Many people think that you can’t remove a collection or blemish on your credit report, if it is with the original creditor. “I originally borrowed the money from Easy Capital. “I’m sure they have everything in my file. I can’t dispute with them, they say. Actually you can and many people do it every day.”
Here is how it works: First off, their records are not perfect. Many companies move, their computers crash, data is wiped out, etc. The list goes on and on. The other advantage is that they have only 30 days to respond to a request.
Mail them a dispute letter. Make sure you send it certified mail, return receipt requested. If the creditor does not respond within 30 days, then you have good news. They are in violation of the Fair Debt Collections Practices. It will be very easy to convince them to remove the account from all your credit reports.
Here is another violation. Check your credit report right after the 30 days goes by. They are required to notify the credit bureau you are disputing that the account is “disputed”. If it hasn’t been marked “disputed”, then they violated both the Fair Debt Collection Practices Act, and the Fair Credit Reporting Act.
If either one of these happens, then you have the option of suing the creditor in small claims court. You can win up to $1000. for each violation. Usually a few days before the court date, the creditor will agree to settle with you.
You can drop the suit if they agree to remove the negative information from all the credit bureaus. They will usually agree to that. After all, it’s a lot cheaper than a lawsuit.
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