It's been more than 7 years, 180 days after charge-off and you've got an old account on your credit report. What are you suppose to do? Do you have an account on your credit report whose date has been changed (example company: NCO)? Many of us musicians have had this done before, I know I have.
The FACTA amendment to the FCRA allows you to dispute directly with the creditor and they must respond in 30 days. * Dispute in writing to the CRA telling them the information is obsolete or has been illegally reaged (charge-off date has been changed).
* Submit to the company in a certified envelope a copy of the original charge-off date (collection notice) or last transaction as well as to the CRA.
* You can also call the company and inform them they need to remove the information and mail a confirmation letter or you will file a complaint and have the government pursue action under 623(a), and you will pursue damages under 623(b).
* Give the company 10 days to change the info or you will report them.
* Send copies of the complaint to the FTC and, your state and make clear in your letters your actions.
After you receive your confirmation letter send it to the reporting agency. Initially seven years after the charge off or the last transaction, the account will automatically purge from your credit file. Free Credit Report Amendment
A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months, from www.annualcreditreport.com Free reports will be phased in during a nine-month period, rolling from the West Coast to the East beginning December 1, 2004. Beginning September 1, 2005, free reports will be accessible to all Americans, regardless of where they live.
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