When it comes to their rights with respect to credit collection agencies, collection agencies and creditors, the Fair Credit Reporting Act and Fair Debt Collection Practices Act are two laws that govern it. You can go to this FTC site and download a PDF file if desired. If you can walk through them and understand them, then credit is better training of law 98% of the staff or any CRA> Collection Agency.
If you are not addicted to the law here are some strategies to get negative information from your report.
There are basically two ways to edit or delete negative information, which requires verification of the accuracy of an article or who question the validity (not mine) of an element.
The first thing to do is to examine the relationship of the incorrect spelling of his name and employer, in addition to the old address would display. Send a letterCRA request that these items are eliminated. It can be argued that the addresses are not relevant and that the names and employers are not accurate. The reason you want to delete these entries is to eliminate the possibility of a collection agency that the debt used to validate a debt. Always communicate in writing, preferably by certified mail, return receipt requested. Although it is more convenient to use the online form on the website of the CRA, you want proof that thecommunication was received and a confirmation email is not as powerful as a green card in the post office.
The next step is to examine each negative element and determine what, if anything, to do about it. Look at the last date of activity. If it is a very old and almost 7 years in the Statute of Limitations (SOL), then it may be prudent to do nothing and let roll.
One of the rights which the law allows is the opportunity to have a voiceverified. You can send a request that an item is checked for accuracy. Include a backup all the data you have (copies not originals). The CRA must investigate any request for verification to prove the debt is yours. This research should be conducted by the CRA within 30 days. If you require verification of a public record as a failure or bond, the CRA can make short work of it for its abundance of public record databases available forthem.
However, if you want to test in an article published by a collection agency to say, is not so simple for them. If you think for a moment, they have millions of files and thousands of requests for validation at any given time, how easy it can be. In some cases, you can delete the item, simply because it is the best business decision to do so. In other cases, if the investigation is not completed within 30 days (not you glad you have a green cardby USPO that shows when the letter was delivered), you can request its deletion.
Validation is not an element that is not correct, prove to me saying it's mine. You can not ask for validation in an article published by the original creditor. However, you may, if requested items sent by collection agencies. If you've spent nuisance calls to the credit bureau may have found that the agency changes time to calltime. This is because your account has been sold again and again. Get entries have the legal right to collect the debt, or that the debt is actually yours, it can be difficult and time consuming as low in the food chain is the collection agency.
Here's an interesting note. If you have a collection agency calling you now to send a letter requesting they validate the debt and the legal rightcollected for the FDCPA (again with a green card). It must stop all collection activities until they respond. No calls, no letters. Unlike the CRA is not time for his response to you.
Take your relationship and begin planning a strategy. Nothing is done until you do something first.
No comments:
Post a Comment