topic Re: Disputed item not removed after 5 or more tries.. in Bankruptcy

Disputed item not removed after 5 or more tries..

Anonymous — Wed, 18 Mar 2009 20:25:05 GMT

Bankruptcy discharge in Sept of 2005. I had a Porsche that was voluntarily repossessed but was included in my bankruptcy. I have a letter from Porsche stating that this was included in bankruptcy. After 5 disputes or more Equifax keeps stating that it is being reported correctly. I have sent them a copy of the letter and Porsche also gave me an audit control number that shows that it was reported to credit agencies. Equifax was given all this info. The girl from Porsche says they don't have to remove if they don't want to.

Shouldn't this be stated that it was included in bankruptcy; not reporting correctly bal due and late payments and voluntary repossession. It's killing my credit.
After I disupted it the last time my fico score dropped 63 points!!!

Re: Disputed item not removed after 5 or more tries..

Anonymous — Wed, 18 Mar 2009 23:26:26 GMT

@Anonymous wrote:
Bankruptcy discharge in Sept of 2005. I had a Porsche that was voluntarily repossessed but was included in my bankruptcy. I have a letter from Porsche stating that this was included in bankruptcy. After 5 disputes or more Equifax keeps stating that it is being reported correctly. I have sent them a copy of the letter and Porsche also gave me an audit control number that shows that it was reported to credit agencies. Equifax was given all this info. The girl from Porsche says they don't have to remove if they don't want to.
Shouldn't this be stated that it was included in bankruptcy; not reporting correctly bal due and late payments and voluntary repossession. It's killing my credit.
After I disupted it the last time my fico score dropped 63 points!!!

Not sure what's going on here but it should be relatively easily updated to reflect included in BK. I am not sure why you are having so much trouble with this. How are you disputing this, online or in writing? Have you tried calling and speaking to them?

Re: Disputed item not removed after 5 or more tries..

Anonymous — Thu, 19 Mar 2009 00:42:03 GMT

It is true porsche does not have to delete it if they dont want to, but it should be reported as "Included in BK". I would let a lawyer in on it if its killing your score like that, seems the CRA is playing hardball. Play hardball back.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Thu, 09 Apr 2009 13:15:22 GMT

We worked with the credit reporting agencies and had great luck getting inaccurate items corrected.

But we had an account that continued to report inaccurate information. I understand that a CRA may verify information without contacting the creditors directly. One dispute resulted in a response claiming the CRA verified information twice. We checked with our creditor and they showed no contact from the CRA's. They did get it cleared up eventually, but if you're running out of energy, an ethical attorney might be helpful. Sometimes it just takes a little time and effort to make sure everything's correct.

Message Edited by utah2009 on 04-09-2009 07:15 AM

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 17:19:40 GMT

Before you go recommending agencies to handle this, don't waste your money. They can't do anything more than you can and its a myth that they magically accomplish something you can't yourself. If you do it properly, you will. Have you asked yourself if they are so good and special, why you never see a copy of the letters they send to the CRAs, somehow that's their secret sauce they claim. Because there is nothing special about it, and often the CRAs will play more hardball when they know you are part of some mass repair company clientele because they know what you THINK you are accomplishing, "the big guns".

Re: Disputed item not removed after 5 or more tries..

Anonymous — Thu, 09 Apr 2009 13:19:03 GMT

Good point. I'm just saying you don't have to give up if you can't make it happen on your own. Just as I hire a realtor or accountant to help me when it's beyond my knowledge base. Don't be afraid to hire legitimate qualified help (such as an attorney) to help right things that are being handled incorrectly - it's much better than thinking "if I couldn't do it myself, it can't be done" - it just ain't so. Incorrect listings on Credit Reporting Agencies can be corrected - sometimes the correction comes in a timely manner - occasionally there are items that take time. And it's not necessarily a CRA issue, sometimes the info being provided by a creditor is just not accurate. But keep striving to get the record straight - on your own or with qualified help - both are just fine.

Message Edited by utah2009 on 04-09-2009 07:19 AM

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 18:02:41 GMT

This has nothing to do with being afraid and they can be reputable, that's good. But the fact is that they are bound by the same laws you are and there is NOTHING they can do that you can't do yourself. It is a self fulfilling prophecy unfortunately because when they get something removed its often for the same reasons you get them removed yourself, the CRA fails to do it in a timely manner and is required to remove it. Nothing to do with specialized skills. You would hire and attorney to help you when you are in jail or getting sued but this is not even close to the same thing. These companies are a room full of computers, canned letters and a bunch of people hired to work $7-10/hour to punch in your information, print, put in envelope and mail. There is no specialized anything. They only legitimately use the statute that allows them to do this for you for a fee to run a business and make money. You could pay someone to go do your grocery shopping for you too but that doesn't mean they have some special skill that allows them to do it and you can't do it yourself. If someone doesn't have time, then I can see them being useful but otherwise, totally unnecessary. But hey, to each their own and if someone is happy with them, then all the power to them, just providing perspective for the other side too.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 18:07:32 GMT

I see your point - I think you are talking about credit repair firms. I'm glad you see my point, too. It's always good to hear from both sides. Thanks for watching out for us!

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 18:07:53 GMT

I called Equifax again and now suddenly the item is corrected to reflect bankruptcy. My score jumped 30 points suddenly and FINALLY! I have to say I disputed this item at least 5 times; couple by mail; couple by internet; one by phone. I tried each method and this last time I used the fico.com letter that was generated and sent it in with my porsche letter and is now fixed. hmmmm?

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 18:09:16 GMT

Yay!!! Good work!

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 18:13:06 GMT

@utah2009 wrote:
I see your point - I think you are talking about credit repair firms. I'm glad you see my point, too. It's always good to hear from both sides. Thanks for watching out for us!

Absolutely, always two sides and no one is right or wrong, its just a matter of knowing what's what and making an informed decision, whatever works for the person. Good times.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 18:14:10 GMT

@Anonymous wrote:
I called Equifax again and now suddenly the item is corrected to reflect bankruptcy. My score jumped 30 points suddenly and FINALLY! I have to say I disputed this item at least 5 times; couple by mail; couple by internet; one by phone. I tried each method and this last time I used the fico.com letter that was generated and sent it in with my porsche letter and is now fixed. hmmmm?

Good to hear. I guess it was just a matter of time and maybe someone just forgot or got lazy and they just realized its sitting in their inbox either way, glad it worked out for you.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 18:15:01 GMT

Thanks everyone.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Tue, 24 Mar 2009 18:29:35 GMT

@Anonymous wrote:
Thanks everyone.

You are welcome and enjoy the score bump.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Fri, 27 Mar 2009 01:00:07 GMT

I have a question and just looking to see who could or would answer it for me. In 2001 I had a chapter 13 that ended up being dismissed by the trustee because I did not add in an electric bill. Anyway we had to pay off all those debts and then I was informed that when you have a chapter 13-dismissed it can stay on your credit report for 10 years not 7 years as a chapter 13-discharged. I don't know but I did not get anything out of filing this BK and had to pay the lawyer and money to the trustee which of course was returned to us by the trustee. The problem is I don't understand why it has to stay on my credit report for 10 years just like a chapter 7. At least with a chapter 7 your debts were dismissed in my case they were all corrected by us and paid by us so why 10 years. TU and Experiean removed it after 7 years but Equifax is hanging in there. When I looked at my credit report from My Fico on Equifax it has a case #, the date and the status but every other thing says Not Reported. I am thinking of writing to the court if I knew the address - I know it was the Federal Court but that is all I remember. I am wondering if I sent a letter to Equifax asking why there is no other information but the case number, date and status that maybe this could be removed early. I am just wondering. Any help would be apprecviated. Thanks.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Fri, 27 Mar 2009 01:33:26 GMT

Not 100% sure but I believe that's because the case was filed and considered, even if it was dismissed. Think of it like when you file an accident with your insurance company, even if you don't take their money and go fix it yourself, the fact that you told them will probably bump your rate and go on record. It sucks though, I'll give you that.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Fri, 27 Mar 2009 01:38:16 GMT

I realize what you are saying and you are right in comparing it with a car accident but the difference is the car accident only stays on your insurance report for 3 years and 4 months. The thing that bothers me is not that it is on my report as I was the one who filed so I had to expect that but to keep it on my report for 10 years instead of 7 when I received no benefit from it is not quite fair. I know it could be worse it could be all 3 CRA's that are reporting it but it is only Equifax. Just thought that if there is no information on myfico excpet for the case #, date and the status I thought maybe I could dispute this as I don't think it should all say not reported. Just wondering.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Fri, 27 Mar 2009 01:55:16 GMT

@Anonymous wrote:
I realize what you are saying and you are right in comparing it with a car accident but the difference is the car accident only stays on your insurance report for 3 years and 4 months. The thing that bothers me is not that it is on my report as I was the one who filed so I had to expect that but to keep it on my report for 10 years instead of 7 when I received no benefit from it is not quite fair. I know it could be worse it could be all 3 CRA's that are reporting it but it is only Equifax. Just thought that if there is no information on myfico excpet for the case #, date and the status I thought maybe I could dispute this as I don't think it should all say not reported. Just wondering.

I know and I am sorry, I didn't mean to imply they were the same. I used that as a way to clarify what I meant by once it makes a mark, it stays mentality of it. Trust me BK sucks dismissed or not in your case. I am a bit surprised that EQ of all is being the difficult one, I mean I know they have some idiosyncrasies that others don't but generally they are not the one that is a pain, its EX or even TU before EQ, or so has been my experience so far. It won't hurt you to dispute it and ask them to remove it stating that its old and should no longer be considered relevant and see how it goes. It might have simply been overlooked and you asking them to remove it might just accomplish it without too much effort.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Fri, 27 Mar 2009 02:15:55 GMT

I did not take any offense to your comparison and it was a very good comparison for me to understand - so it really was fine. I think I am going to contact Equifax and see maybe they will remove it instead of trying to get the court to remove it. I thank you for your time and for your knowledge. Take care and again thanks a lot.

Re: Disputed item not removed after 5 or more tries..

Anonymous — Fri, 27 Mar 2009 02:21:31 GMT

@Anonymous wrote:
I did not take any offense to your comparison and it was a very good comparison for me to understand - so it really was fine. I think I am going to contact Equifax and see maybe they will remove it instead of trying to get the court to remove it. I thank you for your time and for your knowledge. Take care and again thanks a lot.

Good to hear that and yes I think you would have better luck with EQ directly than to deal with court. In this case, I would say probably better luck with the CRA instead of the OC (court). Let us, or at least me know how this goes and I will keep my fingers crossed for you. Good luck.