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FCRA confusion


iAMbritaz
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The last post in this topic was posted 3693 days ago. 

 

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So far I have been fairly successful in repairing my credit. The PsychDoc Transcripts have been VERY HELPFUL. However, I am a bit confused as to what I can accomplish as far as disputing inaccuracies is concerned. I apologize in advance if this question has been asked before I just can't seem to find the answer!

 

My question is;

 

If the payment amount reported and the date the account was opened is inaccurate on my report, can I request that the CRA remove the negative reporting associated with these accounts? I have 3 "30 Day Lates" that I'm desperate to get removed.

 

If so, do I have to dispute this information with the OC first? My fear is that they will update the information as soon as they receive the letter and I'll be back to square one.

 

FCRA 628; states that "a person shall not furnish and information relating to a consumer to any CRA if the person knows or has reasonable cause to believe that the information is inaccurate"

 

FCRA 628 (1)( B) states that " A person shall not furnish information relating to a consumer to any consumer reporting agency if

(i) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate;

and

(ii) the information is, in fact, inaccurate

 

THIS IS WHERE I'M CONFUSED... A person who clearly and conspicuously specifies to the consumer an address for notices referred to in subparagraph

( B) shall not be subject to subparagraph (A); however, nothing in subparagraph ( B) shall require a person to specify such an address.

 

A correspondence address is indicated on my CR for the OC. Does this mean that they can report inaccurately and there is nothing I can do about it.

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I wouldn't dispute as "the dates are incorrect" or anything like that. What result do you want: the account deleted entirely? or the lates removed?

Sorry, sorry still getting the hang of things.

 

I just want the lates removed. The account is still open so I doubt they would remove it anyway.

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Sometimes a regular dispute on an open account can get the entire account removed. Read up on "good will letter" and see if this can be handled that way.

I tried that already. :( I followed the suggested order of operations when triaging my report.

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