topic Re: Credit Report Help in Rebuilding Your Credit

Credit Report Help

Anonymous — Sat, 09 Aug 2008 11:08:21 GMT

I have talked to all 3 CRB and they have all told me the same thing.

I wrote a letter to Midland on March 19th, they received and signed for it on March 21st.

They have not verified that the account they have on my CR is mine to this date. Yet, no any of the 3 CRB will take the item off. They said that they get verification that it is mine and it is up to me to prove it.

What do I do now?

Midland had 5 reports on my CR's and I have had them all taken off except for this one. And I am having major problems with this one.

Thanks

Re: Credit Report Help

Anonymous — Sat, 09 Aug 2008 12:21:14 GMT

Another thing how can they report me 90+ days late 22 times after the last date of activity which was October 2004

90+ days late 22 times (Dec 2007, Nov 2007, Nov 2007, Sep 2007, Aug 2007, Jul 2007, Jun 2007, Apr 2007, Mar 2007, Dec 2006, Nov 2006, Nov 2006, Sep 2006, Jul 2006, Jun 2006, May 2006, Apr 2006, Mar 2006, Feb 2006, Jan 2006, Dec 2005, Nov 2005)

Re: Credit Report Help

Anonymous — Sat, 09 Aug 2008 15:03:22 GMT

If you do not believe this is your account and they have continued reporting after receiving DV, but haven't validated, then I"d file a complaint with the BBB.

It took the full 30 days for them to respond, but filing a compliant with the BBB worked well for myself.

Just state in your complaint what they are in violation of and that it isn't your account.

Re: Credit Report Help

Anonymous — Sun, 10 Aug 2008 01:09:25 GMT

Thanks I will do that.

Re: Credit Report Help

RobertEG — Sun, 10 Aug 2008 05:28:11 GMT

I would not waste any time with the BBB.

They are not a legal party to any requriements of the FCRA, and have no legal investigation requirements.

I would immediately file a request with each CRA that they investigate the legitimacy of the data reported to them. They have a legal obligation, upon a consumer inquiry, to investigate in the first instance. Make them do the investigation.

Re: Credit Report Help

Anonymous — Sun, 10 Aug 2008 06:04:24 GMT

While it is true that the BBB can not legally do anything, many(including myself) have had great results with the BBB.

The CRA only have to verify that the information they are reporting is the same information the creditor is supplying.

It is not up to the CRA to enforce FCRA/FDCPA upon the CA.

Unless the consumer provides the CRA with solid documents proving this is not their debt, such as a ID theft affidavit, as long as the creditor verifies the information they have provided, the account will remain.

RobertEG wrote:

I would not waste any time with the BBB.

They are not a legal party to any requriements of the FCRA, and have no legal investigation requirements.

I would immediately file a request with each CRA that they investigate the legitimacy of the data reported to them. They have a legal obligation, upon a consumer inquiry, to investigate in the first instance. Make them do the investigation.

Re: Credit Report Help

Anonymous — Sat, 30 Aug 2008 10:39:34 GMT

Midland verified with BBB. They sent BBB a 2 page list of credit file. Out of the whole 2 pages there are 3 charges, 2 payments and the rest their monthly charges, overdraft charges, etc. They say it is for an Aspire Visa and they purchased it from Jefferson Capitol

My question they sent nothing that I signed for. They said that they did not answer my DV letters because I did not respond with in 30 days of there request which was in 2006 I never received anything from Midland.

Midland has this as an open credit on my CR

MIDLAND
- - - - -
- Account No.: ************
- Condition: Open
- Balance: $1476
- Type:
- Pay Status: Late 120 Days

Where do I go from here. On my hard copy of CR it states the Date of status is 10/2004. If this was an Aspire Visa and they purchased from another collection agency how can it be an open account. Then they mentioned to BBB that they amount is higher then the original amount because they can add interest.

Re: Credit Report Help

Anonymous — Sat, 30 Aug 2008 11:02:55 GMT

I also wanted to mention that TU just this week deleted this account from my CR. If TU deleted doesn't that me that they could not verify?

Re: Credit Report Help

Anonymous — Sat, 30 Aug 2008 12:10:00 GMT

Did TU delete because of a dispute?

If so, it doesn't mean that the CA couldn't verify, it could be because they didn't respond or any other reason.

Harpo wrote:
I also wanted to mention that TU just this week deleted this account from my CR. If TU deleted doesn't that me that they could not verify?

Re: Credit Report Help

Anonymous — Sat, 30 Aug 2008 12:11:10 GMT

Need to check your state statutes to see what CA are legally able to add and what they can not.

What state are you in?

Is this listed in the "collections" section of your reports or the TL sections.

Re: Credit Report Help

Anonymous — Sat, 30 Aug 2008 12:51:46 GMT

sidewinder

I am in VA and it is listed in my accounts section.

I disputed with TU and EX and TU sent me an updated report with that item as deleted along with others. I posted about that in another thread.

Re: Credit Report Help

atlastontheroad — Sat, 30 Aug 2008 16:58:02 GMT

RobertEG wrote:
I would not waste any time with the BBB.
They are not a legal party to any requriements of the FCRA, and have no legal investigation requirements.
I would immediately file a request with each CRA that they investigate the legitimacy of the data reported to them. They have a legal obligation, upon a consumer inquiry, to investigate in the first instance. Make them do the investigation.

In my experience, the BBB route in conjunction with filing complaints with the AG of both states (California and your state of residence) and FTC is groundwork to getting MCM to sit up and pay attention. I only reached this point AFTER my MOV requests were ignored AND I had gone to an attorney who told me that for a $418 balance, I'd do better on my own.

So, as part of a consciously created plan of attack, I don't think BBB is a waste of time. While I don't know anyone who has had fabulous results with demanding that the CRAs investigate the legitimacy of the data, it's part of a coordinated strategy.

Frustrating? Yep, I know it is. It takes time. Pay attention to what the BBB sends you that originates in MCM's offices and you may find another approach!

atlast.....