Multiple Lates....HELP!

[aquatic1]

As I continue my quest of improving my credit reports I have finally started looking at the lates that are listed on some account.  One in particular doesn't quite make much sense.  My installment loan for my car is showing 8 30 day lates during the time that I DID NOT have the loan.  I got my SUV in June 2006 and starting in 2005 GMAC is showing me with 30-lates.  They are even showing a 30 day late on the month I bought my car and the month after even though payment wasn't due until two months later.  Any suggestions?  Dispute with CRA's, directly with GMAC?  Thank you for all suggestions...

[RobertEG]

File a dispute under FCRA 611(a) directly with the CRAs to which these inaccurate reportings were made.

Request in that letter, after spelling out your dispute, that they convey your full rationale to the OC under FCRA 611(a)(2), and to provide back to you a full description by the OC pursuant to FCRA 611(a)(6)(b)(iii) of the full procedures they used to determine the accuracy and completeness of the disputed information.  Otherwise, you will just get a stupid automated E-OSCAR verifiacation. 

[RobertEG]

To make your life easier, in wading through the words, here is a form dispute letter that I would rip off ASAP:

Dear (CRA) 

This is a dispute under FCRA 611(a) of the accuracy and completeness of the following creditor information that has been reported to you, and is currently contained in your credit file:  Being inaccurately in your credit file, it is leading to an inaccurate, and very harmful, impact on my credit score.

 

(details of dispute)

 

I know that it is common procedure for a CRA to receive consumer disputes under FCRA 611(a), and for clerks at your CRA to then simply reduce such disputes to a simple code under E-OSCAR that only offers a few cookbook codes, and then to forward the dispute for investigation and verification to the original creditor, maybe with an additional brief 30-word data clerk sanitized summary of the dispute.  I demand that my full arguments and documentation be forwarded to the OC, under the requirement of FCRA 611(a)(2)(A). 

 

The normal E-OSCAR referral process that you routinely use is not considered by me to in full compliance with FCRA 611(a)(2)(A), which requires that you provide to the party who has reported information to you that I dispute, “all relevant information regarding the dispute that is received by the agency from the consumer.”

 

I thus request that in any notice of results of investigation provided back to me under this dispute, that you provide to me, under the statutory provisions of FCRA 611(a)(6)(B)(iii), a full written “description of the procedure used to determine the accuracy and completeness of the information” that I have provided.

 

Sincerely.

[Anonymous]

If it is reporting like that on your CR, it is because the creditor is reporting it that way, which means it is likely that way in the creditor's system. You dispute with the CRA and I almost guarantee it is verified.

I would start with the creditor. Call them and ask to speak to someone who is responsible for "credit reporting" or something like that.