Do you sometimes feel like you need a superhero to jump in and save the day? Battling with these large companies who don't even want to fix their own error can be pretty exhausting! Here's a tip that might help:
I recently helped a client who had a 30 day derogatory on an auto loan that wasn't even in existence. My client's credit report clearly showed the open date of the loan and the derogatory was dated nine months before it opened.
The company that kept reporting this derogatory, even through numerous disputes through the bureaus to get the item deleted. My client called somewhere in between 2-5 times a day until finally, she made a complaint with the FTC. It's very important to understand that misreporting an account is not only negligent, it's against the law. Filing a complaint with the FTC alerts them to unfair, unlawful business practices. I urge anyone experiencing negligent reporting to the credit bureaus of an open or closed account to report it. If it happened to you, chances are it's happening to someone else.
When you file a complaint, the FTC keeps a log on how many complaints are filed against a company and if they see a pattern it will lead to the government filing action against that company. This could lead to a class action lawsuit.
Once you have made the complaint, send a copy to the company and send a copy to the bureaus. Don't forget to send them certified mail. Keep a copy in your files as well.
If all of these efforts don't resolve your disputes, and you feel like you need additional help, please email us realresultscredit@yahoo.com. We have many affordable options to fight the disputes for you. Many of our methods yield results in as little as seven days.
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