mahouston Posted December 8, 2004 Report Share Posted December 8, 2004 I hope this is the right area to post this. If not, please let me know.I have started a petition to the Federal Trade Commission re: Experian's practice of updating the Date of Status to the day of dispute and verification ( i use that term loosely) and not making a date of deliquency available to the consumer, Fico or the lender. Thereby, reaging the tradelines to Fico and lenders because the Date of Status is picked up by their scoring models as the date of deliquency. This is punishment and retaliation for disputing.I am submitting this petition at the first of the year demanding a full investigation and immediate attention to this problem. I also submitted editorials to local news stations, BBB, Attorney General's office, The San Francisco Chronicle, New York Times and USA Today. Please give this link to whomever would like to see an investigation into this practice. The petition statement is available at the link>Thank you! http://www.petitiononline.com/CRA2004/petition.html Link to comment Share on other sites More sharing options...
hendu Posted December 8, 2004 Report Share Posted December 8, 2004 Thank you!!!!!!!!! mahouston! I cannot stand EXP! They are the only CRA that gives me fits! Link to comment Share on other sites More sharing options...
NefertitiX Posted December 9, 2004 Report Share Posted December 9, 2004 Great, this is a despicable practice and I hope this petition is successful. Link to comment Share on other sites More sharing options...
mahouston Posted December 9, 2004 Author Report Share Posted December 9, 2004 I know this is my first post here, but what a warm welcome. WOW, thank you and I just couldn't take it anymore.I have FOUR tradelines on all my reports. Two positives, Credit line for 1500, paid never late, and 3000 paid never late.I have two negs. One sears, and one sherman collection agency. Charge offs from 2002. Because of updating Date of Status, although i have had no neg history in two years.. my score is 540 for experian.I have been in data base since 1991, only two negs. Ever. Total amt owed 1,030.00. I applied for mortage through wells fargo thinking my score would be well over 600. yeah right. I started looking for help and found credit forums. wow, I am not alone at least!This makes FICO think I just defaulted on this acct, because of Date of Status 10/2004.I am not shutting up about it, till somebody makes me. Link to comment Share on other sites More sharing options...
jordanmorganusa Posted December 9, 2004 Report Share Posted December 9, 2004 My aunt works for one of the largest newspapers ont he East Coast. I can talk to her about getting your editorial in there. Link to comment Share on other sites More sharing options...
bluealex915 Posted December 9, 2004 Report Share Posted December 9, 2004 You are right on the money with this one, There should be some big A$$ fines for Experian from the FTC in my opinion. If there is ever a class action in regards to this you could probibly include every member of the Credit Info Center, something to think about.Good luck and right on!!!!!!!! Link to comment Share on other sites More sharing options...
mnorwood Posted December 9, 2004 Report Share Posted December 9, 2004 Great!!!!!! Thanks for doing this. Link to comment Share on other sites More sharing options...
gprncss Posted December 9, 2004 Report Share Posted December 9, 2004 I am so there!!! Link to comment Share on other sites More sharing options...
miracle Posted December 9, 2004 Report Share Posted December 9, 2004 Cool! Link to comment Share on other sites More sharing options...
manucci Posted December 29, 2004 Report Share Posted December 29, 2004 Hello:Experian just changed the CO of Amex from 08/2000 to 12/2004. they say they verified it. They asked for it, and now, I am ready to take both of them to court.Sincerely,Michael Link to comment Share on other sites More sharing options...
violetstar Posted December 30, 2004 Report Share Posted December 30, 2004 I have also signed. This is great. This practice needs to stop! Link to comment Share on other sites More sharing options...
workinninetofive Posted December 30, 2004 Report Share Posted December 30, 2004 Good job, I just signed it... I made a MILLION ... go get em!! Link to comment Share on other sites More sharing options...
boogaloo Posted December 30, 2004 Report Share Posted December 30, 2004 Signed! Link to comment Share on other sites More sharing options...
DocDon Posted December 30, 2004 Report Share Posted December 30, 2004 What a great idea. I hope it hits 1,000+ signatures. Link to comment Share on other sites More sharing options...
Rezin Posted December 30, 2004 Report Share Posted December 30, 2004 336 here! Link to comment Share on other sites More sharing options...
muneca2 Posted December 30, 2004 Report Share Posted December 30, 2004 This is great. definetely, ths practice needs to stop, the sooner the better....thanks....#339 Link to comment Share on other sites More sharing options...
crazeedazee02 Posted December 30, 2004 Report Share Posted December 30, 2004 #340. Thanks for pointing out this horrible practice! Link to comment Share on other sites More sharing options...
jordanmorganusa Posted December 30, 2004 Report Share Posted December 30, 2004 Everyone, please consider going back and erasing your number, CA's troll here and on other boards. They might decide to make problems for you, based solely on your name. Just a thought, do what you wish, but they are unholy, I swear... Link to comment Share on other sites More sharing options...
admin Posted December 30, 2004 Report Share Posted December 30, 2004 My aunt works for one of the largest newspapers ont he East Coast. I can talk to her about getting your editorial in there.This is what your editor should also post...For Immediate Release: Contact: Kristy WelshDec 30, 2004 [email protected] 480 990 3938The Frightening Truth - Credit Bureaus Don't Really "Investigate" YourDisputesScottsdale, Arizona - Victims of identity theft are further hampered bya lack of diligence on the part of the nation's three major creditbureaus. Even consumers not victims of identity theft have a 1-in-3chance of having bad information on their report, according the FederalTrade Commission. "If consumers aren't able to get a fair shake duringcredit disputes, they could be paying thousands of extra dollars peryear in interest and insurance rates due to the sloppy methods employedthe credit bureaus," says Kristy Welsh, editor of creditinfocenter.com.The three major credit bureaus, Experian, Equifax and Trans Union, havea system available through their websites for on-line consumerdisputes. Consumers can also request an investigation in writing theold-fashioned way, or over the telephone. With all these tools, falseinformation should be a piece of cake to get off of your report, right?Wrong, says Welsh.Welsh was made aware of just how careless the credit bureaus are duringa recent refinance of her home. Her Equifax report revealed a false taxlien; she disputed it in writing and was dumbfounded when the tax lienwas "verified", and would remain. She called Equifax to ask how theyverified the tax lien, as was her right under the Fair Credit ReportingAct (FCRA). The agent had no information, and frustrated, Welsh askedEquifax rep if the courthouse where the lien was recorded had beencontacted. She was informed that creditors were never contacteddirectly. Welsh called the Missouri courthouse herself, verified itwasn't hers and got a name and number, and pressured Equifax to callthe court clerk, or face legal action. The lien was removed. So how do the credit bureaus handle consumer disputes? They all use anautomated system called e-Oscar. Consumer disputes are reduced to a2-digit code ("not mine", for example) and the dispute is submittedelectronically through e-Oscar. Any supporting documentation sent bythe consumer is not passed along. The creditor reporting theinformation is never contacted. Recent court rulings, such as Cushmanv TransUnion, Stevenson v. TRW (Experian), and Richardson v. Fleet,Equifax, et al, have determined each time that a credit bureau can'tmerely "parrot" information from the creditors and collection agencies;under the FCRA, they have to conduct an independent reasonableinvestigation to ensure the validity of the dispute."The average consumer probably wouldn't be as tenacious as I was, andwould have dropped the matter," says Welsh.For more information on e-Oscar:Consumer Data Industry AssociationPhone: (866) 696-7227 Website: http://www.cdiaonline.org/eoscar/index.cfmCredit Bureau Contact information:Equifax: http://www.equifax.comExperian: http://www.experian.comTransUnion: http://www.transunion.com### Link to comment Share on other sites More sharing options...
jordanmorganusa Posted December 31, 2004 Report Share Posted December 31, 2004 I'll email it to her tomorrow. Link to comment Share on other sites More sharing options...
bigdaddyroy Posted December 31, 2004 Report Share Posted December 31, 2004 Just signed. Signature 343. Let's keep this thing moving on up! POWER TO THE PEOPLE!!! Link to comment Share on other sites More sharing options...
workinninetofive Posted December 31, 2004 Report Share Posted December 31, 2004 Everyone, please consider going back and erasing your number, CA's troll here and on other boards. They might decide to make problems for you, based solely on your name. Just a thought, do what you wish, but they are unholy, I swear...She makes a very good point... I didn't think about it. The trolls are evil Link to comment Share on other sites More sharing options...
jordanmorganusa Posted December 31, 2004 Report Share Posted December 31, 2004 You think I'm kidding? I had a CA bring up posts of mine in small claims court. This was a few years ago when I first came across this and other forums. I think it was the specifics of the company, I'm not sure (the judge didn't care, either,I won). But connecting your number to the name on the petition is far too easy...Should you fear them? No. But why make it easy on them to cause you problems? Link to comment Share on other sites More sharing options...
sxxx Posted February 21, 2005 Report Share Posted February 21, 2005 Hello anyone,Does date of status change when you paid the collection agency or original creditor, and since this is affecting the score can we dispute it. As I look over my reports, they have change alot of accounts to the verified date Link to comment Share on other sites More sharing options...
mnorwood Posted July 8, 2005 Report Share Posted July 8, 2005 OP...What ever happend with this petition? Link to comment Share on other sites More sharing options...
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