About Credit Reports and disputing all the negatives? HELP!?

Question

Here is the deal, I have paid most of my negative debt and I want to pay off the remaining creditors who have reported stuff on my credit. The problem is when I look at my report I don't know who these crediters are because the debt was bought out by other compnaies.

So I want to contact these creditors yet on my report where they left the negative there is no
Phone number listed, No address and only a partial account number is showed and the remaining numbers are marked out by a row of X's. How the heck am I supposed to fix this if there is no contact information from these idiots who placed the bad stuff on y reports.

Has anyone seen this on your report? Isnt there a law or something that if someone places a negative on your report that the full contact and details of the crediter have to be named -

Answer 1

Contact the following:
1.) Equifax: 800-525-6285

2.) Experian (formerly TRW): 888-397-3742

3.) Trans Union: 800-6807289

Let them know what you want to do. They will get you the forms necessary to get the information you need. Should you disagree with any of the information, they will be able to help you resolve the issues. If they cannot supply you with contact information on the debtors then they will mark those accounts as in conflict and the process of clearing can begin.

Contacting only one of the three will not be enough. You must talk to all three as they do not share information.

Answer 2

The contact information is usually listed at the tail end of the report...not where the account status is.

Be sure when going through the report that you look for duplicate entries for the same account. This can happen when it transfers from 1 collection agency to another.

I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.

Answer 3

Not matter what!!!! do not ever pay a collection agency or even an attorney who says they are representing the creditor!!!! make all payment directly to the original lender. If any of these debts are 3 years or older pay nothing. If anyone threatens you go to a lawyer and ask them to write a letter to them that states that they are in violation of the fair credit reporting act, your lawyer will know what that is. It will cost around 200.00 dollars.

Answer 4

You need to study the law! It's all right there. See the link below.

You can't fight these guys if you are unarmed! Knowledge of the law is your only weapon!

Check out Section 611(a)(6) of the Fair Credit Reporting Act listed below.

All you have to do is send a dispute letter to the credit bureau. In it, tell them you are requesting "a description of the procedure used to determine the accuracy and completeness of the information ". As part of this disclosure, they must give you the name and address of the person supplying this information....ie the collection agent who won't give you his address.

Contact me if you have further questions.