Credit Bureau Report - Date Updated

[Determined1]

Hi,

 

I've been disputing a few stubborn negative items on one of my credit reports for two years. One is literally not mine, and the other is inaccurate. For the "not mine" I've used several appropriate dispute letters, and sent two 623 letters to the bank in question, which was ignored. For the inaccurate item, I also disputed in writing using the appropriate dispute letter.  I've also sent Method of Verification letters, and received the typical standardized non specific bs response.

 

This week, I received an updated copy of my credit report, and noticed that for these two items, the "Date Updated" section shows dates in October, 2010. I want to make sure I'm reading this correctly  - does this mean the last time the credit bureau received updated info on these accounts were for the dates given in 2010? I never received a letter advising my dispute was being treated as a frivolous dispute. It would seem to me that if I'm disputing in 2012 and 2013, and they haven't received updated info since 2010, they should be required to remove the negative data. Forgive me if this is an obvious question, but I'm floored as this is after 4 or 5 Certified letters.

[BV80]

"Date updated" is the last time the furnisher reported the account to the CRAs.  When a furnisher verifies account information as a result of a dispute, they are not necessarily updating the entry itself.  They're merely responding to a dispute.

[Determined1]

Thanks BV80, I appreciate your great feedback. It still seems a bit counter intuitive for a credit bureau to tell me an item is currently verified and being correctly reported, but have the "date updated" section to be several years old. I guess expecting a credit bureau to communicate clearly to consumers, or offer transparent and logical rules, is a bit too much to ask. Besides a lawsuit or arbitration, the only solution I can think of at this point.... 

[admin]

@Determined1 - If they never responded to your 623, this is illegal per the FCRA.  They have to at least say it's frivolous if they don't plan on investigating. 

 

If one account is definitely not yours, time to call a consumer attorney.  

[Determined1]

Thanks Admin. Making a few calls this week to attorneys for help with these scoundrels. 

[schmitzy84]

I know how it feels to be disputing a negative that is not yours and having a reporting creditor fail to respond to a 623 letter.  Getting an attorney has been a great relief and has, at least in my experience, helped get the reporting parties attention. 

[CordusAdmin]

@Determined1 - we have a list of attorneys on our site.  None of these have paid to be on our site and most of these names have come from our readers who have recommended their attorney.

 

http://www.creditinfocenter.com/legal/lawyers.shtml

[cjtx]

It is very fishy whenever a data furnisher verifies info that was updated a long time ago... except in cases in which the account was sold, in which case they are not supposed to make any new updates.

 

CRAs take shortcuts all the time. Sometimes they don't contact the data furnisher but verify the old information through some other means, like accessing a third party data repository or going back to the data reported to them a long time ago by the data furnisher. That is why a lot of the times you get an account verified with a very old last update date.

 

Ask for MOV and it may come off, or at the very least, force the CRA to contact the data furnisher, which is what they should have done anyways instead of misrepresenting that the furnisher verified it.