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 Posted: Mon Mar 31, 2008 11:28 pm Subject: My Rights for creditors not reporting correct info |
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I have a few debts that I have paid or settled. The debt collector reported the debts paid to 2/3 credit bureaus but not the 3rd (usually equifax). IT HAS BEEN ALMOST A YEAR
I know I could contact equifax and report these false reports but I am wondering if I have any rights to file suit.
The law that comes to mind is:
US Court of Appeals, Ninth Circuit, No. 00-15946, Nelson vs. Chase Manhattan
Since the debt collector failed to properly report the debt as paid / settled, this has cause damage to my equifax credit report. It created defamation towards my character and also created financial injury as I could have possibly been able to get a loan faster or have gotten an unsecured cc instead of secured etc..
Thoughts?
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sajackson81
Joined: 07 Aug 2007
Posts: 7
Debtcc Points: 248
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| Posted: Tue Apr 01, 2008 6:22 pm Subject: |
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I really don't think it would be a good idea to try to file suit in this situation. Not all companies report to all three credit bureaus and from what I understand, sometimes credit bureaus can pick things up from other credit bureaus. They might not be responsible for it showing up on Equifax. And a law suit could take a very long time and take up a lot of your financial resources further damaging your credit in the meantime.
You really need to just break down and file a dispute to get it corrected. The sooner you do this the faster your credit score will increase.
I hope no offense was taken, that is just my thought.
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smckaybiz
Joined: 19 Jan 2008
Posts: 87
Debtcc Points: 2146
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| Posted: Wed Apr 02, 2008 11:19 pm Subject: |
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Follow the disputing way.....it would help you in getting your credit file corrected.
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goodnelly
Debt Samaritan
Joined: 20 Jun 2007
Posts: 632
Debtcc Points: 8494
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