2007-10-20 10:34:41 · 3 answers · asked by Jewelz 2 in Business & Finance ➔ Credit
Read the Fair Credit Reporting Act, it give you the info you need.
1) Find the delinquency date. This is the day you missed your payment and the debt went into delinquency.
2) If you don't have that info, send a letter to the creditor demanding that they validate the debt. You want them to send the final bill.
3) When you have the right delinquency date, send that info, along with a dispute letter to the credit bureau. Also send a dispute to the creditor who is listing this.
4) If it's not changed within 30 days, you can sue them in small claims court very easily for $1000.
2007-10-20 10:49:55 · answer #1 · answered by Anonymous · 5⤊ 0⤋
Studly's got the right approach. Only thing he left out was a link to the Fair Credit Reporting Act. Please allow me to give you a link to the entire Act in PDF format:
http://www.ftc.gov/os/statutes/031224fcra.pdf
We are, of course, assuming you are in the USA. If not, you need to find the credit reporting laws in your area and ask for advice from the appropriate legal sources there.
It would be nice if people who are asking for legal or financial information would let us know the country they live in so we can give more relevant answers.
2007-10-20 11:24:40 · answer #2 · answered by John Silver 6 · 0⤊ 0⤋
If collection agencies are actually re-aging your accounts, dispute the item with the credit bureau as being re-aged.
Are they really re-aging or just reporting that the debt now belongs to them?
2007-10-20 11:47:30 · answer #3 · answered by bdancer222 7 · 0⤊ 1⤋