Do Not File Disputes Online with the Credit Bureaus! Why!?

Do Not File Disputes Online with the Credit Bureaus!
Why?  "Expeditious Dispute Resolution" Section in FCRA (Section 611a(8)) states, "The agency shall not be required to comply with the paragraphs 2, 6, and 7 with respect to that dispute if they delete the trade line within 3 days."


Paragraph 2 - Forward your dispute to the creditor along with the provided documentation.
Paragraph 6 - Send you the results of the dispute in writing
Paragraph 7 - Provide the items that verify the information


Disputing your accounts online through this "expedited process" essentially ensures that NOTHING happens permanently or positively to your credit report.  In response to an online dispute (which is ENCOURAGED and desirable by agencies (Equifax, Experian, and Transunion), the agency in question can do 1 of 2 things. 


1 - Delete the item within 3 days.  Sounds great, right?!  Wrong.  If they agency deletes the item within 3 days, the agency does not have to comply with paragraphs 2,6, and 7.   (Paragraph 2)They do not have to forward the dispute to the creditor.  Creditor isn't even notified that the item is in dispute. (Paragraph 6) They do not have to tell you what they did.  (Paragraph 7)They don't have to provide any information needed to verify the information.  What happens here is you file this dispute, you hear nothing back from anybody and when the next period comes back around for the original creditor to report to credit (creditors report information typically every 30 days) - the item reappears on credit EXACTLY as it was before.


2 - Send your dispute using the e-Oscar dispute resolution system that is in place.  This system takes your entire dispute and dilutes it down to 1 of 26 existing codes.  It should be mentioned that over 90% of all online disputes are diluted into one of 5 codes rendering the other 21 codes literally unused or useless.  The creditor then received a notice from the credit bureau with a code about your account (such as code 001 - "not mine"); the creditor checks it's records and replies back - verified account it's yours.
Long story short - the credit agency either does nothing, doesn't tell you it did nothing, and nothing happens OR the credit agency asks the original reporting creditor if they information they reported is correct.  In every single case, the creditor is going to check its records that it used in the FIRST place to report to your credit report and reply back that the information is correct.


Do not put yourself through this experience.  Call a professional credit restoration/repair/consulting company.  Get real advice on how to protect YOUR rights as laid out by FCRA!


Credit Management Solutions LLC
904-579-4312