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Sure, you can sue just about anyone for anything. Whether or not it is worthwhile is another issue. You can sue creditors for any number of things, breach of contract, bait and switch, violation of anti-trust laws, slander, and so on, The thing that creditors fear most... class action suits. Every debtor has the legal right to file such a suit against creditors and CRA's.
What else can I help you with?
Can a creditor remove collection accounts from my credit report?
Yes, a creditor can remove collection accounts from your credit report if they agree to do so or if there is an error in the reporting.
Has the credit reporting agency mistakenly reported you as deceased on your credit report?
If a credit reporting agency has mistakenly marked you as deceased on your credit report, you should contact them immediately to correct the error.
How do you remove a judgment caused by a billing error from your credit report?
First, make sure the creditor has fixed the error on their end. Second, contact all 3 credit bureaus and request a form for mistakes. File with all 3 companies. You can get your free credit report and info on fixing errors at annualcreditreport.com
How do you get addresses for credit cards for bankruptcy?
Get a copy of all three credit reports. The addresses and/or phone numbers of all your creditors should be listed on the report. You should also include the addresses listed on your statements so that in case your credit report has an error your creditor will still get notice of your bankruptcy.
Why isn't my auto loan showing up on my credit report?
There could be a few reasons why your auto loan isn't showing up on your credit report. It's possible that the lender hasn't reported the loan to the credit bureaus yet, or there may be an error in how the loan information was reported. It's important to contact your lender to ensure they are reporting the loan to the credit bureaus accurately.
What should you do if a collection item is on a report as unpaid for 3 years and the balance owed is incorrect?
First, call the creditor and ask them to correct it. Then, dispute the error with the 3 credit bureaus.
If the original creditor is not reporting a debt to your credit report but their collection agency is can the original creditor instruct the agency to have the item removed in return for full payment?
YES, THE CREDITOR WILL REQUEST FOR EITHER PARTIAL PAYMENT OR FULL PAYMENT. ASK FOR A LETTER STATING THAT THIS COLLECTION WAS PAID IN FULL AND THAT YOU HAVE A ZERO BALANCE. ALSO; REQUEST THAT THIS LETTER STATES THAT THIS ACCOUNT NEEDS TO BE DELETED IN ERROR, SO THAT YOU COULD SEND THIS LETTER TO THE BUREAUS AND HAVE THEM DELETE THIS ACCOUNT OFF YOUR CREDIT REPORT AND RAISE YOUR CREDIT RATING.
How do you get wrong information off your credit report?
Go to the website for the credit reporting bureau (the major ones are Equifax, Experian and TransUnion) that has the error. There will be a link to the form to request a check of the incorrect entry. The agency will send the form to the creditor and ask for a correction or confirmation that it is correct. If the creditor says it is correct, you can place an objection or your explanation why it is incorrect on your report. That will go out with the credit report whenever it is requested. I suggest making sure you have a proper objection before you do that. Consult a local lawyer.
Can a creditor change the date of a charge off?
Yes, a creditor can change the date of a charge-off, but this typically occurs only in specific circumstances, such as correcting an error or updating information in compliance with regulations. However, any changes must be accurately reflected in the creditor's records and reported to credit bureaus. It's important for consumers to monitor their credit reports for any discrepancies and dispute inaccuracies if needed.
How to Remove an Error From a Credit Report?
There are a number of errors that could be present on your credit report, which range from a debt not being yours, to just false information. In fact, over 80% of credit reports contain some kind of error (after all, imagine how many Deborah Smiths there are). Errors on credit reports can potentially lower your credit score and eventually cost you more money in higher interest rates. The lower the credit score, the more difficulty you will have in obtaining credit or loans.It is important to check your credit report regularly to insure that it is error free. The Fair Credit Reporting Act (FCRA) requires that each of the three national credit bureaus, TransUnion, Equifax and Experian, provide consumers with one free credit report per year.Once you have your credit reports, investigate the creditors and information included on the reports and make sure it is all accurate. If you do spot an error on your credit report, you do have the option of disputing the information online by answering a few short questions. The credit bureau will investigate your dispute and has 30 days to respond. This usually involves notifying the creditor, who must provide sufficient proof as to whether the information is inaccurate or not. If the creditor finds that the information is inaccurate, they must notify all three of the credit bureaus and have it corrected. The credit bureau must also provide in writing of the results of the investigation and a free credit report if the findings are a result of a change in the report.You may also choose to dispute an error on your credit report in writing instead of online. If you choose to do so, make sure you include the following:Your full name and address.The information that is incorrect. Make sure to identify the exact item in the report that you are disputing.Include copies of supporting documents, not originals.It is helpful to include a copy of your report with the disputed item identified.Send your letter by certified mail, return receipt requested to keep track of the time period that the credit report receives your letter.It does take a little bit of time to correct an error on a credit report, but in the end it will be reflected in an accurately reported credit score, and will be worth it.
How do you fix a bankruptcy that you did not report?
A bankruptcy is not reported to the credit bureaus by the person who filed the bankruptcy. There are hundreds of operators of databases that collect information from public records and sell them to other institutions such as credit bureaus. Therefore if the bankruptcy is valid, it will be reported and placed in the public records portion of the consumer's credit report and will remain there for the required 10 year time limit. If it is a reporting error by the CRA the consumer should send a letter of dispute, with documenting evidence and demand the bankruptcy be removed from their credit report.
If you report an error on your credit report and it is removed corrected by credit agency how long will it take for your credit score to improve?
It depends on relationship between the creditor correcting the error and the credit reporting agency. It can be done within one day. This is different than how long it takes the lender to update their information from the credit reporting agency. You can tell the bank or lender that you are going to borrow from that you just corrected something. Ask them if they are able to do rescoring. Some can and some can't. They have to have a membership and pay money to the credit bureaus or to some organization in order to do it. Anyway, if they can rescore you, they put in the request, and your score will update in 72 hours.
