Method Of Verification...Next Step
Date: Tue, 01/12/2010 - 05:23
I have 2 items on my credit report that I have disputed with all 3 credit bureaus. The accounts came back as verified. I contacted the credit bureaus to ask about method of verification, and they all stated that the information was electronically verified.
I contacted the original creditors, HSBC Bank and Bank of America, to ask for method of verification.
HSBC Bank said that the account was "closed permanently" and sold to Collect America on March 17, 2006. Since they are "no longer the legal owner of the account," they are unable to provide me with any records of the account. (Collect America does not appear on my credit report.)
Bank of America said that the verification of the account was "system generated" for the credit bureaus. They have "no paper trail." However, they do have information about when the account was opened and the account history. They refused to send me records for this account, which they claim is in the Archive Records.
So, what is my next step? Is the inadequate response from the original creditors enough to lodge a second dispute with the credit bureaus? If so, what information should I include in my second dispute?
Also, if the credit bureaus verify the account again, what steps do I take after that?
Thank you in advance for your assistance with this dispute process.
I contacted the original creditors, HSBC Bank and Bank of America, to ask for method of verification.
HSBC Bank said that the account was "closed permanently" and sold to Collect America on March 17, 2006. Since they are "no longer the legal owner of the account," they are unable to provide me with any records of the account. (Collect America does not appear on my credit report.)
Bank of America said that the verification of the account was "system generated" for the credit bureaus. They have "no paper trail." However, they do have information about when the account was opened and the account history. They refused to send me records for this account, which they claim is in the Archive Records.
So, what is my next step? Is the inadequate response from the original creditors enough to lodge a second dispute with the credit bureaus? If so, what information should I include in my second dispute?
Also, if the credit bureaus verify the account again, what steps do I take after that?
Thank you in advance for your assistance with this dispute process.
Do you have any document to support your claim that the original
Do you have any document to support your claim that the original creditors don't have enough documents to validate the account?
But if the items were electronically verified then I doubt that you would get a different reply from the CRAs this time. Did all the three bureaus corfirmed their findings?
My claim is based on telephone conversations with the creditor r
My claim is based on telephone conversations with the creditor representatives.