08-10-2012 11:16 AM
I am new to the forum and have questions that require assistance. Recently, I pulled my CR and saw a CO for GEMB/Bassett Furniture. However, the 3 CRAs have conflicting info EX states "CO", EQ reflects "Bad debt & placed for collection & skip"; and TU "Payment after charge off / collection". The funny thing about this situation is I never applied for this acct. As well, since this acct was opened in 2008 there is a CA assigned to this acct...CACH, LLC. I was receiving harrassing phone calls from CACH, LLC. I expressed to the CA that this acct did and does not belong to me which they requested a police report. I told them it is not up to me to provide proof. Following the phone call I drafted a DV CMRRR letter to CACH, LLC. Since then I have not received any phone calls from them.
However, the major problem is GEMB/Bassett and CACH, LLC are still reporting negative TLs. I have disputed these accts with the CRAs and you guessed right...the CRAs state the accts have been "verified". My question now is what do I do to have these items removed? To include, does anyone know what the SOLs in Maryland are?
Please any assistance is greatly appreciated
"On the Road to SUCCESS"
08-10-2012 04:05 PM
I would call Bassett and talk to them. and have them send you the information you need to resolve this.
08-10-2012 05:16 PM
08-11-2012 05:03 AM
Thanks! I can still file a police report even though it's been 4yrs? I was told by the police I couldnt
08-11-2012 05:04 AM
What info would I request?
08-11-2012 01:56 PM - edited 08-11-2012 02:00 PM
A police report does not prove anything, and is thus not basis for documenting a dispute. It is a sworn assertion, not proof.
If you simply dispute, they will use the information in their files to simply verified the accuracy based on what is known to them. They, rightfully in my opinion, can only base their verification on their records. They arent required to hire a private investigator to determine the accuracy prior to verifying, and the dispute process does not compel them to provide documentation to verify the accuracy of thier reporting. That is why the identity theft provisions were added to the FCRA back when.
The police report is thus used to invoke the identity theft provisions of the FCRA, and thus permit you to build documentation to support a dispute.
In the interim, the police report permits you to have the information immediately blocked from your CR under FCRA 605B until the accuracy of the information is ultimately determined, and hopefully deleted from your credit file.
File a police report (the FCRA calls it an "identity theft report") and initiate the identity theft provisions. The age of the matter is not the issue.
What the police report provides is a sworn statement, under penalty of law for any knowingly inaccurate statements, that simply records your assertion that the account/transactions were never authorized or established by you, and thus logically must have been established by fraud or identity theft. You arent required to "prove" a negative in that statement. Most law enforcement agencies have standard procedures for accepting request for police reports that are needed by a consumer in order to invoke their statutory rights under the FCRA. If a police agency declines, simply call your state AG, who will assist you in obtaining the report.
The FCRA accepts such a sworn statement as basis for immediately blocking the information from your credit report under FCRA 605B. That's what you want now. Then, by also sending it to the creditor, you can require them to provide all business records pertaining to the identity theft information pursuant to section 609(e), thus building your documentation of "not mine."
If a debt collector is also involved, you can additionally send the police/identity theft report to them, and compel their production of all information that they normally would have been required to provide if you had disputed the accuracy with them. FCRA 615(g).
08-11-2012 04:47 PM
The information is the documents used to open the account. One the signature used and the address would helpful.
08-11-2012 06:21 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.