The Fair Credit Reporting Act requires that you report only accurate information. This BK listed is not mine." etc, etc.
They have 30 days to verify the information.If they can't verify the information they must delete it. If it comes back as verified, then you report them to the FTC, which is their boss. The credit reporting agencies are not consumer driven, they really could care less if the information is accurate or not. They are paid by lenders. I would n't say anything about the 1st BK that is listed, you have a pretty good chance of getting the 1st BK deleted also. If you do have to report them to the FTC you can do it at FTC/gov, you may have to search for it.
Send all of your corrospondence certified mail, return receipt. Watch your calander, when 30 days comes from the day when they received your letter, and they have not any corrospondence with you, then they have to delete it. You can sue them, if you threaten to do, then do it. If you do a 'credit repair search' you will come across multiple sites that will probably have sample letters posted. Try creditnet.com and go to their discussions boards. If you do get this removed,(which you will)the CRA's have to notify within 5 days if it reinserted into your report. I hope this is some help. Good Luck.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Mon Sep 20, 2004 12:20 am
Post subject: How to Get Wrong Information off Credit Report
stacey
Date: 3/23/2001 3:44 pm CDT
Hi. Sorry to hear you are/were a fellow victim of inaccurate info! Here's what I did: Check with an attorney in your state (Most offer free initial consultation) or call the legal aid. In my state the law prohibits dispensing inaccurate information when its inaccuracy is proven to have been brought to the attention of the CRA (credit reporting agency).My attorney sent an "request" to make the correction or a suit will be brought against the CRA for a n unfair and deceptive business practice, which allows for suit for treble (triple) damages! Try it! The satisfaction of turning the screws on the CRAs is tremendous! Don't EVER be apathetic or passive about your legal rights!! (No, I'm NOT an attorney!!)
Posted: Mon Sep 20, 2004 12:18 am
Post subject: How to Get Wrong Information off Credit Report
jo
Date: 3/20/2001 2:20 pm CDT
Recently, I was denied credit based upon misinformation from Trans Union. Their information states that I have an undischarged bankruptcy within the past 12 months. Though I do have a bankruptcy on record, it was discharged over 4 years ago. Since then I have worked to rebuild credit, and have purchased a home. I have never been late on a payment. Throughout the lending process, I was proactive in communicating with the credit bureaus, and Trans Union was one of the bureaus that I disputed. They were to have updated their files, and I thought they had done so, now it seems that they are continuing to report innaccurately. Does anyone have advice as to how to correct this? I want this cleared up ASAP, can they be penalized for not updating my files after their investigation?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Mon Sep 20, 2004 12:19 am
Post subject: How to Get Wrong Information off Credit Report
molley
Date: 3/20/2001 3:35 pm CDT
Jo,
There are many things you can do. The first thing I would do is get your reports from Equifax and Experian, see if the error is also on those reports. Then dispute the 2nd BK with all 3 agencies. Say something like"I am distressed that you are reporting inaccurate credit information. The Fair Credit Reporting Act requires that you report only accurate information. This BK listed is not mine." etc, etc.
They have 30 days to verify the information.If they can't verify the information they must delete it. If it comes back as verified, then you report them to the FTC, which is their boss. The credit reporting agencies are not consumer driven, they really could care less if the information is accurate or not. They are paid by lenders. I would n't say anything about the 1st BK that is listed, you have a pretty good chance of getting the 1st BK deleted also. If you do have to report them to the FTC you can do it at FTC/gov, you may have to search for it.
Send all of your corrospondence certified mail, return receipt. Watch your calander, when 30 days comes from the day when they received your letter, and they have not any corrospondence with you, then they have to delete it. You can sue them, if you threaten to do, then do it. If you do a 'credit repair search' you will come across multiple sites that will probably have sample letters posted. Try creditnet.com and go to their discussions boards. If you do get this removed,(which you will)the CRA's have to notify within 5 days if it reinserted into your report. I hope this is some help. Good Luck.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Mon Sep 20, 2004 12:20 am
Post subject: How to Get Wrong Information off Credit Report
stacey
Date: 3/23/2001 3:44 pm CDT
Hi. Sorry to hear you are/were a fellow victim of inaccurate info! Here's what I did: Check with an attorney in your state (Most offer free initial consultation) or call the legal aid. In my state the law prohibits dispensing inaccurate information when its inaccuracy is proven to have been brought to the attention of the CRA (credit reporting agency).My attorney sent an "request" to make the correction or a suit will be brought against the CRA for a n unfair and deceptive business practice, which allows for suit for treble (triple) damages! Try it! The satisfaction of turning the screws on the CRAs is tremendous! Don't EVER be apathetic or passive about your legal rights!! (No, I'm NOT an attorney!!)
posted by CardRatings.com at 11:03 AM
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