topic Re: Dispute issues in Rebuilding Your Credit

Dispute issues

MissMia75 — Wed, 15 Jun 2011 15:36:06 GMT

When a DV is sent to a CA (in my case it was sent certified mail with a return reciept), and it has been confirmed that the dispute has been recieved. isnt it the responsibility of the CA to notify the CRA that the account is being disputed?

Re: Dispute issues

llecs — Thu, 16 Jun 2011 22:19:21 GMT

I don't think it's mandatory. Ideally you wouldn't want them to. Why? While the DOFD will never change, their updating can change the CA's reporting and in some circumstance could hurt.

Re: Dispute issues

MissMia75 — Thu, 16 Jun 2011 22:25:17 GMT

@llecs wrote:
I don't think it's mandatory. Ideally you wouldn't want them to. Why? While the DOFD will never change, their updating can change the CA's reporting and in some circumstance could hurt.

Gotcha!

Re: Dispute issues

RobertEG — Thu, 16 Jun 2011 22:48:31 GMT

A DV letter is not a dispute under the FCRA. It is a request for debt validation under the FDCPA, The CRAs are not a party to debt validation practices under the FDCPA.

There are no reporting codes for actions under the DV process, including the sending of collection (dunning) notices, DV requests, or response thereto.