topic Re: Do CRA report info to each other? I need help in General Credit Topics

Do CRA report info to each other? I need help

WillCredit1 — Tue, 04 Mar 2014 19:23:53 GMT

I have about 5 negative reports that were remove from Transunion and Equifax but they're still on Experian. My Experian credit score is 100 points less than the other CRAs.

Can someone tell me if the CRAs report info to each other? Are they supposed to? Can I have the other two send the info to Experian? Should I contact the creditor instead? What's the most efficient way to contact them and get success?

If anybody has encountered this, please share your story with me.

Re: Do CRA report info to each other? I need help

-Wade- — Tue, 04 Mar 2014 02:55:50 GMT

@WillCredit1 wrote:
I have about 5 negative reports that were remove from Transunion and Equifax but they're still on Equifax. My Equifax credit score is 100 points less than the other CRAs.
Can someone tell me if the CRAs report info to each other? Are they supposed to? Can I have the other two send the info to Equifax? Should I contact the creditor instead? What's the most efficient way to contact them and get success?
If anybody has encountered this, please share your story with me.

No they do not ! They get the info from your lenders

Re: Do CRA report info to each other? I need help

Creditaddict — Tue, 04 Mar 2014 02:55:27 GMT

@WillCredit1 wrote:
I have about 5 negative reports that were remove from Transunion and Equifax but they're still on Equifax. My Equifax credit score is 100 points less than the other CRAs.
Can someone tell me if the CRAs report info to each other? Are they supposed to? Can I have the other two send the info to Equifax? Should I contact the creditor instead? What's the most efficient way to contact them and get success?
If anybody has encountered this, please share your story with me.

nope, they don't contact eachother or share info.

can be a plus or very annoying like you are finding!

Re: Do CRA report info to each other? I need help

WillCredit1 — Tue, 04 Mar 2014 03:10:15 GMT

If they don't then how can you make them report info to each other? If you can't do that, Can you ask the lenders to report to all 3 bureaus? How do you resove this?

Re: Do CRA report info to each other? I need help

Anonymous — Tue, 04 Mar 2014 03:17:49 GMT

@WillCredit1 wrote:
If they don't then how can you make them report info to each other? If you can't do that, Can you ask the lenders to report to all 3 bureaus? How do you resove this?

They are separate agencies and do not 'report' to each other. Lenders are not required to report at all only that if they do it must be accurate.

Moving to Gen Credit

Re: Do CRA report info to each other? I need help

WillCredit1 — Tue, 04 Mar 2014 03:33:12 GMT

Right now, they are reporting inaccurate info to equifax. Can I force them to delete them?

Re: Do CRA report info to each other? I need help

Anonymous — Tue, 04 Mar 2014 04:56:57 GMT

@WillCredit1 wrote:
Right now, they are reporting inaccurate info to equifax. Can I force them to delete them?

Can you force who? If your TLs are reporting inaccurate information you'll have to file disputes through Equifax's website. Are these open accounts, collection accounts?

Re: Do CRA report info to each other? I need help

WillCredit1 — Tue, 04 Mar 2014 16:19:56 GMT

One public record and 3 collections.

Re: Do CRA report info to each other? I need help

RobertEG — Tue, 04 Mar 2014 17:38:55 GMT

The CRAs have no independient way to verify the accuracy of anthing in their files, and thus cannot report that information to other CRAs with any basis for concluding it is accurate, or verifying its accuracy if disputed. Disputes filed via a CRA are required to be forwarded to the furnisher for investigation, If the CRA were the funnisher, there would be no way to forward to themseleves for verification. Furnishers are those who have the information to support the accuracy of their reporting.

No party is required to report to any CRA, or to report all information on an account to the CRA.

FCRA 623(a)(1) governs reporting by requiring that information must not knowingly be inaccurate when reported, and FCRA 623(a)(2) requires a furnisher, once having reported information, to promptly update that reporting so as to maintain its current accuracy. Section 623(a)(2) is the statutory basis to rely upon if a furniher's reporting is currently inaccurate.

You can dispute the accuracy of any information of record in your file by way of dispute via the CRA.

You can optionally dispute the accuracy of information directly with the party who reported the information, with the exception of public record information, credit inquiires, and personal identifier information. Disputes related to those items must be done via a CRA.

In most cases it is preferable to use the direct dispute process if it applies.

Re: Do CRA report info to each other? I need help

WillCredit1 — Tue, 04 Mar 2014 19:28:04 GMT

Let me ask a more direct question. I've disputed one public record and 3 collections with all 3 bureaus. Transunion and Equifax have deleted them but Experian has not. What can I do?

Re: Do CRA report info to each other? I need help

Anonymous — Tue, 04 Mar 2014 20:58:12 GMT

@WillCredit1 wrote:
Let me ask a more direct question. I've disputed one public record and 3 collections with all 3 bureaus. Transunion and Equifax have deleted them but Experian has not. What can I do?

If Ex is reporting the debts as verified and you state they are not your debts, file a complaint with CFPB. Be prepared to upload whatever documentation you have to show the accounts are not yours.

Re: Do CRA report info to each other? I need help

RobertEG — Wed, 05 Mar 2014 03:24:52 GMT

That would not be my recommended first step.

You need to first know why the deletions occured, and the outcome of each dispute to clearly show any violation by the CRA.

When you file a dispute with a CRA, they are required, except for public record information, to forward a copy of the dispute to the party who furnished them the disputed information. That party must then conduct a reasonable investigation of the accuracy, and respond back to the CRA.

The CRA then makes the final determination, and must send a Notice of Results of Reinvestigation to the consumer within 5 business days after the conclusion of their 30-day reinvestigation period.

It is quite possible that the furnishher verified the accuracy with the CRAs still reporting, and decided to not verify with only the deleting CRA.

Or they could have simply deleted their reporting as conclusion of the dispute with that CRA.

You can tell how the CRA reinvestigation was concluded by reviewing their Notice of Results of Reinvestigation, which must have been provided at the conclusion of each dispute.

Did that notice say they deleted after finding the information to not be verifiable, or did they verify and the furnisher delleted on their own?

Until the reason for the deletion is known, a dispute based on assertion of violation by the CRA is premature.

Re: Do CRA report info to each other? I need help

Anonymous — Wed, 05 Mar 2014 03:57:08 GMT

@RobertEG wrote:
That would not be my recommended first step.
You need to first know why the deletions occured, and the outcome of each dispute to clearly show any violation by the CRA.

When you file a dispute with a CRA, they are required, except for public record information, to forward a copy of the dispute to the party who furnished them the disputed information. That party must then conduct a reasonable investigation of the accuracy, and respond back to the CRA.
The CRA then makes the final determination, and must send a Notice of Results of Reinvestigation to the consumer within 5 business days after the conclusion of their 30-day reinvestigation period.

It is quite possible that the furnishher verified the accuracy with the CRAs still reporting, and decided to not verify with only the deleting CRA.
Or they could have simply deleted their reporting as conclusion of the dispute with that CRA.
You can tell how the CRA reinvestigation was concluded by reviewing their Notice of Results of Reinvestigation, which must have been provided at the conclusion of each dispute.
Did that notice say they deleted after finding the information to not be verifiable, or did they verify and the furnisher delleted on their own?

Until the reason for the deletion is known, a dispute based on assertion of violation by the CRA is premature.

I would agree. I am assuming that these debts have been verified as erroneous by 2 out of 3 CRAs. Based on that assumption, any investigation by EX should have turned up the same results.

Each CRA has their own process but if the public record was proven to be incorrect most bureaus pull from the same verifying sources.

Re: Do CRA report info to each other? I need help

WillCredit1 — Wed, 05 Mar 2014 13:21:17 GMT

I used Lexington law and they were successful in removing the public record and the 3 collections off transunion and equifax. But experian haven't removed them. I'd like to do this on my own.

Re: Do CRA report info to each other? I need help

RobertEG — Thu, 06 Mar 2014 01:56:00 GMT

Public record information is an entirely differtent species, which normally results in a different reinvestigation procedure by the CRA.

Public record information usually does not get into your credit report by was of reporting by a "furnihser" who is a party to the accoung or collection of a debt.

The CRAs hire their own internal searches of public record information, and supplement their files based on what is found in the public record.

Thus, their reason for being exempted from the direct dispute process, as their is usually to classical "furnisher" to direct a dispute.

I have no idea for the basis of deletion of the public record information by two of the CRAs, and not the third.

Perhaps the two CRAs simply did not take the time to research the current public record information.

If the remaining CRA checked the public record and found it to still reflect the current reporting, they will verify on their own, with no involvement of anyone else.

So the issue is whether the public record information is still accurate.

What is the status of the currrent public record? If it has been vacated or deleted, then you would have support for a dispute.

However, if the currrent public record is still reporting, then there would be no basis for contesting that its inclusion in your credit report is inaccurate.

The CRA would have no basis to check with the reporter of the public record information and require them to verify. They take the currrent reproting as accurate.

Re: Do CRA report info to each other? I need help

Anonymous — Thu, 06 Mar 2014 05:43:50 GMT

@WillCredit1 wrote:
I used Lexington law and they were successful in removing the public record and the 3 collections off transunion and equifax. But experian haven't removed them. I'd like to do this on my own.

Although they have been removed, they can be re-inserted if the CA updates the CRs.

Re: Do CRA report info to each other? I need help

WillCredit1 — Thu, 06 Mar 2014 19:18:48 GMT

I don't think they were ever removed. Experian has always been a pain in the rear for me when it comes to removing stuff. Is it legal to re-insert a negative entry after it's been removed?

Re: Do CRA report info to each other? I need help

RobertEG — Fri, 07 Mar 2014 19:02:35 GMT

Yes, it is proper provided the reinsertion procedure set forth in FCRA 611(a)(5)(B) is followed.

If information is deleted based on lack of verification in a dispute, the information can be reinserted if the lacking verification is later provided.

Any party requesting to reinsert information that was deleted based on lack of prior verification must submit, along with their reporting, a certification that they have inveestigaged and found the information to be accurate. If the CRA receives that formerly missing verification, they can reinsert, and must send notice to the consumer that they have done so.

A furnisher may simply not have had the time to provide verification within the 30 day period imposed on a CRA to conclude their reinvestigation and convey their results to the consumer. The goal of the system is not to block accurate information from consumer files, but rather to ensure its accuracy.