I have dealt with the issue of disputes and when you file a dispute and it as been closed it is placed in the comment section that you have filed a dispute. By doing this, this has kept me from refinancing my home just because the word dispute was there. The mortgage company said I had to have this removed, so I filed another form to ask for this to be removed it never was. I believe that once the dispute has been closed there should be no indication that there was a dispute filed. You again get penalized for trying to correct mistakes on your report.
Another issue that has come up regarding when an account has been charged off or in my case a repossession of a vehicle I had turn over due to not being released by my doctor to go back to work and my disability ran out , I had no other choice but to hand the vehicle over. then 6 years later I received a 1099 for over $6000.00. Why are consumers having to claim this as income when the company 1 wrote this off 2 retrieved the vehicle and sold it and the IRS is going off of what the company claims I have no record of what the sale of the vehicle went for. Plus the 16% interest they charged me for 4 years.
We keep paying these high interest rates but yet we still have to pay for our credit scores and only receive one free report a year, If we are trying to stay on top of credit fraud and inaccurate information that is not of our doing but from reporting agencies , these agencies should be putting more funds in for these things.
Another thing when these debts are being sold and resold and resold to where you may show up with 1,2,3,4,5, or more accounts which are the same account but since it has been resold many times with different company names and different amounts so you have to some how piece this puzzle together and prove that they are one account and not several different ones. There needs to be some control over this and an account my be old past the 7 years and it looks currant just because it keeps being sold and they keep putting the date they acquired it not the original date of last activity.
rtorres
1
I have dealt with the issue of disputes and when you file a dispute and it as been closed it is placed in the comment section that you have filed a dispute. By doing this, this has kept me from refinancing my home just because the word dispute was there. The mortgage company said I had to have this removed, so I filed another form to ask for this to be removed it never was. I believe that once the dispute has been closed there should be no indication that there was a dispute filed. You again get penalized for trying to correct mistakes on your report. Another issue that has come up regarding when an account has been charged off or in my case a repossession of a vehicle I had turn over due to not being released by my doctor to go back to work and my disability ran out , I had no other choice but to hand the vehicle over. then 6 years later I received a 1099 for over $6000.00. Why are consumers having to claim this as income when the company 1 wrote this off 2 retrieved the vehicle and sold it and the IRS is going off of what the company claims I have no record of what the sale of the vehicle went for. Plus the 16% interest they charged me for 4 years. We keep paying these high interest rates but yet we still have to pay for our credit scores and only receive one free report a year, If we are trying to stay on top of credit fraud and inaccurate information that is not of our doing but from reporting agencies , these agencies should be putting more funds in for these things.
View this comment in the discussion thread
rtorres
2
Another thing when these debts are being sold and resold and resold to where you may show up with 1,2,3,4,5, or more accounts which are the same account but since it has been resold many times with different company names and different amounts so you have to some how piece this puzzle together and prove that they are one account and not several different ones. There needs to be some control over this and an account my be old past the 7 years and it looks currant just because it keeps being sold and they keep putting the date they acquired it not the original date of last activity.
View this comment in the discussion thread