Tuscani wrote:The ethics involved with disputing items on your credit report is a hot topic. I have seen many different opinions on this and would like to share my thoughts.Is it ethical for someone to report 1 or 2 late payments for 7 years? Sure, it's legal, butis it ethical for them to continue to hamper your efforts to improve your life and learnfrom past mistakes? Only you can decide...no one else.CRAs have to be able to verify it by the original records to report it and if they can't,then they can't report it. Disputing is the avenue afforded us to request verification. Youare simply asking them to check their records to confirm.IMO, It doesn't matter one bit what we know or don't know. We aren't reporting anything. Thelaw is clear that if the CRA is to report an account, they must be able to verify it withthe furnisher (among other things). If the account, lates, etc cannot be verified off itgoes. There is no section of the FCRA that states that a consumer's personal knowledge of anaccount has any bearing on it's reporting or the CRA's requirement to verify. Doesn'tmatter.There is no ethical dilemma about disputing accounts that you personally know are reportingcorrectly. What you know/don't know isn't relevant. (Try to have a non-reporting positiveaccount put ON your reports for an idea of how little what you know matters). All you aredoing is demanding the CRA prove that they can verify what they are reporting (no more, noless).Making false statements is another matter, saying "I was never late" when you in fact wereisn't appropriate nor is it necessary. Instead of claiming you were never late, insist theCRA prove that the lates that they report are accurate. "Please provide evidence that thisinformation is accurate and belongs on my report" accomplishes the same thing as "I wasnever late" without making any statements on your part.
trinigal wrote:This is an excellent post and the responses have been enlightening. I see both sides, but I admit, I side with Tuscani, Noah and others.In a country where for the most part you are nothing more than a 9 digit number, if you do not assert yourself you will get lost in the mix.Just MHO.
trinigal wrote:In a country where for the most part you are nothing more than a 9 digit number, if you do not assert yourself you will get lost in the mix.
trinigal wrote:In a country where for the most part you are nothing more than a 9 digit number, if you do not assert yourself you will get lost in the mix.So does this justify fibbing on your income tax? On the amount of household income on your AmEx credit card application?IMvery,very,veryHO, there's a difference between asserting yourself to get what you are entitled to, and just doing whatever you can to get whatever you want.
flygirl wrote:OH my Gosh people......we are all adults on here ( I think) and we all know right form wrong. Folks that intentionally fib on there income tax or cc application will have to reap what they sow because those two things can be audited.
I see no problem in pulling your credit report, seeing a collection item on there from 3 years ago and disputing it. Maybe you "thought" you paid it, or maybe you thought insurance took care of it, or maybe....just maybe you totally forget that you did actually go to the doctor that is trying to collect from you. When you dispute an item, you are not asking them to delete. That's what a PFD letter and goodwill letter is all about. IF the credit bureau chooses to delete, then BRAVO for you!!!!!!!!!