topic Re: Remove Collection with this law ? in Rebuilding Your Credit

Remove Collection with this law ?

911gt34life — Tue, 27 Jun 2023 13:46:55 GMT

does anyone know if using the law 15 U.S. Code 1681e (B) could use this to remove collection becuase EX TU Has them but EQ does not have this colleciton just wondering if possible get it remove..

Re: Remove Collection with this law ?

Brian_Earl_Spilner — Tue, 27 Jun 2023 14:07:01 GMT

Sure, if you can provide evidence it's wrong. I mean, that's literally what's used when you dispute something. Send them proof it's inaccurate and they remove it. The real question is what you vs the bureaus consider adequate proof.

Re: Remove Collection with this law ?

GApeachy — Tue, 27 Jun 2023 15:10:49 GMT

@911gt34life wrote:
does anyone know if using the law 15 U.S. Code 1681e (B) could use this to remove collection becuase EX TU Has them but EQ does not have this colleciton just wondering if possible get it remove..

What exactly is incorrect? Is it that 1 of the 3 cb's does not report the collection therefore you believe this is inaccurate reporting? What am I missing?

Re: Remove Collection with this law ?

911gt34life — Tue, 27 Jun 2023 18:39:18 GMT

@GApeachy wrote:
@911gt34life wrote:
does anyone know if using the law 15 U.S. Code 1681e (B) could use this to remove collection becuase EX TU Has them but EQ does not have this colleciton just wondering if possible get it remove..
What exactly is incorrect? Is it that 1 of the 3 cb's does not report the collection therefore you believe this is inaccurate reporting? What am I missing?

Somebody told me because one bureau doesn't have the information is inaccurate therefore the other 2 bureau would have to remove .... I am not a credit lawyer I have no idea if it's true ..

Re: Remove Collection with this law ?

FireMedic1 — Tue, 27 Jun 2023 21:50:27 GMT

@911gt34life wrote:
@GApeachy wrote:
@911gt34life wrote:
does anyone know if using the law 15 U.S. Code 1681e (B) could use this to remove collection becuase EX TU Has them but EQ does not have this colleciton just wondering if possible get it remove..
What exactly is incorrect? Is it that 1 of the 3 cb's does not report the collection therefore you believe this is inaccurate reporting? What am I missing?
Somebody told me because one bureau doesn't have the information is inaccurate therefore the other 2 bureau would have to remove .... I am not a credit lawyer I have no idea if it's true ..

Survery says........................Nope. If anything is inaccurate. Dispute it. If its accurate. Leave it be. Some lenders only report to one bureau.

Re: Remove Collection with this law ?

butterpecan — Tue, 27 Jun 2023 21:33:14 GMT

@911gt34life

Be careful disputing something if it is accurate especially if it is not on EQ but it is on TU and EX. Here is a hard lesson learned just last week:

My highest score was on EQ because they don't have my 2 medical collections on there unlike EX and TU. (keep reading, it makes sense in a minute)

I have a Kohl's charge off from 2016 and it has never been updated since the original charge off - not even once on any of the 3 credit bureaus. Being impatient with the 2 ridiculously small charge off's I have (Kohl's and Firestone) I tried to do an early exclusion on TU for Kohl's. I figured why not, they are now paid in full and they won't do a PFD yet still have several months left.

Fast forward to the result: Bam....minus -50 points on my EQ report. Slap-slap right in the face. Not only did Kohl's verify the debt they updated that bad boy for the 1st time since 2016 on all 3 bureaus which bombed my EQ being the better of the 3 reports for lacking 2 of the 4 baddies I have all around. The update put an otherwise dead derogatory back in the spotlight.

So live and learn but hopefully this makes sense and you can follow with what @FireMedic1 has to say and leave it if it is accurate. I had already tried the EE on TU before I had the helpful advice from great members on here. @Brian_Earl_Spilner and several others explaing why some may not want to wake the beast, it can backfire sometimes.

All 4 of my baddies fall off in under a year and my scores were on their way up. Now EQ just tanked and it is equal to TU and EX. The only good thing that came of it was the advice here that will stay with me moving me ahead. Good luck!

Re: Remove Collection with this law ?

FireMedic1 — Tue, 27 Jun 2023 21:51:08 GMT

@butterpecan wrote:
@911gt34life
Be careful disputing something if it is accurate especially if it is not on EQ but it is on TU and EX. Here is a hard lesson learned just last week:

My highest score was on EQ because they don't have my 2 medical collections on there unlike EX and TU. (keep reading, it makes sense in a minute)

I have a Kohl's charge off from 2016 and it has never been updated since the original charge off - not even once on any of the 3 credit bureaus. Being impatient with the 2 ridiculously small charge off's I have (Kohl's and Firestone) I tried to do an early exclusion on TU for Kohl's. I figured why not, they are now paid in full and they won't do a PFD yet still have several months left.

Fast forward to the result: Bam....minus -50 points on my EQ report. Slap-slap right in the face. Not only did Kohl's verify the debt they updated that bad boy for the 1st time since 2016 on all 3 bureaus which bombed my EQ being the better of the 3 reports for lacking 2 of the 4 baddies I have all around. The update put an otherwise dead derogatory back in the spotlight.

So live and learn but hopefully this makes sense and you can follow with what @FireMedic1 has to say and leave it if it is accurate. I had already tried the EE on TU before I had the helpful advice from great members on here. @Brian_Earl_Spilner and several others explaing why some may not want to wake the beast, it can backfire sometimes.

All 4 of my baddies fall off in under a year and my scores were on their way up. Now EQ just tanked and it is equal to TU and EX. The only good thing that came of it was the advice here that will stay with me moving me ahead. Good luck!

Bingo @butterpecan !

Re: Remove Collection with this law ?

vntrsc — Thu, 29 Jun 2023 15:40:34 GMT

1681e(b)

(b)Accuracy of report

Whenever a consumer reporting agency prepares a consumer report, it shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates.

1. It says "whenever a consumer reporting agency prepares a consumer report". The CRA is not the furnisher (creditor). 1681e(b) says nothing about furnishers. If a furnisher chooses not to report to a particular CRA, that is the choice of the furnisher, not the CRA. A CRA cannot report information that has not been provided to it.

2. Nothing in that section requires all CRAs to report the same accounts. All it says is that a CRA must be careful to accurately report information that has been furnished to it. If American Express reports an account to Experian and Equifax but not to Transunion, then Transunion can't report that account. It doesn't mean that the information given to Equifax and Experian is incorrect.