Help! Credit Dispute?

Question

I disputed things on my credit and I am not sure if the credit place took the right steps.

They got back to me on the 43rd day. They also did not send me an updated credit report (which I thought I was suppose to get)
There is still an item on my report which is a duplicate of something else that is on there, what should I do about that?

I dont know what actions to take, I tried calling them and I was on hold for 1hour and then some cranky woman answered the phone who didnt want to hear anything I had to say


Please help me with this

I first want to make sure I have all the information about my rights, laws, whats and what nots about the credit companies. I have been searching online and basically I read I have to have a responce within 30days in writing and I get a free updated copy of my report after the dispute.

From when I called the agency (experian) I was told everything I read was wrong. They sent me an email on the 43rd day, I got NOTHING in writing.

Answer 1

This question highlight what I've been teaching for the past few months.

The reason the creditors get away with breaking the law is because YOU DON'T KNOW THE LAW and you don't know what to do about it.

Yes, they have 30 days to respond to your dispute. In some situations they are allowed an additional 15 days if the creditor needs to investigate something. But you need to be notified of this.

Yes, you are allowed another free credit report after you have disputed an entry.

Yes, it is illegal to place duplicate negative items to your credit history.

So what now?

If you follow this procedure, the problem will be fixed. But you need to follow it exactly!

First, read the links I've supplied below. They are probably the same things you have read in the past, but read them over again. They describe the dispute process.

You already sent the credit reporting agencies (CRA's) a letter. Was it certified/return receipt? You need to be able to prove you did it.

What happens is the CRA will contact the creditor and "verify" that this is a legitimate debt. All that means is they call and ask "is this listing correct?" If they creditor says yes then the listing stays. No real investigation is ever done. That is all the CRA is required to do.

Your next step is send a letter to the creditor and demand that the debt be "validated". That means they must send you copies of bills, receipts, contracts, and everything use to calculate what they claim you owe. They have 30 days to respond to this. In the case of the duplicate listing, send a letter to both, and remind them that they are in violation of the Fair Credit Reporting Act, and you will sue them if the listing is not deleted.

If this listing is still not fixed, or if the creditor did not send you any "validation" information, then send one last letter to the CRA and demand a re-investigation. Include a copy of the letter you sent to the creditor.

If it's not corrected after 15 days, you are now free to file a small claims suit against all of these people for $1000 each. It's a simple matter, and you do not need a lawyer.

If you need more help with this, contact me.

Answer 2

Credit Bureau's fall under this loophole that they only relay the info reported to them. So if your duplicates in question appear on your credit more then 1 time, you want to look and see if the duplicate is reported by XPN/EFX/TRU. Sometimes the account shows the first time with XPN then the next time it has TRU/EFX making it a variation in the credit account from the company reporting it not the credit Credit Bureau reporting it in error.

You must request the copy of your credit report when you write the CBC ( Credit Bureau Company) and you must mail each of them. Obtain letters from the creditors about the accounts you have open. Don't expect the reply in 30 days, although it is the law.

Answer 3

You must seem on the contract phase as a rule the item you drop at the flooring while your invoice comes within the mail approximately what to do in disputes. Mostly you must notify them of the item you're disputing (a cost you did not authorize, and so forth.) in writing and waitr for his or her reaction. Some credit score organizations nonetheless require you to pay them the disputed cost on the time your fee is due at the same time others say you do not have to pay that facet till the dispute is settled (it takes a at the same time for them to assess as a rule it is over in ninety days). Say the principles are you must pay three% of your account stability or 20$ whichever is larger and you have got a stability of one thousand$. However you are disputing a cost of one hundred fifty$. If your contract states that you don't must pay any disputed facet of the account then you definately subtract one hundred fifty from one thousand and pay three% of that. If you didn't dispute some thing your fee qwould be round 30$ when you did dispute that quantity then your fee might be 25$

Answer 4

I agree with what Studly had to say.

I just wanted to add that if you had disputed from using your free FACT-ACT reports, then the credit bureaus are allowed to take an extra 15 days to investigate. Anytime you send a dispute to a credit bureau, use a report that you had either purchased directly from the bureau or one that you received for free after being denied credit.

Experian is extremely bad about sending an updated report. It is against the FCRA for them to not send you a complete updated report. Do some reading on the sites Studly listed.

Also, you can see your full Experian report online. Go to their site, www.experian.com and click on "see your report" then type in your report #, your state, zip and SSN.

Answer 5

1. don't talk to them on the phone, ever , period

2. always do it in writing, being specific as what you want.

3 send the mail certified to get a notice of reciept.

4. at this point notify them of the other item in dispute and why, also request a new copy of your report showing all the changes made.

And in the end you are also allowed to post a comment on your report if you wish to explain something.

Answer 6

Your credit report contains the creditor in question. Why haven't you contacted them?