Credit Report Disputes
Amazingly, as long as the big 3 credit bureaus have been in existence, there has never been a fine for sloppy practices or ignoring consumer disputes.
One has to ask, are they that well run, or has oversight been that sorely lacking?
This is a question that will likely be addressed by the agency of the coming year.
One of the thorniest issues will be finding a way to disentangle individuals credit. For instance, when there is a divorced couple with one being a responsible bill payer, and the other not. Thsi tangling can become a credit untangling nightmare.
Surprisingly, if you extrapolate from comments made by Chi Chi Wu, a lawyer at the National Consumer Law Center focussing on consumer credit issues "We would like to see matching <social security number> based on all nine digits of the social security number." that implies at least to us, that someone's credit with a similar personal history, just a number or two off from my social security number, could have a big impact on my own personal score.
These are things well worth the time and effort of the board to sort out.
Marcadis Singer, PA
5104 South Westshore Blvd.
Tampa, Florida 33611
info @ marcadislaw.com
(888) 547-1881
(813) 288-1881
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