Answering Reader Questions – 1099C and Credit Report Dispute Issues

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Today I’m answering the following two reader questions. Amie I need advice please about disputing a debt on my credit report. A third-party debt collector added a closed account to my credit report when that account was previously closed two years ago after a stipulated agreement was made between the original creditor and I and … Read more

How to Read the Results of Your Credit Report Dispute

So, you’ve disputed an item on one of your credit reports, and now you’ve gotten your response. Now what? These tips about how to read the results of your credit report dispute can help. 1. Decoding the terminology  First of all, it’s important to understand the terminology you might find in the results of your … Read more

Your Biggest Credit Report Complaint May Be Getting Fixed

Recently the three major credit reporting agencies — Equifax, Experian and TransUnion — agreed to a settlement with the New York Attorney General’s office to overhaul the national credit reporting process to better serve Americans. The agreement includes changes to the credit report dispute process, how some negative information can appear on credit reports and … Read more

FTC Reviews Credit Report Dispute Process and Reaches Conclusion

The Federal Trade Commission has issued a follow-up study of credit report accuracy that found most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece of disputed information on their report is still inaccurate. The congressionally mandated study is the sixth and final … Read more

Credit Reports Screwed Up. Anyone Surprised?

A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report accuracy found that one in … Read more

Disputing 5 year old charge off that is not mine. – Melanie

Consumer Complaint Submission

I recently disputed two credit cards that were charged off in 2006 because these are not my accounts. I never signed anything that said that I was responsible for these accounts. I received my Experian dispute results and the accounts were “processed”. I reviewed the updated report and both accounts came back as updated. What … Read more

Creditor Keeps Reporting I Owe a Balance on My Credit Reports When I Paid It Off. – Mard

“Dear Steve, I had a total of debts that equal about $5000.00 I paid them all within 1 week which most were in collections,but to make a long story short they took off the balance that I owed on the debts after they were paid and i have all the paper work and documents showing … Read more

What Can I Do to Get Capital One Off My Credit Report? – Sam

“Dear Steve, I opened a capital one visa in 2002. I fell behind in payments and the next thing I knew the balance due was 700.00. It has been ten years ago and they are still showing the account as a charge off. They report it monthly . The balance is no longer 700 its … Read more