Credit Card Center Advertiser Disclosure†
07-21-2013 10:07 AM - edited 08-11-2013 07:10 AM
This is an example of a direct dispute.
Props to guiness56 and RoberEG for this one.
This is a Notice of Direct Dispute with you, under the provisions of FCRA §623(a)(8)(D), of the accuracy of information you have reported to my credit file.
► (If sent to a debt collector, (CA), it might be beneficial to also include the blurb
This is a direct dispute of credit reporting. This is not a request for debt validation/verification under FDCPA §809(b)
(don’t let them just simply sluff it off as a meaningless DV letter)
In compliance with FCRA §623(a)(8)(D), and enacting regulations published at 16 CFR § 660.4, this Notice of Direct dispute includes:
Identification of the specific information being disputed:
(specify the account number, and the specific information that is disputed under that identifying account)
Basis for the dispute:
(how the reporting was inaccurate; was any reporting in violation of any statutory or regulatory provisions? account or express agreements? CRA reporting gudelines? Account not yours? etc.)
(all documents that support your dispute; it is recommened to also include, as part of your documentation, at least a copy of the portion only of your recent credit report showing their reporting of the disputed information was actually reported to your credit flle. The implementing rule suggests a showing that it appeared in your credit report)
08-05-2013 04:14 PM
08-07-2013 08:04 AM
Can you please provide an explanation on the difference between a debt validation and a direct dispute? For a newbie please..
I'm in the process of drafting a letter in the event my CRA disputes come back 'verified'. I would like to have a better understanding of the two. Thank you so much!
08-07-2013 08:15 AM
08-07-2013 08:28 AM
Thanks so much Guiness! I was just reading on another post how it may benefit more to do a direct dispute if an account is not removed after disputing with the CRAs. I honestly thought the two were the same.. silly me. Thanks again.
08-07-2013 08:35 AM
You can use the direct dispute with the creditor/CA to try and have it removed. You must have documentation so as the creditor/CA will not say the dispute is frivilous.
A DV is only for CAs, not OCs.
08-11-2013 11:31 AM
If you have previously disputed via a CRA and the dispute was concluded, the furnisher can dismiss any subsequent direct dispute on substantially the same information without any requirement to investigate. Furnishers are only required to conduct one investigation of asserted inaccuracy.
You can still send a direct dispute, but they can summarily dismiss it.
08-11-2013 11:35 AM
10-12-2013 08:00 AM
Here's a neat trick I learned,
I was able to get eight (8), yes 8, collection accounts deleted from all three bureau's. I settled all the collection accounts and then I filed complaints with the Better Business Bureau pleading ignorance of the FCRA by saying that since the accounts were settled, they should be removed. Well the BBB's sent my complaints to the respective collection agencies and ALL of them wrote back to BBB's stating that the accounts were settled and that they would have the accounts deleted. Now the BBB nor the collection agencies are required to do anything about this, but collection agencies get so many complaints they try to resolve as many as they can successfully, especially when they have been paid. Go the BBB route for any paid collection account. Just plead ignorance like you don't know the FCRA and they'll come right off.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.