Free credit report 3 Buffalo

A willful and negligent failure to do so is violation number 1 free credit report 3 Buffalo of the FCRA.

One wonders then when in fact it turns out that certain Credit Reporting Agency ["CRA"] procedures, or miss thereof, assure maximum possible inaccuracy of information in the consumers credit report. Are we to take it that the words of a federal law mean exactly the opposite of what free credit report 3 Buffalo they say? Legally, philosophically, morally, one would think not. A trade line on your credit report provides certain standard items of information about an account you have, such as the name of the company ( say a department store, for example), the companys address, the account number, the current balance on the account, the terms of the credit, and so forth. Any of this information could in fact turn out to be incorrect, but the item of information we will address in this article is that free credit report 3 Buffalo definite and critical identifier for the CRAs, free credit report 3 Buffalo the account number. One would think that such a mundane piece of information as an account number couldnt possibly cause free credit report 3 Buffalo that much trouble, and in a sense that is true.

What actually causes free credit report 3 Buffalo the problem is when the account number free credit report 3 Buffalo for the same account gets changed, and sometimes morphed repeatedly, so that the identity of the actual account is free credit report 3 Buffalo greatly obscured. free three credit report When this is allowed to happen, the CRAs super computers, employing simple logic but lacking intelligence, assume that an account is the same, or a free credit report 3 Buffalo match, when it has the same account number, and that it is different when it does not. Therein can lie free credit report 3 Buffalo the source of much headache, aggravation free credit report 3 Buffalo and damages for a consumer, and much denial of responsibility from the CRAs.

Let us say that Consumer An is receiving bills for a .00 balance on free credit report 3 Buffalo a department store credit card.

Consumer A never applied for such a card free credit report 3 Buffalo and therefore the debt cannot be free credit report 3 Buffalo his.

He suspects someone stole his identity and opened the account using his social security number and other private information. After numerous phone calls and letters back and forth, the department store agrees that it is not Consumer As debt after all and tells Consumer A not to worry about it, that theyll free credit report 3 Buffalo take care of it. 3 credit reports and scores Naturally, Consumer An is now relieved and assumes that it will be taken care of, i..e., they will stop billing him for the invalid debt and it will be deleted from his credit report.

The free credit report 3 Buffalo account number, by the way let us say it is 1234567890 and that free credit report 3 Buffalo is the way the CRAs are reporting it on Consumer As credit reports.

Consumer A notifies the CRAs by certified mail of the situation, along with documentation, and they all delete the previously reported trade line within a month. ]] About four months go by and Consumer An is dismayed to receive in the mail a letter from free credit report 3 Buffalo a Debt Collection Company named Pit Bull. Pit Bull, in its letter, states that it is collecting a debt on behalf of the department store (the same one that earlier told Consumer A free credit report 3 Buffalo not to worry about it, that they would take care of it and delete it fromhis credit report.) Pit Bull shows the debt now as , having tacked on a penalty and a default charge or attorneys fees), but informs Consumer free credit report 3 Buffalo A that, although he owes immediately the full amount of , they will take free credit report 3 Buffalo as a full payment.

They cant guarantee free credit report 3 Buffalo Consumer A that the department store free credit report 3 Buffalo will reinstate him in good graces vis-à-vis his credit card (the one that was neer his in the first place) but if he pays them the at least they will stop dunning him. federal free credit reports The account number on the letter is free credit report 3 Buffalo now 123DEPTSTRE890.

A few months later Pit Bull furnishes the account 1234567890 as 123DEPTSTRE890 to the CRAs, showing the account as a charge off, amount , and a note that the trade line will be reported for the next seven years!