Charging Credit Reporting Agencies for info updates?

[Anonymous]

I do not provide Credit Reporting companies with free data - I assume that since they are making money off of their fata they need to pay for any updates I might provide - thus, I deal directly with my bank or credit card companies when trying to update files and generally it works. I also notify credit grantors that there are signficiant errors(at times) in the reports they pulled and that they are entitled to a refund of the fees they paid the reporting company for mis-information.  Anyone else doing this? 

[Anonymous]

I recently had a situation where my auto loan was reported as a revolving item. I filed a dispute with equifax  online and sure enough within 2 days they report to me "item verified as reported correcty"  I had to call the bank directly and the matter was corrected on their end within 24 hours.  I should have asked for a refund from Equifax for the money i spent on my FICO score from FICO. umh???

[Anonymous]

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@Anonymous wrote:

I do not provide Credit Reporting companies with free data - I assume that since they are making money off of their fata they need to pay for any updates I might provide - thus, I deal directly with my bank or credit card companies when trying to update files and generally it works. I also notify credit grantors that there are signficiant errors(at times) in the reports they pulled and that they are entitled to a refund of the fees they paid the reporting company for mis-information.  Anyone else doing this? 

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What are you trying to say?

[jackg]

 Sorry, but I don't understand what you are trying to say. Are you an OC?

[Anonymous]

You have two pathways to correcting data- going back to the original creditor or going through the dispute process...I prefer dealing with original creditors - after all they PAY a fee to the credit bureaus for correct data and data keeping - they have more incentive to fix data that is incorrect. If they receive incorrect data they can apply for a refund of fees paid which puts more pressure on the credit bureaus to get it right.