Here is my opinion of the travesty that the CRA is putting you through YOU DONT HAVE TO INVOLVE A CRA IN YOUR DISPUTE. Your dispute resides with the accuracy of what was reported, not with that fact that they reported it. The CRA has no ability to make any determination on the facts of a dispute, and thus is suiperfuous to the process.
Never, ever, never, ever file a dispute through a credit reporting agency.
They are just a middle-man in the process, and really have no right to censor or request anything involved in any disptue you have with someone who has posted disptued information to your credit file.
Congresss realizedt the normal stupidity of this process, and thus enacted FCRA 623(a)(8), providing consumers with direct dispute rghts to contact, directly, the party who posted the disputed information.. While implementation of this section of the FCRA was delayed until 7/1/2010, the final enacting reguations have now been published at 16 CFR 660.4, giving the consmer the right, as of 7/1/2010. to totally bypass the CRA, and to disptue directly with the party who reported the disputed information to the CRA.
Kick EX to the curb.
Suggested Direct Dispute letter to the party (OC or CA) who posted with the CRA:
“This is a Notice of Direct Dispute with you, under the provisions of FCRA §623(a)(8)(D), of the accuracy of information you have reported to my credit file.
► (If sent to a debt collector, (CA), it might be beneficial to also include the blurb:
► This is a direct dispute of your credit reporting, and is not a request for debt validation/verification under FDCPA §809(b).
(don’t let them just simply sluff it off as a meaningless DV letter)
“In compliance with FCRA §623(a)(8)(D), and enacting regulations published at 16 CFR § 660.4, this Notice of Direct Dispute includes:
“Identification of the specific information being disputed:
(specify the account number, and the specific information that is disputed under
that identifying account)
“Basis for the dispute:
(how the reporting was inaccurate; was any reporting in violation of any statutory or
regulatory provisions? Or account or express agreements, or CRA reporting gudelines? Not my account?)
“Supporting documentation:
(all documents that support your dispute; Make sure to include,
as part of your documentation, at least a copy of the portion only of your
recent credit report showing their reporting of the disputed information was
actually reported to your credit flle. The implementing rule requires showing
that it appeared in your credit report, but not a copy of your entire credit report.)
“Under the provisions of FCRA §623(a)(8)(E) and 16 CFR §660.4,, you have the duty to review all of the information I have provided to you, to complete your investigation of this Direct Dispute within 30-days of my Notice of Direct Dispute, and report back to me the results of your investigation within 5-days after your completion of your investigtion.”
“Should you find the disputed information to be inaccurate or incomplete, or you cannot verify the accuracy or completeness of the disputed information, you are additionally required, under FCRA 623(b)(1)(E), to promptly notify the credit reporting agencies of deletion of this information from my credit file.”
