Fight credit bureau stalls
with FACTA & FCRA method
You may have noticed
if you are correcting your credit yourself that often you will receive
letters back from the credit bureaus (CRA) that they have completed
their investigation and the results are not favorable... Account
remains! This happens often and consumers get stuck in the credit
repair process at this point and are unsure what to do next. How
do you argue it, how do you get them to change their results.
The key to victory
is: FACTA-FCRA 611-312 Method
The credit bureaus are
obligated by law to contact the furnisher of information
when you request that they investigate an item. If that furnisher
of information replies back to the CRA that the account is to remain
unchanged then the credit bureaus will pass that information along
to you. At that point in the dispute process you need to question
the CRA on the information they received from the source and ask
that they show you what was received to prove the account is to
remain. By doing this you are forcing the credit bureaus to actually
provide you with what they received as valid proof and if all they
received was a reply from the source stating "to remain"
then the source did not do their job in investigating the item as
they should have. You can then put pressure on the source to prove
it or remove it.
The law
that provides this protection
You can use both the FCRA section 611 (a) (7) and 623 plus the FACTA
to apply pressure. FACTA is a new law passed earlier this year.
Under FACTA §312 a furnisher of information must do the following
BUT you have to follow procedures as described exactly in the FACTA
or it will not work. That means no shortcuts and it's not VOD (validation
of debt).
The remainder of
this article plus many more credit repair and debt collection defense articles
along with the credit repair debt collection success strategies ebook, sample
letters (over 40!) are for Members only but it's only a one time fee of
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