topic Re: 200 point DROP today! in Rebuilding Your Credit

200 point DROP today!

Anonymous — Mon, 18 Feb 2013 16:19:01 GMT

Just updated my credit report today and noticed a new judgement. Previously, I had a judgement from American Express for $12,000 on all 3 CBs, but I got Equifax and TransUnion to delete because I paid and satisfied it already. But it only remained on Experian. So I disputed it again with Experian. And guess what? Today it shows that my Amex judgement on Experian is gone, but it's been replaced by a judgement from USAmeribank with an outstanding debt of $800,000!!! My Experian score plunged over 200 points! Total BS! That USAmeribank judgement belongs to a family member who lives in the same city and had the judgement filed with the same court, but my name is nowhere on it.

How the heck could Experian add a judgement to my report that belongs to someone with the same last name, but my first name is nowhere to be found on it?

Talk about a big step back!!!

Is there some executive office I can call at Experian to take care of this immediately so that I don't have to wait weeks to get it removed?

Re: 200 point DROP today!

rckstrscott — Mon, 18 Feb 2013 16:18:29 GMT

@Anonymous wrote:
Just updated my credit report today and noticed a new judgement. Previously, I had a judgement from American Express for $12,000 on all 3 CBs, but I got Equifax and TransUnion to delete because I paid and satisfied it already. But it only remained on Experian. So I disputed it again with Experian. And guess what? Today it shows that my Amex judgement on Experian is gone, but it's been replaced by a judgement from USAmeribank with an outstanding debt of $800,000!!! My Experian score plunged over 200 points! Total BS! That USAmeribank judgement belongs to a family member who lives in the same city and had the judgement filed with the same court, but my name is nowhere on it.

How the heck could Experian add a judgement to my report that belongs to someone with the same last name, but my first name is nowhere to be found on it?

Talk about a big step back!!!

did you say 800k?!?!?!?!?!?!?!?!

Holy. Crap.

Re: 200 point DROP today!

Anonymous — Mon, 18 Feb 2013 16:23:51 GMT

Personally I'd work through the county clerk (I assume they are the reporting entity), they could verify the info and update the CRAs in a matter of days. Dispute with CRAs and you may be stuck with the whole 30 day waiting game.

Re: 200 point DROP today!

rckstrscott — Mon, 18 Feb 2013 16:28:27 GMT

@Anonymous wrote:
Personally I'd work through the county clerk (I assume they are the reporting entity), they could verify the info and update the CRAs in a matter of days. Dispute with CRAs and you may be stuck with the whole 30 day waiting game.

Courts and clerks do not report public records. These come from third party verification to the CRA, so going to the clerks office to clear this up won't help things, because there wont be anything to clear up. When you get there, you will clearly see the public record is not in your name.

-scott

Re: 200 point DROP today!

starry1 — Mon, 18 Feb 2013 16:35:39 GMT

That bites, but it should be easy enough to have removed.

Re: 200 point DROP today!

Anonymous — Mon, 18 Feb 2013 16:37:49 GMT

I looked up the public record on the court's website just to verify and my name is NOWHERE on it.

To add further mystery to this: I just noticed that in addition to the judgement, 4 revolving accounts that don't belong to me were added to my report. Seems isolated to Experian as this judgement and these new accounts aren't showing as being reported by EQ and TU.

1 of the accounts is a KD paid collection from 2010.

1 is a closed Macy's card that was opened in 1989 that was "paid satisfactorily" so I'm sure that one is actually helping my score as my oldest account on my credit before this was from 1995.

1 is a CBNA account (no sure who CBNA is) that was opened in 2008 but is now closed, had a $700 CL, but was paid satisfactorily -- not sure if that one is helping or not since it had a low CL.

The last 1 is a Macy's card that was opened in 1997 and is still OPEN and is current with no lates so far as I can see (but it's only showing me the last 24 months of payment history). I'm guessing I want this one off too because there's no telling if the person might pay late at some point in the future!!

@rckstrscott wrote:
@Anonymous wrote:
Personally I'd work through the county clerk (I assume they are the reporting entity), they could verify the info and update the CRAs in a matter of days. Dispute with CRAs and you may be stuck with the whole 30 day waiting game.
Courts and clerks do not report public records. These come from third party verification to the CRA, so going to the clerks office to clear this up won't help things, because there wont be anything to clear up. When you get there, you will clearly see the public record is not in your name.

-scott

Re: 200 point DROP today!

fishbjc — Mon, 18 Feb 2013 16:37:10 GMT

Well, someone with my husbands close name or ss filed bk....it ended up on his report and we lost our dream house over it. Took forever to get it taken care of.

Wish there was an easy or quick solution.

Re: 200 point DROP today!

rckstrscott — Mon, 18 Feb 2013 16:39:38 GMT

@fishbjc wrote:
Well, someone with my husbands close name or ss filed bk....it ended up on his report and we lost our dream house over it. Took forever to get it taken care of.

Wish there was an easy or quick solution.

Esp experian. They love to play God/dess...

I had a public record for years on there that didn't belong to me. I was able to remove it after many disputes by getting a notorized copy of the public record in question, and alligned every possible reporting feature from it to my experian report, and sent to to them CMRRR saying 'see, this is clearly not mine. keep pushing and I am going to sue you" -- that finally worked.

Re: 200 point DROP today!

fishbjc — Mon, 18 Feb 2013 16:41:58 GMT

anyone watch the 60 minutes special two weeks ago on credit bureaus? Quite the eye opener!

Re: 200 point DROP today!

Anonymous — Mon, 18 Feb 2013 16:42:23 GMT

@fishbjc wrote:
Well, someone with my husbands close name or ss filed bk....it ended up on his report and we lost our dream house over it. Took forever to get it taken care of.

Wish there was an easy or quick solution.

That's terrible!!

I'm going to call Experian's CEO's office and speak to his secretary and see if she can help. I just tried and it looks like Experian HQ is closed today for President's Day, but I will call tomorrow.

Re: 200 point DROP today!

Anonymous — Mon, 18 Feb 2013 17:11:57 GMT

@rckstrscott wrote:
@fishbjc wrote:
Well, someone with my husbands close name or ss filed bk....it ended up on his report and we lost our dream house over it. Took forever to get it taken care of.

Wish there was an easy or quick solution.
Esp experian. They love to play God/dess...

I had a public record for years on there that didn't belong to me. I was able to remove it after many disputes by getting a notorized copy of the public record in question, and alligned every possible reporting feature from it to my experian report, and sent to to them CMRRR saying 'see, this is clearly not mine. keep pushing and I am going to sue you" -- that finally worked.

I really hope it's not that hard. I don't have the patience to wait for more than one dispute. If the CEO's secretary won't help me and they reject my first dispute after that, I will walk into a courthouse and sue them very rapidly for defamation and libel. That ought to get their attention.

Re: 200 point DROP today!

fishbjc — Mon, 18 Feb 2013 16:46:02 GMT

I'd say that would get their attention!

Re: 200 point DROP today!

Epcot — Mon, 18 Feb 2013 23:49:08 GMT

Wow, that's crazy. Sorry to hear this happened to you. Hope you can take care of it quickly!

Re: 200 point DROP today!

Shogun — Tue, 19 Feb 2013 01:22:37 GMT

Hopefully it will come off of their fast and easy. If not, then maybe a small claims lawsuit will do the trick.

Re: 200 point DROP today!

starry1 — Tue, 19 Feb 2013 02:12:34 GMT

Hey OP, the Experian number I called is 800-509-8495.

Re: 200 point DROP today!

llecs — Tue, 19 Feb 2013 02:29:47 GMT

Legit or not, know OP that your FICO score didn't decrease 200 points. FAKO is as FAKO does. Definitely takes steps to get it removed though.

Re: 200 point DROP today!

Anonymous — Tue, 19 Feb 2013 05:32:13 GMT

Well if you dispute it and they come back verified..... I have one simple abbreviation for you and I can guarantee if you have proof that it does not belong to you it will get removed. The magic word is CFPB.

EQ I fought with for months and had proof. Reported to CFPB gone in seven days.

TU had a major issue that dropped my score 32 points. Never could get it resolved even with proof. Filed with the CFPB. Ten days later the COO of TU called me personally " with the help of a high up agent resolved my problem in four hours" His comment was " All this CFPB stuff is new to us however we take it very seriously"

Just make sure you go though the normal dispute process before you file with the CFPB.

Good luck.

Re: 200 point DROP today!

Anonymous — Tue, 19 Feb 2013 16:11:00 GMT

@starry1 wrote:
Hey OP, the Experian number I called is 800-509-8495.

Thanks! But it says I need a repot number. I bought a report from Experian's website but there is NO report number on it. Only a member ID number and that's not working for the automated system. Any ideas?

Re: 200 point DROP today!

Anonymous — Tue, 19 Feb 2013 16:12:12 GMT

@Anonymous wrote:
Well if you dispute it and they come back verified..... I have one simple abbreviation for you and I can guarantee if you have proof that it does not belong to you it will get removed. The magic word is CFPB.

EQ I fought with for months and had proof. Reported to CFPB gone in seven days.

TU had a major issue that dropped my score 32 points. Never could get it resolved even with proof. Filed with the CFPB. Ten days later the COO of TU called me personally " with the help of a high up agent resolved my problem in four hours" His comment was " All this CFPB stuff is new to us however we take it very seriously"

Just make sure you go though the normal dispute process before you file with the CFPB.

Good luck.

AWESOME advice. Thank you! I checked out their site and it seems they have a very neat and organized form for submitted just such disputes. I will certainly do this if Experian doesn't delete it after the first dispute. MANY thanks for telling me about CFPB. First time I've ever heard about it on these boards!

Re: 200 point DROP today!

starry1 — Tue, 19 Feb 2013 16:14:48 GMT

Well, no. I had a report number because I had a hard copy report. That's where I got the phone number from.