Credit bureau report Sioux City

One would think that such credit bureau report Sioux City a mundane piece of information as an account number couldnt possibly cause credit bureau report Sioux City 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 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 credit bureau report Sioux City not. Therein can lie the source of much headache, aggravation and damages for a consumer, and much denial of credit bureau report Sioux City responsibility from the CRAs. Let us say that Consumer An is receiving bills for a .00 balance on a department store credit card.

Consumer A credit bureau report Sioux City never applied for 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 credit bureau report Sioux City agrees that it is not Consumer As debt after all and tells Consumer A not to worry about it, that theyll take care of it. your credit check Naturally, Consumer An is now relieved and assumes that it will be taken credit bureau report Sioux City 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, credit bureau report Sioux City by the way let us say it is 1234567890 and that is the way the CRAs are reporting it credit bureau report Sioux City on Consumer As credit reports. Consumer A notifies the CRAs by certified mail credit bureau report Sioux City of the situation, along with documentation, and they all delete the previously reported trade line within a month. ]] 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. Pit Bull, in its letter, credit bureau report Sioux City states that it is collecting a debt on behalf of the department store (the same one that earlier told Consumer A not to worry about it, that they would take care of it and delete it fromhis credit report.) Pit Bull shows the debt now as , having tacked on a penalty and a default charge or credit bureau report Sioux City attorneys fees), but informs Consumer A that, although he owes immediately the full amount of , they will take as a full payment. credit scores credit reports They cant guarantee Consumer credit bureau report Sioux City A that the department store will reinstate him in good graces vis-à-vis his credit card (the one that was neer his in the first place) credit bureau report Sioux City but if he pays them the at least they will stop dunning him.

The account number on the letter credit bureau report Sioux City is now 123DEPTSTRE890. A few months later Pit Bull furnishes the account credit bureau report Sioux City 1234567890 as 123DEPTSTRE890 to the CRAs, showing the account as a charge off, amount , and a note that the trade line will be reported for the next seven years! He calls the department store and reiterates his story credit bureau report Sioux City that the department store had earlier investigated, agreed with him that he did not owe the debt and that credit bureau report Sioux City they would take care of it for him. These words come back to haunt Consumer An as the representative now tells him that they are credit bureau report Sioux City sorry, the account is now with credit bureau report Sioux City collections, and that they cannot interfere as it is now out of their hands.

Consumer An also tries to clarify the situation with Pit Bull credit bureau report Sioux City but, other than being cursed at and told to pay the damn bill, he gets nowhere. credit information He disputes with the CRAs with certified letters, giving a full account of the situation and credit bureau report Sioux City a statement that he categorically does credit bureau report Sioux City not, and never did, owe the debt.