ThePeacock Posted February 17, 2005 Report Share Posted February 17, 2005 I was just thinking....in the past fiew days I've been actively working todispute some TLs that aren't mine, some COs and some that still show balances when they shouldn't. Say I get the CRAs to remove just by dispute....what's to keep the CA orOC from putting it back? Link to comment Share on other sites More sharing options...
admin Posted February 17, 2005 Report Share Posted February 17, 2005 Nothing, but if they do, the CRA has to notify you in writing within 5 business days or it's $1000 in fines payable to you. Link to comment Share on other sites More sharing options...
ThePeacock Posted February 17, 2005 Author Report Share Posted February 17, 2005 Thanks Admin...does this happen regularly? What would be my recourse if they do? Link to comment Share on other sites More sharing options...
Guest jeeptravel Posted February 18, 2005 Report Share Posted February 18, 2005 PEACOCK: If you dispute, for example, a credit line on TU and the Creditor produces no validation to TU, then they have more or less given up on the account. Sometmes it does happen. If they verify it, it aint gonna go away! You have to then contact the Creditor and play games there. If it's a legit credit account, you're gonna have a hard time getting them to remove it.The chances it will show up later after TU removes it are miniscule. BUT if they do report it again, then TU is the one with the burden to let you know. Thanks a lot to the admin for that, wasn't aware of that, but it makes perfect sense.If you found it back on there, your "recourse" (bear in mind this RARELY ever happens but it is the law) is to SUE THEM in accordance with the FCRA. This applies to the other 2 as well EX, EQHappy disputes!!!JT Link to comment Share on other sites More sharing options...
ThePeacock Posted February 18, 2005 Author Report Share Posted February 18, 2005 JeepTravel: Thanks a lot, I guess I was getting too concerned about that. What you say makes sense. If they weren't willing to take the time to verify it, they've most likely given up. Link to comment Share on other sites More sharing options...
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