Automated in that the system checks against another database instead of the original record.
So freezing is a good thing if disputing items on your report?
@tpdtopcop wrote:
Excuse my ignorance but what Will freezing LCI due? Or freezing anything do? So if I dispute my bk with TransUnion, they will go to LCI to verify and if froze it can’t be verified?
These information brokers can furnish any info they have on you to anyone that uses them. So, if you didn't pay a cell phone bill, but it never got reported to the bureaus, but they have that information, they can provide it to whomever is asking. Here's the problem. In an effort to capture the millennial segment, who don't use credit very much, these companies offer a way to judge creditworthiness based on things like your rent, utility, cell phone payments, as well as banking and job history. Freezing them could impact your ability to get credit in the future. And now, Fico is getting in on the action, creating their own algorithms based on that information.
To whom it may concern;
We have received your request to freeze your credit and/or to opt out of any credit reporting that LCI may control.
Please note, LCI provides bankruptcy information to TransUnion, which it obtains from publicly available records throughout the United States. While LCI may provide information to TransUnion. a Credit Reporting Agency (CRA), LCI is not a Credit Reporting Agency. Since LCI is not a CRA, it is unable to place a credit freeze on credit reports. If you would like to a freeze your credit, please contact all three of the nationwide credit reporting agencies – Equifax, Experian, and TransUnion – to request a credit freeze.
If you feel that bankruptcy information appearing on your credit report has been incorrectly matched to your TransUnion credit report, you must contact TransUnion as LCI does not match bankruptcy information to consumer credit files for TransUnion. As stated above, since LCI is not a CRA and only provides the bankruptcy to TransUnion, LCI also does not determine the usage of bankruptcy information in connection with a consumer’s credit score.
To dispute the completeness or accuracy of the bankruptcy information provided by LCI to TransUnion, you may submit a letter of dispute to LCI identifying the specific information being disputed, the basis for the dispute, and including all supporting documentation to substantiate the basis of the dispute. You may contact LCI at:
LCI Consumer Center
P.O. Box 1582
Burlingame, CA 94010
or by phone at 1-650-342-9486, Monday – Friday between 8:00 am and 5:00 pm Pacific time.
Upon receipt, LCI will conduct an investigation with respect to the disputed information and review all relevant information provided. If LCI determines that the bankruptcy information provided to TransUnion was inaccurate, LCI will provide corrected bankruptcy information to TransUnion. If you believe there are other inaccuracies in your credit report outside of the bankruptcy information, you must contact TransUnion to address those inaccuracies.
If LCI determines that the bankruptcy information provided to TransUnion is accurate and you continue to dispute that information, LCI will provide notice of that dispute - if we provide any future bankruptcy information about you to TransUnion.
If you indicated that LCI does not have your permission to share, obtain or store your credit information, as stated previously LCI only has bankruptcy information, which it obtained from publicly available records and permission is not required to obtain publicly available information, nor is LCI required to obtain permission to share or store this publicly available information under applicable federal law or regulation.
Thank you,