04-02-2013 10:10 AM
What do you do when one CB deletes a TL from a dispute but another doesn't?
04-02-2013 10:53 AM
I'm interested in the responses to this - I had the same happen. EX deleted 2 weeks into the dispute time frame of 30 days or so, while TU and EQ verified within the same week.
04-02-2013 12:26 PM
It should be reported to all CRAs, but that assumes the furnisher complies with the FCRA.
It is not the CRA responsibility to notify other CRAs, it is the furnisher's responsibility to do so.
FCRA 623(b)(1)(D) requires a furnisher to report the same results of their investigation of a dispute to all CRAs to which they have reported the disputed information, not just the CRA handling the dispute, if the disputed information is found to be incomplete or inaccurate.
I would make an informal call to the furnisher and remind them of their obligation under section 623(b)(1)(D) to report the results of the dispute to all CRAs to whom they have reported. If that does not result in timely update, then send them a direct dispute, requiring action within 30 days.
04-02-2013 01:44 PM
Unfortunately the furnisher is Marauder Corp and they do not answer the phone or seem to have a valid address. They are a really sketchy place.
Do you think TU used an automated verification and that's why it just came back as verified? Where as it seems like EX actually investigated.
04-02-2013 07:50 PM
Send Transunion an MOV method of verification,ask who they spoke to in verifying the account, they then have 15 days to repond. Best wishes!
04-02-2013 08:03 PM - edited 04-02-2013 08:05 PM
All of the CRAs use an automated system called e-Oscar for virtually alll of their disputes.
They forward the dispute to the furnisher, who is required to respond back to the CRA prior to expiration of the CRA's period for reinvestigation.
The form of transmission is not the issue, and their response back to the CRA is required if they wish to either corrrect their reporting or verify that they consider it to be accurate as reported.
If they failed to respond back to the CRA, they are in violation of their requirement to do so within the CRA's reinvestigation period.
If they deleted rather than responding, that is non-verification to the CRA.
If they responded that they could not verify, they were requried to have made the other CRAs aware of that finding.
They can always provide verification at a later time and have their reporting reinserted, but for now, they have an obligation to delete with all the CRAs.
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.
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.