JENDELA1 Posted February 23, 2005 Report Share Posted February 23, 2005 Just a quick question....now that the agencies must give out free credit reports, will there be new CHOD dates? I am thinking that so many people will be requesting their credit reports that the CA'S will be slammed with requests and that woud be the time to "attack" Link to comment Share on other sites More sharing options...
Corrine Posted February 23, 2005 Report Share Posted February 23, 2005 I don't know about CHOD dates but the free credit reports are being phased in by region as to not overload the CRA's. Because each region is relatively small and the time period as to when each region is phased in, I doubt the CA's will get overloaded any requests but you could always give it a shot. Link to comment Share on other sites More sharing options...
c m chase Posted February 23, 2005 Report Share Posted February 23, 2005 That's not a bad idea though! They may be totally separate departments, but if they ARE just a group who does everything....that's not bad thinkin'.So I'd start sending in disputes soon after the freebie dates roll around. That way, they still have to do your disputes in 30 days and they'll ASSUME they have 45 because of the FACTA....you can get them on that.Here are the dates:Rollout From West To East12/1/2004: Western States (AK, AZ, CA, CO, HI, ID, MT, NV, NM, OR, UT, WA, WY) 3/1/2005: Midwestern States (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) 6/1/2005: Southern States (AL, AR, FL, GA, KY, LA, MI, OK, SC, TN, TX) 9/1/2005: Eastern States (CT, DE, DC, ME, MD, MA, NH, NJ, NY, NC, PA, RI, VT, VA, WV), Puerto Rico and all US territories Link to comment Share on other sites More sharing options...
workinninetofive Posted February 24, 2005 Report Share Posted February 24, 2005 That is a good idea, worth a try. CM- When does the 45 time frame kick in? Link to comment Share on other sites More sharing options...
Champion80 Posted February 24, 2005 Report Share Posted February 24, 2005 You know I asked a CRA the same question, when I was disputing another TL over the phone early in February, and the rep told me 45 days, at the time I took their word for it, I said I was only aware of that on the free reports, she said no the law changed either Jan. 1st or Feb. 1st, I havent verified myself, but I am interested to know. Link to comment Share on other sites More sharing options...
devil21 Posted February 24, 2005 Report Share Posted February 24, 2005 Thats exactly what we want to hear! 30 days is still in effect for adverse action reports and purchased reports. 45 is solely for the new free report provision in FACTA. Link to comment Share on other sites More sharing options...
c m chase Posted February 24, 2005 Report Share Posted February 24, 2005 Exactly as stated above.Go get 'em, folks!! Link to comment Share on other sites More sharing options...
debcakes Posted February 24, 2005 Report Share Posted February 24, 2005 This is what the FACTA says:"If a consumer receives a free credit report and discovers a discrepancy, and advises the credit bureaus of the discrepancy, the bureaus have forty-five (45) days to fix the problem."The FCRA, however, still states the 30 + 5 days rule for resolving disputes. Link to comment Share on other sites More sharing options...
workinninetofive Posted February 25, 2005 Report Share Posted February 25, 2005 OK, I get what your saying. They have 45 to send the free report and disputes with that. I thought they now have 45 days for every communication. Link to comment Share on other sites More sharing options...
Champion80 Posted February 25, 2005 Report Share Posted February 25, 2005 I know for sure that the 45 day rule applies to the free report, but unless the girl that gets paid $8 an hour at one of the CRA's I talked to is just spouting off what ever sounds good,and not actually facts (which seems to be true more often than not), the 45 day was supposedly the new law starting on a specific date, maybe not yet, maybe in the future? Not sure, I would like to take your word for it Devil, so I will until we hear a conclusive difference. Link to comment Share on other sites More sharing options...
KentWA Posted February 25, 2005 Report Share Posted February 25, 2005 FCRA § 611(a)(1) requires 30 days.§ 612(a)(3) sets 45 day limit for free annual reports.Check the FCRA link above. Link to comment Share on other sites More sharing options...
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