The problem with disputes is the process is weakened by e-oscar. This process sees tons of paper work and faces road blocks. The solution is simply checks and balance and accesses to e-Oscars manual to see procedures for disputing errors on credit reporting. All the major bureaus do it and something must be done to empower the consumer not the credit reporting agency.
The problem is that companies shift credit collection from state to state. This must stop and state laws must be respected in regards to statue of limitations.
To start e-oscar should take internet complaints the same a shad written letters. They do not do that. They take internet disputes differently then they do hand written letter. That is in regards to disputed debts and it is important that the credit bureaus be consistent about the dispute process and the statues of limitations based on state laws. They should also have limits on how many collection agencies they sell the account of too including their shady practice of selling accounts of to collection agencies in different states. Their should be a cap on debts owed and the power that the agencies have on consumers. I think ultimatel it is about the collection agencies not abusing the consumer and helping consumers find ways to keep their accounts out default. A good start to offer consumers to get their accounts out of default would be based on charging consumers a small percentage of % coupled with a promissory note with a date to begin making payments to the debt collector. They abuse the consumers and they should stop it. Overall, the communication process between consumers and debt collectors is flawed with mis communications and a lack of options to pay back what they owe.
quino1974
1
The problem with disputes is the process is weakened by e-oscar. This process sees tons of paper work and faces road blocks. The solution is simply checks and balance and accesses to e-Oscars manual to see procedures for disputing errors on credit reporting. All the major bureaus do it and something must be done to empower the consumer not the credit reporting agency.
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quino1974
2
Something must be done were criminal charges can be pursued if a collection agency continues to harass through phone calls and emails.
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quino1974
3
The problem is that companies shift credit collection from state to state. This must stop and state laws must be respected in regards to statue of limitations.
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quino1974
4
This has to stop. I also think that companies who have their own collection companies should not be allowed to negotiate terms with loan holders.
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quino1974
5
Thanks for the endorsement.
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quino1974
6
I think charges should be pursued.
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quino1974
7
Thanks for the endorsement.
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quino1974
8
To start e-oscar should take internet complaints the same a shad written letters. They do not do that. They take internet disputes differently then they do hand written letter. That is in regards to disputed debts and it is important that the credit bureaus be consistent about the dispute process and the statues of limitations based on state laws. They should also have limits on how many collection agencies they sell the account of too including their shady practice of selling accounts of to collection agencies in different states. Their should be a cap on debts owed and the power that the agencies have on consumers. I think ultimatel it is about the collection agencies not abusing the consumer and helping consumers find ways to keep their accounts out default. A good start to offer consumers to get their accounts out of default would be based on charging consumers a small percentage of % coupled with a promissory note with a date to begin making payments to the debt collector. They abuse the consumers and they should stop it. Overall, the communication process between consumers and debt collectors is flawed with mis communications and a lack of options to pay back what they owe.
View this comment in the discussion thread