I have an entry that is on all three credit bureau files. I have submitted disputes several times to all three bureaus stating that it does not belong to me and every time it comes back as verified and not removed. I sent a debt verification letter to the CA and received a letter back that states:
Mr. Smith Account number ******* referenced above is no longer in our office and should not be on your credit file. We apologize for any inconvenience this may have caused. Sincerely, Tom Edwards Sr. Vice President
I sent this letter to all three credit bureaus disputing this entry again. Today I received a letter from TransUnion stating that the entry remains and is verified again. I called TransUnion and asked how it was verified and they stated that the company verified my name, address, phone number and social security number. They also acknowledged the letter was from them but said the negative entry was not ready to be removed from my account and told TransUnion to not remove it so they didn't. How can they do this? What grounds do I have? I haven't heard back from Experian and Equifax yet.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.