CreditFactors

Major upgrade to the CreditFactors Knowledgebase

Christine — Wed, 10 Feb 2010 08:41:23 +0000

KBPublisher is the software I’m using to organize CreditFactors subscriber resources and it currently contains 166 articles on credit reporting, disputes, FICO credit scoring, dealing with collectors and lawsuits — all organized by category and searchable. I have been using the free KBPublisher software since 2007 after trying software costing $500 and more and I was [...]

ONE inquiry is the 3rd negative factor for 725 Equifax FICO score

Christine — Tue, 26 Jan 2010 02:57:47 +0000

Sorry I haven’t posted here in such a long time, been SO busy. Below are the Equifax FICO score factors proving that just ONE inquiry can seriously lower the FICO scores. And it’s an OLD inquiry from 1/29/09 — about to be ignored. This was not a credit application, but for an AT& T cell phone. Don’t [...]

Update: White v. Experian class action settlement

Christine — Tue, 20 Oct 2009 08:06:03 +0000

I previously posted White v. Experian et al: CRAs must update SOME discharged accounts after bankruptcy filing with the detailed analysis of the settlement with respect to credit reporting. Recently they sent notices to the class members and here is my post with more information on the settlement: White v Experian class action: how to claim your award for [...]

Collections do NOT have to be disputed “in writing”

Christine — Mon, 12 Oct 2009 20:51:39 +0000

Another interesting excerpt from the Midland / Brent opinion: In addition to clerical mistakes, the Sixth Circuit has also allowed the bona fide error defense for mistakes of law. Jerman, 538 F.3d at 472-73. The debt collector in Jerman sent a letter that included the statement that a dispute of the debt must be made in writing. [...]

Class action: federal court holds “personal knowledge” in debt buyer Midland affidavit “patently false”

Christine — Fri, 09 Oct 2009 04:56:13 +0000

When debt buyer Midland (Encore owned) sued Brent in Ohio state court for an OLD Associates (now CitiFinancial) debt, she retained an attorney who removed the case to federal court. He filed counter claims for violations of the FDCPA as well as Ohio law and went on to file for class certification. Judge Katz recently granted [...]

Experian REFUSING to correct rehabbed student loan and incomplete and false Afni collection reporting

Christine — Tue, 08 Sep 2009 19:44:33 +0000

Here we go again, another student loan Experian reporting problem and insane investigation results along with SYSTEMIC false and incomplete Afni collection reporting and strange Experian legal advice. My email to attorney Chang (Jones Day, counsel for Experian in my case against it) is posted below. 1) Experian’s refusal to report the rehabbed student loan as “paid [...]

My published complaint to the FTC about the Experian lates after charge-off or collection

Christine — Sun, 03 May 2009 05:53:54 +0000

My DRAFT complaint to the FTC is posted at http://credit-reporting-collection-ftc-complaints.info/category/devry-experian-late-payments/ I have not received a response from Experian or DeVry and I’ll snail mail everything next week to the FTC. That DeVry would DELIBERATELY destroy their former students’ credit and lives is beyond belief. Obviously, that’s a school to be avoided at any cost. Very important, I also [...]

Experian’s LACK of reasonable procedures: lates after chargeoff

Christine — Fri, 03 Apr 2009 07:24:33 +0000

TYPICAL Experian OBVIOUS incorrect reporting includes late payments AFTER an account was charged off. The Trans Union FICO score WITH this account (including an incorrect balance), 5 public records and 2 collections is 689. As POSITIVE TU score factor Fair Isaac lists: You’ve recently been paying your bills on time. Your most recent late payment happened 6 Years [...]

Stopping payment on mortgage for investment property with negative cashflow

Christine — Wed, 21 Jan 2009 21:50:37 +0000

Good afternoon, I declared bankruptcy (Chapter 7) in 2007 and did not realize that the loans with Homecomings Financial for my investment property in South Carolina have been discharged as well. Now that I am ready to attend repairing my credit, my question is this: I have continued making payments on that property to HF on a [...]

The extremely important Experian STATUS and DELETION dates

Christine — Thu, 23 Oct 2008 04:12:17 +0000

(click on image for full size) When was this account charged off? How does a CREDITOR know how to rate this account? How does Experian determine when the account is to be deleted? How do FICO scores rate the account? Since Fair Isaac does NOT provide the DETAILS for the scores such as how many months ago an account was [...]