#croa — Public Fediverse posts

Quinze jours passés à l'Observatoire Sirene cet été pour poursuivre différents chantiers, j'ai réussi à consacrer une nuit tranquille pour observer 😅️

Deux cibles ont été couchées sur le papier, deux nébuleuses planétaires proches de la queue de l'Aigle. Il était temps, à une heure du matin en fin de mois d'août, elles ne sont déjà plus qu'à 35° de hauteur.

#astronomie #astronomieamateur #astram #observation #astrodessin #croa

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Das Lied klingt wie ein TikTok-Song mit Bridge zu Chrorus als Vorher-Nachher Effekt. #croa #esc

Das Lied klingt wie ein TikTok-Song mit Bridge zu Chrorus als Vorher-Nachher Effekt. #croa #esc

Wir brauen einen Zaubertrank? #croa #esc

Wir brauen einen Zaubertrank? #croa #esc

Which one works best for you? It's going to depend. And for that, you might want to get professional advice on how to best prepare yourself for the possibility of filing a lawsuit.

#FCRA #CROA #CreditReports

If you're dealing with the second, you might need to show that the bureau has a pattern or practice of ignoring your disputes. This means multiple rounds of letters, lots of documentation, and possible several months of preparation. And again, if they fix it, great, but after several months of stiff-arming you, they might have to pay a significant price.

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#FCRA #CROA #CreditReports

Second, minor or intangible damage, like emotional stress or embarrassment. It's hard to put a price tag on this. Also, if this error is surrounded by other negative, but correct, information.

If you're dealing with the first, a single dispute letter may be enough. If they fix it, great. If they don't, start getting ready for battle.

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#FCRA #CROA #CreditReports

First, major and measurable financial damage. If uncorrected, this error would cause you significant financial harm that you can calculate with basic math. For example, if the error causes you to be denied for a refinance on your mortgage, leaving you with a higher interest rate than you'd get without the error.

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#FCRA #CROA #CreditReports

And the only way to do that is with a lawsuit. (No, the CFPB won't get involved in your individual dispute.)

So before you send out your dispute letter, you need to figure out what plan will give you the most leverage.

And that comes down to two scenarios:

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#FCRA #CROA #CreditReports

Although federal law requires credit bureaus to respond to any dispute in good faith, they don't always live up to that ideal.

Sometimes you have to make them do the right thing.

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#FCRA #CROA #CreditReports

You've pulled your credit report, you've found the mistakes. What do you do next?

Once you've found something on your credit report that's incorrect, obsolete, or incomplete, it's time to take action.

But which action you choose needs to keep the end in mind.

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#FCRA #CROA #CreditReports

If you find any inconsistency, that is something you can legitimately dispute.

And if they refuse to investigate, and refuse to fix the mistake, they are liable for any damages you suffer.

#FCRA #CreditReports #CROA

• Compare it to your bank records. Do the payment amounts match? Do the dates match?
• Compare it to your account statements. Do the balances match? Do the dates match?
• Compare it to your other reports. Do your reports show the same dates, balances, and status across all three major reports?
• Do you have reason to believe someone else's information is in your report?

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#FCRA #CreditReports #CROA

• If a balance or payment amount is incorrect
• If a date is wrong.
• If the status of a loan (i.e. "charged off" or "30 days late") is incorrect
• If it's not your loan to begin with

How can you tell if the information in your report is wrong?

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#FCRA #CreditReports #CROA

And the bureau must investigate, and either correct it, or delete it.

So what kind of mistakes violate the "maximum possible accuracy" standard?

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#FCRA #CreditReports #CROA

"Maximum possible accuracy" is the standard your credit report is held to.

That means if your report has information that isn't correct, you have a right to dispute that incorrect information.

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#FCRA #CreditReports #CROA

If a negative account on your report is missing a critical piece, you'll have the right to challenge it and get it either corrected or removed.

Tomorrow, we'll talk about inaccurate items on your report.

#FCRA #CreditReports #CROA

Sometimes you'll see that some of the fields are blank. And sometimes, those blank fields are items they MUST have in their file. Like we talked about yesterday, they MUST have a Date of First Delinquency on a collection account to determine when it must be removed.

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#FCRA #CreditReports #CROA

When you look at your credit report, you might find multiple items that seem incomplete. For example, most types of accounts will list several items that ordinarily report, like balance, date of last payment, and account status.

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#FCRA #CreditReports #CROA

If it's incomplete, they must delete.

The law concerning credit reports, the FCRA, allows you to dispute "any item of information" that is "incomplete." Once you dispute, the bureau has a duty to investigate that incomplete information and either correct it, or if they can't correct it, delete it from your report.

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#FCRA #CreditReports #CROA

If you have an account on your report that should be removed, you can dispute it.

If your report doesn't have the DOFD or removal date, or the date is wrong, you can dispute that, too.

We'll talk about disputes shortly.

#FCRA #CreditReports #CROA

Your report should contain one of the following items for any collection or charge-off account: a "date of first delinquency" (DOFD) or a date the item will be removed (removal date)

The date of first delinquency allows you to calculate when the item will come off. It's that date plus seven years, plus 180 days.

The removal date should be seven years, plus 180 days, from when the account went into unpaid status—usually the date you first missed a payment.

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#FCRA #CreditReports #CROA

Federal law requires most negative items to come off your report in seven years - ten for a bankruptcy.

The seven-year period for collections and charge offs being 180 days from the date of the "commencement of the delinquency" that led to the collection or charge off.

So when you first missed a payment, and it led to a charge off or collection, that's the relevant date.

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#FCRA #CreditReports #CROA

Yesterday, we told you that you don't have the right to remove items from your credit report.

Unless they fall into one of three buckets: old, wrong, or incomplete.

What does it mean to have a credit account that's too old to report?

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#FCRA #CreditReports #CROA

And if you know how to dispute these, you can clean up your credit report form anything that's wrong, incomplete, or too old to report.

Over the next few days, we'll talk about these.

#FCRA #CreditReports #CROA

Now, here's the good news: negative items in anyone's credit report will often have some fatal flaw you can challenge:

• a number or a date that's clearly wrong
• an item that's clearly not yours
• a blank space where they MUST have some information

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#FCRA #CreditReports #CROA

Here's the truth: you don't have the right to remove ANYTHING from your credit report.... unless it's inaccurate, obsolete, or incomplete.

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#FCRA #CreditReports #CROA

"Remove ANYTHING from your credit report in just 24 hours!"

If you've seen this online, take it with a grain of salt. In fact, just grab the whole salt shaker.

Because it's too good to be true.

And it's actually illegal for credit-repair "specialists" to make you this promise.

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#FCRA #CreditReports #CROA