Jump to content

623 letter


The last post in this topic was posted 4033 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Recommended Posts


http://creditboards.com/forums/index.php?showtopic=6086

See post #9

LOL if that doesn't make your head spin nothing will

 

I have been here for 3 years and STILL can't grasp this one LOL

 

A 623 dispute is based upon the FCRA section 623(a)(8) ABILITY OF CONSUMER TO DISPUTE INFORMATION DIRECTLY WITH FURNISHER. You must first dispute the tradeline with each of the CRAs in order to have recourse with the OC if they fail to comply due to § 623. (subsection c) LIMITATION ON LIABILITY.

 

The new thing here is that effective July 1, 2010, a new FTC rules and regulations requires the OC to answer per the Fair and Accurate Credit Transactions Act of 2003 (FACT Act).

 

In your dispute letter to the OC, you should say you disputed with the CRA and it came back verified (assuming it did) and that you want them to conduct 'an investigation' (important phrasing here, your are not asking for verification, but investigation, per the law).

 

They have 30 days to respond, send your request by CMRRR.

 

If they fail to respond, you have a $1,000 violation of the FCRA (assuming you disputed with CRA first), send ITS letter offering to settle for deletion.

 

If they respond and say verified, write again and ask for proof, if they have verified something you know is inaccurate, send ITS with proof that it is inaccurate, include CRA copy and your proof that it can't be true.

Edited by Menta33
Link to post
Share on other sites

The last post in this topic was posted 4033 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




  • Member Statistics

    • Total Members
      182,730
    • Most Online
      2,046

    Newest Member
    Princessxiv
    Joined
×
×
  • Create New...

Important Information

Guidelines