Reply
Regular Contributor
Posts: 221
Registered: ‎06-12-2012
0

CFPB works.

[ Edited ]

Just thought I would share that if you have exhausted all avenues the CFPB can help. I had a CO from Wells Fargo and Wells was reporting very inaccurate information. Took the right person at Wells to realize this and they sent a letter out on Oct 18th saying the TL would be deleted. Two days later EX and TU deleted but of course EQ remained.

 

I waited 40 days for EQ to delete and nothing was done. So I sent the letter into EQ showing to delete this TL . I Called EQ and they said that their process was different and that Wells needed to call their business number and tell them personally to delete the TL. I called Wells and they claimed they submitted the information.

EQ just kept disputing it and it would always come back verified. Its not like that was a surprise. Round and round I went.

 

So I tried the CFPB since they were new in dealing with the CRA's but had jurisdiction over them. Eleven days after I submitted my complaint EQ deleted.

So if you are having major issues with a CRA and have proof that something should be deleted and they CRA is holding out, I would suggest giving the CFPB a try.

Finally someone that really has some control over the CRA's !

 

One other thing is make sure you have disputed with the CRA's before you dipute with the CFPB. The CFPB will ask that you have done this before you submit a dipute with them.

Contributor
Posts: 230
Registered: ‎10-01-2012
0

Re: CFPB works.

I can second that.  I have used them twice and got what I asked for each time without problem.  

Regular Contributor
Posts: 230
Registered: ‎09-22-2012
0

Re: CFPB works.

Hey thanks for this valuable information. Just another thing I did not know about. Maybe now I can finally get those duplicates deleted! 


Starting Score: EQ 416 TU 498 EX 468 Lender Fico's July 2012
Current Score: EQ 548 (Myfico) TU 655 (Walmart) CK 672 EX?? CS 642
Goal Score: For now: 640s


Take the FICO Fitness Challenge
Established Contributor
Posts: 848
Registered: ‎12-09-2012
0

Re: CFPB works.

Hello! For us newbies lurking, can you please explain who or what CFPB is?

Thanks!

12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)
1/15/14 TU 665 | EQ 648 | EX 655 ~Myfico scores
1/29/15 TU08 666 | EQ08 676 |EX08 655 } EQ04
My Wallet: Cap1 3,500K ~FH 950 Credit One 1300~Orchard Bank 2000~ Matrix 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 8K ~Care Credit 3,500
Last Negs to fall off: 2-Cap1 CO's PD (fall off 1/17)~Foreclosure (fall off 1/16)
Contributor
Posts: 230
Registered: ‎10-01-2012
0

Re: CFPB works.

Consumer Financial Protection Bureau.  Here is their website, http://www.consumerfinance.gov/the-bureau/

 

They take complaints about a few different things, but the CRAs is one of them.  You must have already gone through the dispute process with the CRA first and gotten your response, before you contact the CFPB. 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.