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fiancee has bad credit

Date: Wed, 08/03/2005 - 11:08

Submitted by anonymous
on Wed, 08/03/2005 - 11:08

Posts: 202330 Credits: [Donate]

Total Replies: 1


I've found out that my fiancee has outstanding loans, taken out by his ex wife, but in his name. He did not know about this until I checked his credit report, while checking mine. What should I do? what should he do? I have excellent credit, his is understandably poor... how will his score affect mine when we marry?


Hi k

Welcome to the forums. Please let me know if your fianc??e jointly signed the loan agreement with his ex-wife. It can only appear in his credit report if he has legally signed the loan agreement with his ex-wife.

If your fianc??e has not signed the loan agreement with his ex-wife, then he needs to dispute it with the credit bureau that is showing this entry. Please ask him to pull his latest credit report from the other two bureaus also so that he gets confirmed about this incorrect entry. If it is a mistake from the side of the credit bureau, then you will have to send a written letter to them stating your dispute with the portion in error. They will conduct an investigation within 30 days and issue a free copy if any change is made in his credit report.

You can use this sample letter to send to the credit bureau:

Quote:

DISPUTING A NEGATIVE ENTRY THAT DOES NOT BELONG TO YOU.
(Some entries may appear on your credit report that do not belong to you. This could be due to a simple data entry error.)

YOUR NAME
ADDRESS
CITY, STATE, ZIP CODE
SOCIAL SECURITY #

CREDIT BUREAU NAME
ADDRESS
CITY, STATE, ZIP CODE

Date:

To Whom It May Concern:

I am requesting that the item(s) listed below be immediately investigated. The account does not belong to me. Therefore, this credit report does not accurately reflect my true credit history and is detrimental to me.

Credit Report Date:

The following does not belong to me: Entry(ies) issued by

Please return a report reflecting the result of your investigation. Should verification not be provided within 30 days, I expect the above mentioned entry(ies) to be permanently deleted from my credit report.

Sincerely,

Your Name


In the meanwhile, you can also send a letter to your creditor to conduct an investigation on the said entry. If your fianc??e is sure that he has not signed the loan agreement with his ex-wife, then the creditors will have to inform the credit bureau to remove this derogatory remark.

Quote:

DISPUTING WITH THE ORIGINAL CREDITOR

Date

Your Name

Name and Address
of original creditor

Re: Acct # 000-000-000-000

To Whom It May Concern:

This letter is regarding account # 000-000-000-000, which you claim I owe. This is not a refusal to pay, but a notice that your claim is disputed.

I am requesting validation, made pursuant to the Fair Debt Collection Practices Act. Please note that I am requesting "validation"; that is competent evidence bearing my signature, showing that I have some contractual obligation to pay you.

Please also be aware that any negative mark found on my credit reports from your company or any company that you represent for a debt that I don't owe is a violation of the Fair Credit Reporting Act; therefore if you cannot validate the debt, you must request that all credit reporting agencies delete the entry.

Pending the outcome of my investigation of any evidence that you submit, you are instructed to take no action that could be detrimental to any of my credit reports.

If you no longer own this debt, remove the derogatory marks from my credit report per the FCRA. Failure to respond within 30 days of receipt of this certified letter will result in legal action against your company. I will be seeking a minimum of $5,000 in damages for:
1. Defamation
2. Negligent Enablement of Identity Fraud
3. Violation of the Fair Credit Reporting Act

For the purposes of 15 USC 1692 et seq., this Notice has the same effect as a dispute to the validity of the alleged debt and a dispute to the validity of your claims. This Notice is an attempt to correct your records, and any information received from you will be collected as evidence should any further action be necessary. This is a request for information only, and is not a statement, election, or waiver of status.

Best regards,

(Insert your name)

Cc: (Insert a lawyer's name here), Esquire


It is your legal right to dispute any item on your credit report, for any reason. If documented proof that discredits your dispute isn't provided within 30 days, it MUST be removed by law. This is why it is so important to send the dispute form via certified mail. Not only to insure its delivery, but to have documented time of when it was sent.

Regards
Roxette


lrhall41

Submitted by roxette on Wed, 08/03/2005 - 12:53

( Posts: 4009 | Credits: )