How long for credit bureau to update acct?
Date: Sun, 07/01/2007 - 07:28
Do we wait a little longer or what's the NEXT step to getting this updated as PIF as we agreed upon?
I'm getting annoyed, had she just NOT paid it, it would have come off in a year! Grrrrrrrrrrr
thanks for any help,
ANg
Ang, on any dispute the bureaus are allowed 30-45 days to resolv
Ang, on any dispute the bureaus are allowed 30-45 days to resolve the account.All you can do is wait and hope that it is resolved to your daughter's satisfaction.
I think the credit bureaus have to verify all disputed items bef
I think the credit bureaus have to verify all disputed items before they can update your credit report. Once things have been verified, they will notify you of the outcome. I have done this before and it took about 30 days before the bureaus notfied me of the outcome and updated my report.
Ok, so i'm just impatient! Imagine that! ha ha So another 2 to
Ok, so i'm just impatient! Imagine that! ha ha
So another 2 to 4 weeks! sheesshhhhh.... seems like a long time!
thanks guys!
Ang
P.S. Nice to see ya Cajun, hope ur enjoying ur time off!
Hi Ang-- ok, once a dispute is filed with a credit bureau, th
Hi Ang--
ok, once a dispute is filed with a credit bureau, they then notify the creditor of the dispute. That creditor is then given 30 days to respond. If the creditor does not reply, or if they cannot prove that their data is correct, the credit bureau must remove it from your file. Once the CB gets results on the dispute, they must notify you to let you know the outcome.
The good news there is that you have provided documentation from the creditor. Here's the thing now--under the FCRA, if your report is not changed to reflect the true standing of this account, both the creditor and the CB will be in violation of federal law and you could be entitled to damages. you did everything right on this one, the only thing left to do is wait for the answer. Let us know what they respond with, and hopefully this takes care of that account!
The bureaus will investigate the items in question directly with
The bureaus will investigate the items in question directly with the information provider be it creditor, collection agency or courthouse. They will forward all the relevant information you provide regarding the dispute to the organization that provided the information. After the information provider gets the notice of a dispute from the credit bureau, it again examines and reviews the data provided by the credit bureau. After the information is reviewed, the information provider reports the results to the credit bureau. The credit bureau will then respond to you by mailing you the results of the investigation. Usually the bureaus take around 30 to 45 days to notify you the result. So, do not worry.
Thnks everyone! I just dont'understand if i sent the bureau EVE
Thnks everyone! I just dont'understand if i sent the bureau EVERYTHING including the payment stub along with the letter of PIF why it takes so long.... but i guess it just does and i need to be patient! Wish CA's were as patient when it was time to pay them! ha ha
Again, thanks all,
Ang
Ang--it doesnt necessarily take them that long, but the 30 days
Ang--it doesnt necessarily take them that long, but the 30 days is how long the creditor is allowed to respond. Sometimes they never respond at all, if that happens you need to push the creditor and the CB to delete any and all references from your credit report. I say to push both because if you only push the CB, the creditor can resumbit the info to your credit file later on.
Ok, so it was sent 2 weeks ago now i just need to be patient and
Ok, so it was sent 2 weeks ago now i just need to be patient and wait 2 more weeks.... Patience is NOT one of my virtues! (if u haven't noticed!) ha ha
Thanks again,
Ang
OK, so now i'm ticked off!! (and that's being nice) I got someth
OK, so now i'm ticked off!! (and that's being nice) I got something in the mail today from experian for my daughter stating that this account still remains the same!! WTH is going on here?????
I have the reciept with the money order AND the agreement letter of settlement as PIF!! All sent with my letter to the credit bureau. SO how in the HELL can it remain?!?! If nothing else.... shouldn't it show the $250 they cashed?!?!? It STILL shows $333.00.
Grrrrrrrrrrr, Plz help!!
Ang
P.S. And if they're NOT gonna take it off her credit report i want my money back NOW!!!
File a complaint ASAP with your attorney general, and the bankin
File a complaint ASAP with your attorney general, and the banking commission.
UPDATE: Went to the post office and they checked the money orde
UPDATE: Went to the post office and they checked the money order, it has NEVER been cashed!! WTH?!?!? They put a trace on it and if it's NOT cashed within 10 days from today they will refund my money....
I don't get it!! They harass and harass my daughter then we send a dv letter, it's validated, so THEN we send a settlement letter and they counter offer and we accept and send payment immeidately!! THEN, they don't cash the money order? And i KNOW they recieved it cuz it was sent return receipt!
ARGHHHHHHH!!
So now what?!?!?
thanks for any advice,
Ang
Ang--the best thing you can do at this time is contact the credi
Ang--the best thing you can do at this time is contact the creditor directly. Inform them that they agreed to a settlement with you, and that you paid them. Tell them that you sent the payment via money order, CMRRR, and that you can prove both that you bought the money order, and that they received it. At this point they are the only ones that can tell you anything either way about this. One more thing--if they try to pull some crap about "we dont have payment so that settlement is now no longer available....", be sure to stand your ground. You can prove that you bought the money order, you can also prove that it hasnt been cashed yet, so they cannot claim you only did it, then cashed it in yourself. Right now, it may not feel like it but you hold all the aces. They need to investigate and find out why they have not applied this payment to the account. Dont worry, this will all work out. Keep us updated.
Ok Sky i'll try to give them a call but what i don't get is....
Ok Sky i'll try to give them a call but what i don't get is.... i KNOW it got to them before the date they gave me. Why would they NOT cash it??? I mean it's NOT like they gave me this huge discount! Took 50 bux off! Whoopie!
I need to settle down over this before i call them also, cuz dont' wanna say something in anger! Figured i'd be over it by this morning, but i'm NOT!
Do these CA's "really" wanna get paid?!?!
Doesnt' seem so to me and i was thinking of calling the hospital that hires this CA and let them know what's going on!!!
Ang
Should i call the original creditor, hospital, and explain this
Should i call the original creditor, hospital, and explain this to them and send them the info i have?
Thanks for any advice,
Ang
Well well well, go figure, i went to post office to check on thi
Well well well, go figure, i went to post office to check on this money order and before the 10 days are up to refund my money they cashed it!!
WHY IN THE HECK did they wait this long? Now i try to get back to her credit report to see if it's updated and i have to now wait on them to send me some code thru USPS to get in! A paid report too!
SIGHS!
Can't wait to see how it's posted on her report though!
And btw.. i'm working on my patience! Always nice to have more virtues! :)
Ang