All consumers should check their credit report annually for accuracy. When doing so, keep these common problems in mind. If you find a violation and are not satisfied, please contact me.
1. Carefully review all of your personal information. If your name is misspelled, your credit report lists incorrect addresses or a wrong social security number for you, or someone else's name, these are FCRA violations and should should be addressed.
2. Find the full name and contact information of any company listing tradelines on your credit report. If it hasn't given its full company name and correct contact information, this is a FCRA violation and the tradeline should be corrected or removed altogether.
3. Lingering Tradelines. Look at the date of last activity (DOLA) for each tradeline. Any negative tradelines older than 7 years or positive tradelines older than 10 years have to be removed. If they are not, this is a FCRA violation.
4. Reaged Accounts. Reaged Accounts are tradelines with incorrect dates of last activity, that allow the tradeline to be included on a credit report for a longer period of time than the legal 7 or 10 years mentioned above. Companies that do this may be guilty of willful FCRA violations.
5. Medical debt. Tradelines may not list the name of the health care institution where care was received. If an institution where medical care was provided is listed, it violates recent changes to the Act and the tradeline must be removed.
6. Debts that were not validated. If you mailed a debt validation letter but did not receive a response validating the debt after 30 days, and the tradeline remains on your credit report, a violation of the FCRA has been committed.
Leave a comment