04-06-2012 02:33 PM
So needless to say I am annoyed and nervous... I sent a number of GW letters to Credit One Bank and they removed my account from my credit report, rather than deleting the lates... I was happy with that as I have a 60 day late within the last year...
I checked my report today and BAM there it was again... it had been removed from all my CR's and then came back on EQ only... Anyone know if I can do anything? Should I dispute this thru EQ?
What is my best course of action on this? It dropped my score about 50 points... Just as I was getting somewhere credit wise!
04-07-2012 01:24 PM
04-07-2012 03:06 PM
I recently went through a mess with EQ having split my file. Things were not showing up and then suddenly did after I called them about it. Could be that yours was split and the trade line was reporting on the other one. I would take the most recent hard copy where it was NOT showing, then send a letter asking them to remove it based on not informing you of a reinsertion.
04-07-2012 04:26 PM - edited 04-07-2012 04:27 PM
The only regulation under the FCRA that applies to the reinsertion of deleted information in a consumer credit file applies only to information that was deleted as the outcome of a dispute which found the information to either be inaccurate or unverifiable. FCRA 611(a)(5)(B). In such cases, they must provide the CRA with a "Certificate of Accuracy" and the CRA must accept that certification before the information can be reinserted. If the CRA reinserts the information, they must advise the consumer within 5 days.
With their deletion not having been as the result of a finding in a prior dispute, they have the full authority to reinsert it without any CRA review as long as the information is not knowingly inaccurate. I see no basis for a dispute over its reinsertion other than contesting the accuracy of the information itself.