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Disputed item not removed after 5 or more tries..

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Anonymous
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Disputed item not removed after 5 or more tries..

Bankruptcy discharge in Sept of 2005. I had a Porsche that was voluntarily repossessed but was included in my bankruptcy. I have a letter from Porsche stating that this was included in bankruptcy. After 5 disputes or more Equifax keeps stating that it is being reported correctly. I have sent them a copy of the letter and Porsche also gave me an audit control number that shows that it was reported to credit agencies. Equifax was given all this info. The girl from Porsche says they don't have to remove if they don't want to.

Shouldn't this be stated that it was included in bankruptcy; not reporting correctly bal due and late payments and voluntary repossession. It's killing my credit.
After I disupted it the last time my fico score dropped 63 points!!!

 

 

Message 1 of 24
23 REPLIES 23
Anonymous
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Re: Disputed item not removed after 5 or more tries..


@Anonymous wrote:

Bankruptcy discharge in Sept of 2005. I had a Porsche that was voluntarily repossessed but was included in my bankruptcy. I have a letter from Porsche stating that this was included in bankruptcy. After 5 disputes or more Equifax keeps stating that it is being reported correctly. I have sent them a copy of the letter and Porsche also gave me an audit control number that shows that it was reported to credit agencies. Equifax was given all this info. The girl from Porsche says they don't have to remove if they don't want to.

Shouldn't this be stated that it was included in bankruptcy; not reporting correctly bal due and late payments and voluntary repossession. It's killing my credit.
After I disupted it the last time my fico score dropped 63 points!!!

 

 


Not sure what's going on here but it should be relatively easily updated to reflect included in BK. I am not sure why you are having so much trouble with this. How are you disputing this, online or in writing? Have you tried calling and speaking to them?

Message 2 of 24
Anonymous
Not applicable

Re: Disputed item not removed after 5 or more tries..

It is true porsche does not have to delete it if they dont want to, but it should be reported as "Included in BK". I would let a lawyer in on it if its killing your score like that, seems the CRA is playing hardball. Play hardball back.

Message 3 of 24
Anonymous
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Re: Disputed item not removed after 5 or more tries..

We worked with the credit reporting agencies and had great luck getting inaccurate items corrected.

 

But we had an account that continued to report inaccurate information.  I understand that a CRA may verify information without contacting the creditors directly.  One dispute resulted in a response claiming the CRA verified information twice.  We checked with our creditor and they showed no contact from the CRA's.  They did get it cleared up eventually, but if you're running out of energy, an ethical attorney might be helpful.  Sometimes it just takes a little time and effort to make sure everything's correct.

Message Edited by utah2009 on 04-09-2009 07:15 AM
Message 4 of 24
Anonymous
Not applicable

Re: Disputed item not removed after 5 or more tries..

Before you go recommending agencies to handle this, don't waste your money. They can't do anything more than you can and its a myth that they magically accomplish something you can't yourself. If you do it properly, you will. Have you asked yourself if they are so good and special, why you never see a copy of the letters they send to the CRAs, somehow that's their secret sauce they claim. Because there is nothing special about it, and often the CRAs will play more hardball when they know you are part of some mass repair company clientele because they know what you THINK you are accomplishing, "the big guns".
Message 5 of 24
Anonymous
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Re: Disputed item not removed after 5 or more tries..

Good point.  I'm just saying you don't have to give up if you can't make it happen on your own.  Just as I hire a realtor or accountant to help me when it's beyond my knowledge base.  Don't be afraid to hire legitimate qualified help (such as an attorney) to help right things that are being handled incorrectly - it's much better than thinking "if I couldn't do it myself, it can't be done" - it just ain't so.  Incorrect listings on Credit Reporting Agencies can be corrected - sometimes the correction comes in a timely manner - occasionally there are items that take time.  And it's not necessarily a CRA issue, sometimes the info being provided by a creditor is just not accurate.  But keep striving to get the record straight - on your own or with qualified help - both are just fine.
Message Edited by utah2009 on 04-09-2009 07:19 AM
Message 6 of 24
Anonymous
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Re: Disputed item not removed after 5 or more tries..

This has nothing to do with being afraid and they can be reputable, that's good. But the fact is that they are bound by the same laws you are and there is NOTHING they can do that you can't do yourself. It is a self fulfilling prophecy unfortunately because when they get something removed its often for the same reasons you get them removed yourself, the CRA fails to do it in a timely manner and is required to remove it. Nothing to do with specialized skills. You would hire and attorney to help you when you are in jail or getting sued but this is not even close to the same thing. These companies are a room full of computers, canned letters and a bunch of people hired to work $7-10/hour to punch in your information, print, put in envelope and mail. There is no specialized anything. They only legitimately use the statute that allows them to do this for you for a fee to run a business and make money. You could pay someone to go do your grocery shopping for you too but that doesn't mean they have some special skill that allows them to do it and you can't do it yourself. If someone doesn't have time, then I can see them being useful but otherwise, totally unnecessary. But hey, to each their own and if someone is happy with them, then all the power to them, just providing perspective for the other side too. Smiley Happy
Message 7 of 24
Anonymous
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Re: Disputed item not removed after 5 or more tries..

I see your point - I think you are talking about credit repair firms.  I'm glad you see my point, too.  It's always good to hear from both sides.  Thanks for watching out for us!
Message 8 of 24
Anonymous
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Re: Disputed item not removed after 5 or more tries..

I called Equifax again and now suddenly the item is corrected to reflect bankruptcy. My score jumped 30 points suddenly and FINALLY! I have to say I disputed this item at least 5 times; couple by mail; couple by internet; one by phone. I tried each method and this last time I used the fico.com letter that was generated and sent it in with my porsche letter and is now fixed. hmmmm?
Message 9 of 24
Anonymous
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Re: Disputed item not removed after 5 or more tries..

Yay!!!  Good work!
Message 10 of 24
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