Check credit report free Montana

A willful and negligent failure to do so is violation number 1 of the FCRA. One wonders then when in fact it turns out that certain Credit Reporting Agency ["CRA"] procedures, or miss thereof, assure maximum possible inaccuracy of information in the consumers credit report.

Are we to take it that the words of a federal law mean exactly the opposite of what they say? Legally, philosophically, morally, one would think not. A trade line on your credit report provides certain standard items of check credit report free Montana information about an account you check credit report free Montana have, such as the name of the company ( say a department store, for example), the companys address, the account number, the current balance on the account, the terms of the credit, and so forth. Any of this information could in fact turn out to be incorrect, but the item check credit report free Montana of information we will address check credit report free Montana in this article is that definite and critical identifier for check credit report free Montana the CRAs, the account number. instant credit report One would think that check credit report free Montana such a mundane piece of information as an account number couldnt possibly cause that much trouble, and in a sense that is true.

What actually causes the problem is when the account number for the same account gets changed, and sometimes morphed repeatedly, so check credit report free Montana that the identity of the actual account is greatly obscured. When this is allowed to happen, the CRAs super computers, employing simple logic but lacking intelligence, assume that an account is the same, or a match, when it has the same account number, and that it is different when it does not. Therein can check credit report free Montana lie the source of much check credit report free Montana headache, aggravation and damages for a consumer, and much denial check credit report free Montana of responsibility from the CRAs. free credit report per year Let us say that Consumer An is receiving bills for a .00 balance on a department store credit card. Consumer A never applied for check credit report free Montana such a card and therefore the debt cannot be his. He suspects someone stole his identity and opened the account using his social security number and other private information.

After numerous phone calls and letters back and forth, the department store agrees that it is not Consumer As debt after all and tells Consumer check credit report free Montana A not to worry about check credit report free Montana it, that theyll take care of it. Naturally, Consumer An is now relieved and assumes that it will be taken care of, i..e., they will stop billing him for the invalid debt and it will be deleted from his credit report. The account number, by the way let us say it is 1234567890 and that is the check credit report free Montana way the CRAs are reporting check credit report free Montana it on Consumer As credit reports. Consumer A notifies the check credit report free Montana CRAs by certified mail of the situation, along with check credit report free Montana documentation, and they all delete the previously reported trade line within a month. get your credit report free ]] check credit report free Montana About four months go by and Consumer An is dismayed to receive in the mail a letter from a Debt Collection Company named Pit Bull.