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Oh yes...when it comes to online dating, it is possible to get tricked from so many different directions.
First, there are literally tens of thousands of single dating sites fighting for your membership. And as you may ...
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New Today: 6 Last 30 Days: 367 Total Published: 9,502 Total Pending: 158 Contributing Authors: 2,808 Article Views: 5,552,479
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Articles » Finance » Credit » Credit Repair - 3 Reasons To Never Dispute Credit Reports Online
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- Article Views: 377
- Word Count: 565
- Date Contributed: Apr 08, 2008
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| Credit Repair - 3 Reasons To Never Dispute Credit Reports Online |
The Credit Reporting Agencies (CRA) handle a credit rating-system which uses both positive and negative information of consumers’ payment histories to provide a risk-grade rating that estimates your credit worthiness.
I highly recommend you NEVER use their online dispute systems, and here is why:
Reason #1: As most of you know, one factor you have on your side when disputing credit is “time”. The legal thirty-day to forty-five day limit is not a lot time for a credit bureau, creditor, or collection agency to properly investigate a dispute. The Credit Bureaus’ online dispute system is set up in such a way that when you use it, it makes their job not only that much easier but much more cost efficient. The information you put into their limited dispute fields falls right into their electronic verification system.
Reason #2: This is one probably the most obvious. You have no proof or paper trail. Any attorney would advise you that much of credit repair is about good records and paper trails.
Reason #3: At the time the Fair Credit Reporting Act was amended, they put in a section for "Expedited Dispute Resolution" Section 611a(8) the on-line dispute system. It reads as follows:
"…the agency shall not be required to comply with paragraphs 2, 6 and 7 with respect to that dispute if they delete the trade line within 3 days.”
Paragraph 2 requires the CRA to forward your dispute and all related documentation you provide to the furnisher (the one who reported the negative item). Fact: They rarely forward the documentation.
Paragraph 6 requires the CRA to provide you with written results of the investigation.
Paragraph 7 requires the CRA to provide you with the method of verification on request from the consumer.
What they are doing is…
The Credit Reporting Agency (CRA) can delete a disputed trade line for 30 days, then, the trade line can reappear when the furnisher (creditor or collector) reports it again in the next cycle. That is because the CRA is not required to tell the furnisher you disputed it thanks to section 2 being omitted.
Furthermore, you lose your rights to request "Method of Verification" so you lose this powerful tool in the dispute process thanks to Paragraph 7 being omitted.
Finally, another powerful tool we use often is the five-day written notice of re-insertion. Essentially, what that means is that if a credit bureau is going to re-insert a previously deleted item, they must inform you in writing five days prior to re-inserting it. Rarely ever will they give you that notice.
That five-day notice is only required if the credit bureau takes longer then 45 days to complete. IF it is deleted via the expedited system, often completed in three days, the five-day written notice is no longer required.
Remember, the credit bureaus are not your friends, nor are their systems set up to assist you.
Never dispute errors online if you want them permanently removed.
If you are going to dispute items on your credit report, do it in writing, and do it by certified mail with a signed receipt…and preferably have your attorney write the dispute…your attorney will take legal steps if it is not removed at this point!
There is much to be said about credit and credit repair. If you would like to learn more about credit and how to regain your creditworthiness, go to http://www.nca4real.com and discover everything ‘they’ don’t want you to know about credit!
Article Source: UnArchived Articles
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