beach123 wrote:
Thank you...I will do that, I still cannot get over the work we have to do to prove these things, and how they can just automatically take the company's word for it...I feel like I'm in the wrong business, although I never want to be known as a thief!
The Feds really need to start levying some heavy-duty fines and other sanctions against not only the CAs that re-age these accounts, but also the credit bureaus themselves for accepting this bad information. Try being a major newspaper and printing a story falsely stating someone embezzled $2300 from their job, then defending yourself in court by saying, "Well, that's what this bum down in Central Park told us, it's
his fault!" It doesn't work that way--when you publish information about someone, YOU are responsible for fact-checking and being able to defend it in court. The same principle needs to apply to bogus information in credit files.
I think the libel laws should apply in full force: anyone publishing false information about a consumer in their credit file should be subject to the same civil penalties that a newspaper, TV station or Web site would be subject to for publishing false information. When EX, TU and EQ start getting whacked with $100,000 judgments for defamation of character, perhaps they'll demand a higher standard of accuracy in reporting from CAs and the like.
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in a credit-scoring postnuclear Stone Age...
