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Account Number Morphing – Yet another obstacle to accurate consumer credit reporting

The Federal Credit Reporting Act ["FCRA"] is mandatory for credit reporting agencies like Experian, Equifax and Trans Union "to follow reasonable procedures to ensure the highest possible accuracy information in'…." consumer credit report [] "The voluntary and negligent failure to do so is a violation of the FCRA number. One wonders, when in fact is that any credit institution ["ARC"] procedures, or lack thereof, provides possible inaccuracy of the information in your credit report consumer. Are we to believe that the words of a federal law means exactly the opposite of what they say? Legally, philosophical, moral, do not think so.

An "online business" in the credit file provides some standard information that you have, as the name of the company (Ie, a department store, for example), the management company's account number, the current account, credit terms, and so on. All this information might actually be wrong, but the piece of information we address in this work is defined as the identification and criticism of the agencies rating, account number.

One might think that such mundane piece of information as an account number not cause many problems that, in a sense, is true. What really causes the problem is when the account number for the same account is changed and becomes sometimes several times, so that the identity real account is considerably obscured. When you allow this to happen, the rating agencies supercomputers, using a simple logic, but the failure of intelligence, suppose that an account is the same, or match, when you have the same account number, and are different does not work. It is there that can locate the source of pain headache, worsening the damage to many and a consumer, and denial of responsibility, although the rating agencies.

An example might be useful to illustrate. Let's say a consumer is billed $ 600.00 balance on a credit card shops. A consumer does not request the card, and therefore the debt can not be yours. He suspects that someone has stolen your identity and opened the account through your Social Security number and other private information. After many phone calls and letters back and forth, the store agrees that this is not the use of debt, after all, and said the consumer should not worry, that "take care of it." Naturally, a consumer is relieved and suppose to be "treated", i.. E., stop debt sales as invalid and is deleted from your credit file. The account number, by the way – say it is 1234567890 and this is how agencies qualifications should include consumer credit reports A. A consumer notifies the rating agencies by certified mail of the situation, and documentation and all of them remove the line of commerce in a month previously.

About four months passed and one consumer was shocked to receive by mail a letter from a company debt collection called "Pit Bull". Pit Bull, in his letter, said to collect a debt on behalf of the department store (the same as above The consumer "I do not worry, that it would take and destroy
your credit report.) Pit Bull shows the debt now only $ 850, after having delivered fined $ 50 and a "default charge" of $ 200 or attorneys' fees), but an informed consumer, even if it is immediately the total amount of $ 850, have $ 450 as payment in full. We can not guarantee that consumers shop reinstate him into the well through vis-à-vis credit card (which was never yours in the first place), but if paid at least $ 450 will cease to raise. The account number on the card is now 123DEPTSTRE890. A few months later gives the account Pit Bull 123DEPTSTRE890 1234567890 to rating agencies, which shows the account as a "charge off", the amount of $ 850, and a note that online trading will be submitted for next seven years!

A consumer is now disabled. Called the store and reiterated his story that the store had already considered, in accordance with not owe the debt and that "we take care of it" for him. These words come as a disturbing consumer representative said that we feel now, the account is now with collections, and can not intervene as it is now the hand. The consumer also seeks to clarify the situation with a Pit Bull, but other than being cursed and said to "pay the damn bill," which leads nowhere. Discuss with the rating agencies with certified letters, to give a full report on the situation and a statement that in any way and never owe the debt. Two of the three rating agencies soon after the removal of online commerce after A consumer report, but one does not work. Reporting to customers check with the supplier (Pit Bull) and the provider "Verified" with information provided the debt was valid.

A few months pass and consumption begins to feel a frenzy. It is the search for a home refinancing, but say will have to clear the line of trade show derogatory about one of his credit reports as a first step. He also denied credit in a couple of occasions where suspected that the result of self-derogatory statement.

A consumer report began religiously checking credit, and discover that the account is provided by another collection company, Viper, Inc., and the account number has changed again, this time "732 ******". Our consumption is the same discouraged. He tries to communicate with the Viper, Inc., but they are equally bad and, where appropriate, more venomous Pit Bull.

At this stage, a consumer is a firm lawyer handling your case and file a lawsuit on his behalf. Among other things, the complaint accuses the other of the CRA a "violation of reintegration." What the CRA did in this instance was "intentional and negligent violated conditions for the reintegration of 15 USC Section 1681i (a) (5) (B) the information of reintegration adverse credit report from the applicant after he had questioned, without certification or notification. "(Although the account number has been changing, always the same has referred all the time. The CRA in question removed and reinstall the same account without notifying consumers, a no-no.)

After the account is removed and replaced, the CRA does not notify the consumer within 5 business days to re-insert the account information. The irony all this is that the CRA then argues that the "reintegration" of the bill was not his fault because he had a different account number, and how They are supposed to know that the same account?

How, indeed! It was typical of the CRA rules, or lack thereof, to facilitate the reintegration to occur. The CRA argued that had they known it was the same account, would have given up, however, is that CRA helped Pit Bull and Viper, Inc., and by the bodies arrived, still to change the account number on the same account, in short, effectively disguising from the CRA team that makes no identity, similarities or differences.

It is regrettable that the rating agencies often take the word of the collection of entities unpleasant or bad reputation to challenge consumers (See previous article on the other side of the sordid business of Credit Reporting) is inconceivable that the rating agencies allow collection agencies to the effect of concealing the identity of own accounts, rating agencies, then the blame on the same system that helped create! This mess would be laughable if it was not because of frustration both consumer and pain.

About the Author

Robert F. Brennan, Esq. is a principal with Brennan, Wiener & Associates, an AV-rated law firm in La Crescenta, CA.  His firm specializes in consumer protection litigation, including
false credit reporting
and abusive debt collection.  He can be reached at:
http://socalcreditdamage.com

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