OFFICIAL J-ACCUSE NATIONAL HEADQUARTERS BLOG

There are 2 messages in this issue.

Topics in this digest:

1. New Post/Thread Notification: Credit repair discussions
From: "CreditWrench Forums" <creditwr@box2.bluehost.com>
2. New Post/Thread Notification: CreditWrench
From: "CreditWrench Forums" <creditwr@box2.bluehost.com>

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Message: 1
Date: Tue, 19 Jul 2005 04:20:45 -0000
From: "CreditWrench Forums" <creditwr@box2.bluehost.com>
Subject: New Post/Thread Notification: Credit repair discussions

Hello,

Creditwrench has just posted in the Credit repair discussions forum of CreditWrench under the title of Rentreporters.com reports rent or not? I am skeptical.

This thread is located at <a href="http://www.creditwrench.com/consumers/showthread.php?threadid=494">This thread is located at www.creditwrench.com</a>

Here is the message that has just been posted:
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Hi, Does any one out there have any results now from this company, it's been about 6 months since anyones reported about this. I would really like to know, It sounds like a great deal if it works. and its had plently of time to work.

Thanks
Yes, it has had plenty of time to work and to the best of my knowledge nobody has ever seen any of their reports on their credit reports. I see that they have updated their domain registry for another year but that isn't really very meaningful.

I now say it that if it isn't Scam it is his brother.
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Message: 2
Date: Tue, 19 Jul 2005 04:24:47 -0000
From: "CreditWrench Forums" <creditwr@box2.bluehost.com>
Subject: New Post/Thread Notification: CreditWrench

Creditwrench has just posted in the CreditWrench forum of CreditWrench under the title of old debts, new credit report.

<a href="http://www.creditwrench.com/consumers/showthread.php?threadid=709">This thread is located at http://www.consumers.creditwrench.com</a>

Here is the message that has just been posted:
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I'm in California.
I have four credit cards which I stopped payment on, on or before March '98.

I've only recently requested the credit reports. 1) Do I have the right to question my credit report accuracy at any time, or just 30 or 60 days after it's sent.
You have the right to question the accuracy of any item on your credit report at any time.

The CRA's (over the phone and on forms) seem to only allow me to dispute, not request verification of debt. 2)Should I request a VOD in writing from the CRA's? (I don't want to dispute reports that are actually mine and appear correct, right?)

You cannot demand validation of debt from a credit bureau. The thing that folks need to understand is that there is a big difference between validation and verification. Validation of debt can be demanded of creditors and 3rd party debt collectors while verification can be demanded of credit bureaus.
Verification is a much lower standard of proof by a long way.

3) Do they have a time limit to answer if they've already been sending me payment requests for years?
3rd party debt collectors are never under the gun for any time limit in which they must comply with demand for validation. If you want them to be under some kind of time limit you have to impose it on them. That is why you must have a plan of action that works and gets some kind of resolution to the problem or you might sit there forever or until they sue you. If you sit there and wait until they finally decide to sue you then you will be in very bad shape indeed if you do not have a solid plan of action resulting in either a defense or an offensive lawsuit which you file against them. That is what CREDITWRENCH does for you. It teaches you how to build a defense in case they sue you or a good case if you want to sue them.

Equifax lists Date of Last Activity (one incorrect), but not Date of Last Payment (or date of first default);

TransUnion lists "estimated date that this item will be removed", and they seem accurate, but no dates of first defaults, etc.

Experian lists "Date of Status", all of which are later than reality for date of first default or date of last activity:

3) Should I dispute what is innacurate, or request verification (and through whom), or what?
You have to dispute with each bureau separately.

Experian has comingled my credit report with my Fathers'.
4) Should I dispute the accounts in good standing that aren't mine?
Both of you need to dispute separately.

As these all should come off my credit report within 6 to 14 months, and have been uncollectible for years,

(5) is there a benefit to my negotiating a payment in full with the present owners of the debt? With the original creditors?

Thanks for your time!
There is a great benefit to negotiating a payment in full with the present owners of the debt. It means that you will definitely cement them on your credit reports for the full period of time and maybe even longer than that.

Then if you pay them you lose the benefit of the fact that you won't have the opportunity to beat them in court and you will have the benefit of paying for a debt you don't even owe anymore because the debts are obviously well beyond the statute of limitations.

Don't pay them a crying dime. You only lose if you do.

Thomas[/QUOTE]
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