07-14-2012 11:18 AM
Equifax removed a huge charge off that has been haunting me for YEARS! Is there anyway I can use that as leverage to get Transunion and Experian to remove the account? The account is a old car loan that was showing chargeoff, with a $15,000 balance. Any advice would be greatly appreciated.
07-14-2012 01:35 PM - edited 07-14-2012 01:36 PM
If the removal resulted from a dispute, then the creditor was required to have reported any correction or deletion to all CRAs to which the information was reported.
No, the CRAs arent responsible for notifying each other, except for identity theft issues.
The responsibility is placed on the furnisher of the information.
Was the deletion based on the finding in a dispute, or was it a GW deletion?
07-14-2012 02:34 PM
As already mentioned, just because 1 CRA does someting doesn't mean the others will.
You said it had been haunting you for years? Was it removed due to age?
Did you initiate some kind of action that resulted in it being removed?
07-14-2012 02:54 PM
Send them a letter reminding them of their responsibility under FCRA 623(b)(1)(D):
"if the investigation finds that the information is incomplete or inaccurate, report those results to all other consumer reporting agencies to which the person furnished the information"
07-14-2012 04:44 PM
07-14-2012 06:40 PM
No, you send it to the creditor.
It is the creditor's responsibility to correct/delete the disputed information. The statute quite simply states that correction/deletion with the CRA that handled the dispute is not sufficient. They must correct with all CRAs to which the information has also been reported.
10-03-2012 06:10 AM
Can you pm me the process of how you got your charge off deleted? I have a similar situation.
Sounds like he just disputed it with Equifax...