cinnamngrl

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Everything posted by cinnamngrl

  1. The suggestions I've made actually work. I think you should try it before you knock it. How about a wager for the cost of the postage.
  2. IIbI am not arguing with you, I am trying make suggestions to help the OP.
  3. http://www.uclalawreview.org/fighting-unfair-credit-reports-a-proposal-to-give-consumers-more-power-to-enforce-the-fair-credit-reporting-act-2/ You'll enjoy this article. It Identifies all the weaknesses that you're, however the private right of action does exist. would you be willing to try to do things a little bit differently and see what happens?
  4. No, not as important as improving your credit score. Prove me wrong in a way that's actually meaningful. Try this method, by fully following directions as given, and see what happens. This exchange isn't accomplishing anything for me or the original poster. Playing Gotcha doesn't help anyone.
  5. a Is that what you care about here? Whether I am quoting the law incorrectly? For the price of 2 or 3 cmrrr, I think this could help you.
  6. § 623 - 15 U.S.C. § 1681s-2 8 E.iii says that they are required to respond we can keep going back and forth or you can give it another try and prove me wrong
  7. The law requires that the credit furnisher respond to the specific dispute.
  8. file a complaint with a federal regulating agency. This is not a reasonable response. Look would you be willing to try the 623 method on your OC's?
  9. If you dispute the information they have to investigate. if you can show proof how the balance is different than $5000 then they have to correct it or delete.
  10. The law states that furnisher has to make a reasonable effort to investigate the dispute. (E) Duty of person after receiving notice of dispute. After receiving a notice of dispute from a consumer pursuant to subparagraph (D), the person that provided the information in dispute to a consumer reporting agency shall – (i) conduct an investigation with respect to the disputed information; (ii) review all relevant information provided by the consumer with the notice; (iii) complete such person’s investigation of the dispute and report the results of the investigation to the consumer before the expiration of the period under section 611(a)(1) within which a consumer reporting agency would be required to complete its action if the consumer had elected to dispute the information under that section; and 84 § 623 - 15 U.S.C. § 1681s-2 (iv) if the investigation finds that the information reported was inaccurate, promptly notify each consumer reporting agency to which the person furnished the inaccurate information of that determination and provide to the agency any correction to that information that is necessary to make the information provided by the person accurate.
  11. How many deletions, and how many non deletions? Are you saying that you have not contacted the credit furnishers?
  12. They can't provide information to the CRA that they refuse to provide to the consumer. That how a real MOV works and why I think that it is part of the 623 method .
  13. If you had contacted the credit furnisher directly, you would be able to prove whether the information was correct. 1. The data that the furnisher sends you must equal the information they send the CRA. 2. The CRA does not have to investigate anything but whether they are reporting the information they get.
  14. How do you "prove information provided and verified was incorrect..." without a 623 inquiry ? Let me put a different way, describe the last response you got to an MOV?
  15. Ok, explain how MOV can be effective without using data from the original data furnisher.
  16. If you dispute first with the CRA, then directly with credit furnisher. The furnisher is subject to 1k penalty per violation for sending information to the CRA that they can't or won't conduct a reasonable investigation. The combination is important if you only dispute directly with the credit furnisher then there is no penalty for not having records they still have to fix them but there's no legal penalty. $1000 is a fairly low fine and if that's what you mean by no teeth you have to remember that in these lawsuits the victim will recover all legal costs as well. But I find the best thing to do at this point is to file a complaint with the federal regulatory agency.
  17. 1. This website actually has a great explanation of The 623 method. For some reason I can't paste the link from my iPad. 2. If you start by disputing with the CRA and then dispute with credit furnisher, and that furnisher does not respond with evidence to support/agree with what that credit furnisher is telling the CRA then that company is liable. This method has worked very well for me, I am sorry you don't understand it. My best example would be Bank of America. I had several negative Bank of America entries on my credit report. One was so old it was actually listed as Fleet Bank. I sent several different letters to Bank of America disputing this account. Turns out this was actually a collection agency account and they listed it on my credit report as fleet bank but it was actually being furnished by collection agency. So in the same week I received two different responses one was a letter from Bank of America saying that won't have any record of this negative account and one was a phone call from someone at Bank of America saying the information was accurate. I pointed out that I was holding a letter in my hand that said they did not have records of the account and they would contact the three credit reporting agency's to delete the entry. Another negative account was A visa that I had paid off but there were they seem to have some records of late payments. When I contacted Bank of America they stated that they would drop all lates older than two years as policy. I provided records of my own that disputed a couple of late payments and they deleted the whole account.
  18. I am not knocking MOV. The two things are not mutually exclusive. Basically you are saying to the CRA that "how can you report this when I can't even get the trade line reporter (original creditor) to reply to my inquiry?" CRA's use an internal electronic system that verifies only whether they are reporting the information that the company send them. Credit reporting agency's do not make any independent information of whether that information is accurate. 623 is the section of the law that guarantees you a right to a response from the original creditor. The original creditor has to send you records that support the way they're reporting your account to the credit reporting agency's. True, The law does not require them to make any response but they can't continue to report your account if they can't Reproduce the same data that causes them to report the Account as delinquent. The law does say that the reasonable time period is the same as defined in 611 1. (30 days). So I would point out that method of verification would not work very well unless you've already made a 623 inquiry.
  19. § 623 - 15 U.S.C. § 1681s-2page90image1080 (E) Duty of person after receiving notice of dispute. After receiving a notice of dispute from a consumer pursuant to subparagraph (D), the person that provided the information in dispute to a consumer reporting agency shall – (i) conduct an investigation with respect to the disputed infor- mation; (ii) review all relevant information provided by the consumer with the notice; (iii) complete such person’s investigation of the dispute and re- port the results of the investigation to the consumer before the expiration of the period under section 611(a)(1)within which a consumer reporting agency would be required to complete its action if the consumer had elected to dispute the information under that section; and (iv) if the investigation finds that the information reported was inaccurate, promptly notify each consumer reporting agen- cy to which the person furnished the inaccurate informa- tion of that determination and provide to the agency any correction to that information that is necessary to make the information provided by the person accurate. The time period is 30 days
  20. Ok so I understand you. You sent dispute letters to the credit reporting agency's. The credit reporting agency's verify the trade lines. Then you said method of verification letters to who? I do 623 like this I send a dispute letter to the credit reporting agency. They verify. Then I send a letter to the owner of the trade line. This letter asks for records of the the account that explains how the trade line is reported. Wait 30 days. No response= deletion required by federal law.