bluealex915 Posted December 9, 2004 Report Posted December 9, 2004 I just got back one of my CHOD results from EQ for two trade lines, they both came back verified. So I know now that I go on to request a PR but I have a question.On the back of my letter from EQ there is a section called " notice to consumers ". Under this section EQ gives a very general description of what appears to be there verification process to consumers disputes.It is just a general form letter type of answer but they still provided it along with my " verified " results. I have often wondered if the CRA does this would it be considered a valid response for the request of a PR. I mean it looks like the CRA's are trying to kill two birds with one stone here by already giving you a general verification decsription. What is everyones opinion of this and would EQ's defense of " we allready provided PR description to the consumer at the time of the verified letter " hold up in court? Take a look at the next dispute response letter you get from EQ and see what I am talking about. I think that EX does something very similair. Does this general statement about thier PR procedures meet the standard set by the FCRA?Thanks..............
luckyduck Posted December 11, 2004 Report Posted December 11, 2004 They have to tell you what means of verification they used with each individual TL. Was it telephone, fax, electronic, mail, etc...Just saying they contacted does not tell you HOW they verified with the OC/CA.They also have to give you the name, address, telephone (if available) that they used to verify. This could be different from the one disclosed on the report.
c m chase Posted December 11, 2004 Report Posted December 11, 2004 This is true...though I've not once heard of a CRA responding to a PR fully.
bluealex915 Posted December 11, 2004 Author Report Posted December 11, 2004 Thanks a whole bunch, I get it now. I just wanted to be sure though. It does seem that the CRA's don't give a crap about the FCRA as a whole. I believe that the educated consumer can make them understand the FCRA is not toilet paper.Keep fighting the good fight and happy holidays to everyone.........
luckyduck Posted December 11, 2004 Report Posted December 11, 2004 believe that the educated consumer can make them understand the FCRA is not toilet paperLitigation makes them respond. Litigation however, is still not enough to make them "understand", or adhere to regulatory guidelines.Do let them know that you are educated in the laws, and specify what you are requesting. Some do get lucky and get deletions. Others get absolutely nothing. If nothing else, it adds to your paper trail, and gives you a strong basis for lawsuit if necessary.
Josh Mcgrath Posted December 11, 2004 Report Posted December 11, 2004 I have a feeling I will be in that mess very soon!
miracle Posted December 11, 2004 Report Posted December 11, 2004 Well, if you do get in that mess soon... we are here to help ya out. Many people on the board have gone to court and socked it to em (with putting a little extra cash in their pocket )
Recommended Posts