Jump to content

Sign in to follow this  

Bank slip...

Recommended Posts

I have a situation that includes a cc debt the TD bank would neither validate or go to court for resolution. Instead they corrupted my credit report and left it at that. As I understand it, in the US before you bring a defamation lawsuit against the bank, it is best to request the CRA provide documentation on this account. Legally they have 30 days to provide this information or remove the account. Can anyone tell me if this applies to Canadian rules?

Edited by Exeler18

Share this post

Link to post
Share on other sites

Well, that's not exactly how it works in the US. TD Bank is the original creditor (OC) and they do not have to validate validate - collection agencies have to validate - they are subject to the FDCPA. The original creditor has to report accurately - They are subject to the FCRA.


You can dispute what TD bank is reporting. You dispute it with the credit reporting agency. If it comes back verified, that means they think they are reporting accurate information. Then you would send them and FCRA dispute (623 dispute) telling them they are reporting inaccurate information. I wouldn't sue them unless it really is incorrect. They're not obligated to settle or do anything other than report accurate information.

Share this post

Link to post
Share on other sites

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.

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.

Sign in to follow this  

  • Today's Birthdays

    No users celebrating today.
  • Member Statistics

    • Total Members
    • Most Online

    Newest Member

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
  • Create New...

Important Information