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I woke up this morning to a SW email stating that some balances on one of my CO accounts had changed. My old Plains Commerce Bank card updated. Previously, they had been double reporting to EQ and reporting different balances to EQ and TU at the same time. I sent them a 623 Dispute on 2/28 CMRRR, calling them out for their shenanigans. Out of curiousity, I pulled an official report from EQ to verify the changes were indeed made. It looks like they now decided to report the full balance of the CO (previously zero) to EQ. Upon seeing this, I tried to call them and verify the information. The nice CSR could not find any information in their system for the account (even if I had the whole 16 digit number) other than it had been sold to some JDB, the "open date" she had was 12/31/1969.
But that's not all I discovered! Three of my CA accounts were gone.
ETA: All 3 collection accounts gone from TU as well! 2 out of 3, I think that counts as a success. Also got my TU FICO (from bank) of 567. That's 30 points in a month!
Have they had time to respond to your 623? Give them the 30 days allowed. If they don't respond they are in violation.
Yes, a sold account must be 0.
You have already disputed directly with the furnisher of the information. This dispute (623) and a CRA dispute are the same, the 623 just leaves the CRA out of it. If you were to now dispute with the CRA they could just throw it out as frivilous.
If the creditor doesn't correct the reporting or does not reply in the required time, sue them. That will get their attention.
@guiness56 wrote:Have they had time to respond to your 623? Give them the 30 days allowed. If they don't respond they are in violation.
Yes, a sold account must be 0.
You have already disputed directly with the furnisher of the information. This dispute (623) and a CRA dispute are the same, the 623 just leaves the CRA out of it. If you were to now dispute with the CRA they could just throw it out as frivilous.
If the creditor doesn't correct the reporting or does not reply in the required time, sue them. That will get their attention.
No response yet, just the "update" in reporting. I'll wait until 30 days have passed (4 April) and send an "Intent to Sue" letter.
Yes, randy is correct. It could take up to 40 days with mail time and all that also.