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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.