@Anonymous wrote:I have a few random questions that I'm not sure whether are violations ot not of the Fair Credit Reporting Act.
- Do collection agencies have to notify me in writing befoe they report to the credit bureaus for the first time? No but if they report it they have to send you dunning within 5 days, FDCPA controlls CAs.
- Whenever I didpute something, aren't they supposed to mark that entry on my credit report as being disputed? If you dispute at the CRA level then they will mark it in dispute while the dispute is in progress this removes certain attributes from Fico scoring, disputing with the CA directly does not have to report as in dispute. If they don't do it... is this a violation? No.
- If they show a different amount than origina creditor, is this allowed? Sure there is always interest and fees added on. If so... what's the interest that they can chatge?Typically what the interest rate is on your contract and in some states they set the amount that can be charged in interest and fees.,
- I have a coule accounts where the collection agency name theirselves as the original creditor as well? A CA cannot report a monthly payment history like an OC can, Violation? IMO, yes and reportable in a complaint to the CFPB
- Can collection agency report past due amounts? Yes
- They are reporting my accounts using my first and partial last name only? Could this be treated as an error? no
- Can the report to credit agencies during validation? If the DV is timely then no, exception is if its already been reported to the CRAs
- Any other normal violations?
Thanks everybody!
