All of us making $2,500 per violation.
Date: Sun, 12/10/2006 - 16:03
Many of us here have scavanger agencies such as NCO and Assest Acceptance putting wrong activity dates on our credit reports. That would be the "date opened" entry. So if the debt is SoL or really old it appears on your report to be as new as a few months ago.
The following information was found on Hibb's site. It says this violation is not a grand per but a full $2,500 per. Many of us could make a bundle if we knew how to file. Does anybody know? Has anyone here done it?
Please read the following post from Bud Hibbs pages.
According to the FTC’s complaint, defendants NCO Group, Inc.; NCO Financial Systems, Inc.; and NCO Portfolio Management, Inc. violated Section 623(a)(5) of the FCRA. The law specifies that any entity that reports information to credit bureaus about a delinquent consumer account that has been placed for collection or written off must report the actual month and year the account first became delinquent. In turn, this date is used by the credit bureaus to measure the maximum seven-year reporting period the FCRA mandates. The provision helps ensure that outdated debts – debts that are beyond this seven-year reporting period – do not appear on a consumer’s credit report. Violations of this provision of the FCRA are subject to civil penalties of $2,500 per violation.
The following information was found on Hibb's site. It says this violation is not a grand per but a full $2,500 per. Many of us could make a bundle if we knew how to file. Does anybody know? Has anyone here done it?
Please read the following post from Bud Hibbs pages.
According to the FTC’s complaint, defendants NCO Group, Inc.; NCO Financial Systems, Inc.; and NCO Portfolio Management, Inc. violated Section 623(a)(5) of the FCRA. The law specifies that any entity that reports information to credit bureaus about a delinquent consumer account that has been placed for collection or written off must report the actual month and year the account first became delinquent. In turn, this date is used by the credit bureaus to measure the maximum seven-year reporting period the FCRA mandates. The provision helps ensure that outdated debts – debts that are beyond this seven-year reporting period – do not appear on a consumer’s credit report. Violations of this provision of the FCRA are subject to civil penalties of $2,500 per violation.
hmmm im curious as how to file one too as i have one on mine lik
hmmm im curious as how to file one too as i have one on mine like that too plus theother violations i have found that they have done too
That is good information and if I had the time I would invesitga
That is good information and if I had the time I would invesitgate the possinbilites more
scary, this is
With all the people, experiene and knowledge here, no one knows how to go after these companies for the above mentioned infractions.
This is really sad.
It is our fault these companies have no fear of us.
Seems to me that an attorney could file these kind of suits only and make $1,250 per judgement. He could collect thousands of cases and make millions...lotta work, but once the template is set up it would be a done deal.