In doing my own investigating, I found out some very useful information about the CRA's. The employees of all 3 CRA operate under a quota system, whereby each employee is expected to process all of the disputes of an individual consumer in less than 4 minutes.Worse still, the "codes" used by both the CRA's and their subscribers(the furnishers)are limited in number and rarely describe the actual basis for the consumers dispute. So with that being said, dispute, dispute, dispute... And if the dispute comes back verified, redispute, and ask for MOV. Do not back down, if you know you are right. You will pervail!
Even if you send the CRA full documentation, supporting your dispute, the employee who is investigating your dispute, reduces your letter, documentation, etc., to a 2 digit code, which then gets sent to the furnisher(OC), not the documentation, just the code. The furnisher(OC) never even sees the documentation supporting your dispute, only the 2 digit code. The CRA's do not convey the full dispute or forward any documents to the furnisher, which as a result, nearly all consumer disputes are verified against the consumer. Dispute, dispute, dispute, and MOV if necessary.
Most definitely! Do not give up. Re-dispute, and if they come back verified, then ask for method of verification. If you ask for MOV, make sure you send the MOV letter, CMRRR, and they will have 15 days to furnish you with how they verified
I sent in some disputes the on the first of July, they told me that they started the investigation on July 8th. It lays in a pile, and when they get around to opening it, that is the date they consider the 30 days to start.
Their 30 days, is different from our 30 days!!!#%&*
ok TNWM, is there anything wrong with me sending a MOV. I have only had 1 dispute & all were inaccurate. I have a CA reporting as accrate...I really do not know anything about it! I have sent a DV to them. Is it best to wait or MOV the CRA now while waiting for something on the DV??
I really want to know. I have not disputed anything that was correct, not even 3 late pmts back in 2001. for those I sent a GW.