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Trans Union incorrect Date Closed and address

Monday, March 17, 2008

Trans Union AGAIN verified incorrect Cap One DATE CLOSED - tortuous interference with my business!

I wrote this posting yesterday, but then got busy with writing my TU response to the objections to my evidence and I just filed.  Will post the filings tomorrow.

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I’ve just about had it.  Trans Union finally sent the latest investigation results and they did NOT add the Capital One date closed.

Recently I posted about Chase suing a debt elimination company for tortuous interference with its business.

I’m thinking about amending my complaint against the CRAs to include new claims of tortuous interference with MY business.  I’m the most experienced and qualified person to improve FICO scores NOT by trying to have derogatory accounts deleted (and often lowering the FICO scores due to those deletions), but by having incorrect data CORRECTED or having missing data ADDED.  But the credit bureaus just ignore factual dispute after factual dispute.

I SHOULD be able to guarantee my average client that for $250 to $500 they WILL get the credit they deserve.  The CRAs are obligated BY LAW to provide complete and correct consumer reports. 

I DOUBLED my rates in January because it is so stressful to work with people with limited funds who are struggling to get by and who can’t afford to pay for numerous credit reviews, FICO score analysis, review of investigation results and drafts for 2nd and 3rd disputes which the CRAs often entirely ignore. 

I’m thrilled every time a client files a lawsuit, but it just rarely happens that someone with credit problems has the money to retain a competent attorney.  And the attorneys always settle quickly. After all, they have “working relationships” with the CRA and major creditor attorneys and they are mostly interested in quick and easy settlement checks for their attorneys’ fees.

I feel like I have entirely WASTED thousands of hours of unpaid research.

I have the expertise, but I can’t help people get the credit they deserve.  Trans Union even wants PROOF for basic credit scoring principles. 

Shouldn’t the 3 major credit bureaus have a bit of a clue how their products are used?

I’d be happy to know that they haven’t trained monkeys to process the disputes.  Lately I’ve had reason to wonder about that.

Over the last year or two, all CRAs have implemented new procedures to not correct LOTS of OBVIOUSLY incorrect data.  Maybe their employees don’t actually read the disputes, maybe they don’t speak English?  Maybe the CRAs recruited monkeys?

The CRAs’ failure to comply with the FCRA is putting me out of business.  I can draft disputes till hell freezes over and about half my clients NEVER get the corrections for at least one major score lowering account on one report.

It’s not sufficient to bring the FICO scores to 630 from 580 when I know that the score should be around 700.  Why be satisfied with 630, while the OTHER 2 bureaus are over 700?  It takes only ONE creditor account review with the LOW score to have your interest rate increased, limit reduced or account closed.

What would you do if you took your car to a mechanic who has to perform the same repairs 2, 3 or more times because the manufacturers’ parts are defective?

What if half the cars in America could not get fixed at all after the owners spent hundreds or thousands of dollars on the installation of defective parts?

As I’m considering the “tortuous interference with my business” claim and that’s an area of law I know nothing about, I appreciate any feedback.

Friday, February 29, 2008

The BASTARDS at Trans Union and Capital One:  TU FICO 563

I just reviewed the myFICO reports for a Credit Review.  We have a bankruptcy and 4 Capital One discharged accounts.

NONE of the Cap One accounts have the DATED CLOSED. 

The score factors from the TU myFICO report:

Trans Union

Top Negative Factors

You have a public record, serious delinquency and a collection on your credit report.

Number of your accounts that were ever 60 days late or worse: 12
Number of public records on your credit report 1 Record
Number of collections on your credit report: 1 Collections

The date of your most recent missed payment is unknown.

Your most recent late payment happened: 0 months

-- All 4 Cap One accounts need the DATE CLOSED no later than 11/05 when you filed for BK

-- This could also be GMAC, STATUS 2/08 + Ch. 7, no way of telling until Cap One got fixed

You have multiple accounts showing missed payments or derogatory descriptions.

Number of your accounts with a missed payment or a derogatory description: 13 accounts

You have few accounts that are in good standing.

Number of your accounts currently paid as agreed: 0 account

-- GMAC is NOT counted as positive because of the Ch. 7 notation

What’s helping your FICO score

You’ve limited the use of your available credit.

Ratio of your revolving balances to your credit limits Unknown

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The Equifax FICO is 640, about where it should be with the 11/05 Ch. 7 and NO open accounts because the current auto loan is reported as discharged.

AS USUALLY, the auto loan is reported as DISCHARGED while actually paid as agreed.

But that all 4 Cap One accounts are reported WITHOUT the date closed confirms my suspicion that Cap One deliberately does NOT report the DATE CLOSED to TU to lower the scores.  I don’t know whether they also omit the DATE CLOSED for charged off accounts.

Capital One HAS to report the credit limits now—AFTER I spent 6 years of my life complaining and suing. 

How long until they’ll report the DATE CLOSED?

FYI, I really have to post the TU filings, Trans Union incorrect Date Closed and address made in on the public record.

A reader recently wrote:

I talk about the unabated tsunami of corruption and the greed in this world a lot. They don’t just step on your neck; they grind their foot while doing it. If the victim is 85-years-old, they may smile sweetly as they twist both feet.

And that is how it is.

I owe Capital One over $20k. 

WHY am I paying Capital One?

Tuesday, December 18, 2007

TransUnion AGAIN deleted the Cap One Date CLOSED: FICO 633 - TrueCredit FRAUDULENT score 711

Instead of correcting the address and sending the investigation results with the added Date Closed for the Cap One account, Trans Union DELETED the Date Closed for the discharged Cap One account AGAIN and it did NOT correct the address!

The 12/1 FICO score factors for the 633 score:

Negative Score Factors

1. You have a public record and a serious delinquency on your credit report.

Number of your accounts that were ever 60 days late or worse: 5
Number of public records on your credit report 1 Record

2. You recently missed a payment.

Your most recent late payment happened 1 month ago

3. You have multiple accounts showing missed payments or derogatory descriptions.

Number of your accounts with a missed payment or a derogatory description 6 accounts

4. You have too many credit accounts.

Number of your credit accounts currently paid as agreed 36 accounts

Positive Score Factors

1.You’ve limited the use of your available credit.

Ratio of your revolving balances to your credit limits 3%

2. You have an established credit history.

Your oldest account was opened 14 years ago

Average age of your accounts 5 years

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The 12/12/07 TrueCredit score: 711

That’s why you should never even look at the CRA credit scores.  They are a TOTAL fraud.  Few if any lenders use them. 

The credit bureaus deliberately produce higher scores than Fair Isaac so that you won’t even look for anything wrong.

Notably, just like Fair Isaac, TrueCredit also does NOT include the field label for the Date Closed.  So unless you KNOW how critical the Date Closed is for TU old charge-offs and discharged accounts, even the most thorough review of the TrueCredit report won’t result in discovering what (missing) data lowers your FICO scores.

And that’s of course why I will NOT work with clients who don’t want to or can’t spend the $100 on myFICO reports (3 reports before and after disputes).

The 633 FICO score is 78 points lower than the 711 TU score.  The FICO scores PINPOINT the problem:

2. You recently missed a payment.

Your most recent late payment happened 1 month ago

Now you just look through all the derogatory accounts and here is the Capital One account from the 12/12/07 TU TrueCredit report:

BINGO! 

No date closed, that’s the problem.

As I previously posted, the FICO scores increased to just below 700 every time Trans Union reported the correct Date Closed for this Capital One account.

I have NO idea what it takes to get TU to report complete and accurate PERMANENTLY.

Long time readers may recall that I very much opposed calls for legislation requiring the reporting of credit limits.  I wanted the FCRA to be interpreted literally.  It requires COMPLETE reporting.  If Congress had amended the FCRA to require credit limit reporting, TU could now claim that ONLY specifically mentioned data has to be reported.  And Congress would have to amend the FCRA again to specifically state that Trans Union has to report the Date Closed for all derogatory accounts. 

Notably, Experian and Equifax don’t report the Date Closed and it’s not in the FICO scoring software for Equifax and Experian.  I hope that everybody can see now how important it is to take the FCRA literally and even more important, to prohibit credit scoring for any credit, insurance, employment, rental, etc. rating.  I don’t object to collectors using credit scores, don’t mind them getting screwed.

I am so angry at Trans Union, their contempt for consumers, the Trans Union DELIBERATE and so successful actions to LOWER the FICO scores.

The intentional deception.

*** The TrueCredit snake oil scores

The INCOMPLETE TrueCredit report.

*** To get the almost complete reporting (no scheduled deletion dates), you have to go to the PRINT view.

*** The DECEPTIVE ADVERTISEMENTS throughout the TrueCredit CREDIT REPORT!

I thought I wasn’t seeing right.  People PAY for these reports and they are subjected to the most horrible false and misleading advertisements, from LendingTree to debt negotiation.

And in case you’re wondering why I requested that my client subscribe to TrueCredit - I wanted to ensure that TU can’t claim that Fair Isaac is to blame for the incomplete and incorrect reporting.  And since TrueCredit is NOT Trans Union, but Trans Union owned, it should be named in the lawsuit.

I’m currently working on a new topic at Fight Back about my client’s nightmare.  I will post our disputes, the TU corrections, the related FICO scores, ...  Obviously, my client needs an attorney to file suit ASAP. 

My client’s pre-approvals and TU investigation results are sent to the address that’s over a year old.  Her creditors could be RAISING her interest rates, LOWERING limits or CLOSING accounts due to the low FICO scores.  (See WaMu 26% interest rate)

Trans Union is ignoring our disputes.

I sure hope that we can find an attorney - she lives in VA.  Interested attorneys can contact me directly.

Wednesday, November 14, 2007

Trans Union FICO score up by 81 points after DATE CLOSED correction - TU subjects client to ID theft

Trans Union is just so incredibly screwed up. 

It LOOKS like they retaliated against my client by changing her address to her OLD address from over a year ago.  However, I’m 99% sure that this is the NORMAL Trans Union incompetence.

Nobody in their right mind would run a database with IMPORTANT data like the credit bureaus—without ANY automated error checking whatsoever.

Anyone with half a brain and a conscience would ensure that addresses are only changed when reported by a CURRENT creditor with an active account or upon notice by the consumer.

Apparently there is NO error checking at all. 

Here is my fax to Trans Union:

To: Trans Union

Via fax to [redacted] – 3 pages

November 14, 2007

Re: Power of attorney [redacted] – TU file # [redacted]

To Whom It May Concern:

Attached is my client’s power of attorney.

Your 10/25/07 notice to me states that Trans Union sent the investigation results directly to my client.  However, my client did not receive the results and she finally ordered her new myFICO report on 11/6/07.

Trans Union CHANGED the address on the credit report to an OLD address!

1) Please immediately correct the address.

My client’s 10/4/07 TU myFICO report had the CORRECT address.  In September 2006, she moved to:

[redacted]

Please also mail your investigation results to this address.

2) Why did Trans Union change the address to an OLD address?

My client has many open accounts and all creditors should have my client’s correct current address.

If a creditor changed her address, please provide the contact information.

3) Please provide my client’s CORRECT address to all recipients of her INCORRECT address and especially to any entities that may be sending pre-approved credit offers to the incorrect old address.

The post-office forwarding order expired almost a year ago and Trans Union is subjecting my client to ID theft by selling her consumer credit data with the incorrect address to potential creditors.

Please implement procedures to prevent address changes to OLD and obviously incorrect addresses.

4) Please explain how the discharged Capital One account Date Closed was deleted.

The Trans Union credit report now contains the correct Date Closed.

The Trans Union FICO score increased by 81 points to 698.

Trans Union previously corrected this date in response to our dispute.  What happened?

Will it be deleted again? 

Does my client have to continually purchase Trans Union credit reports? 

Is Trans Union going to reimburse my client for her time and expenses, including my fee?

I hope it doesn’t take a lawsuit to get substantive answers.

Sincerely,

Christine Baker

c: posted at [this URL]

I do NOT expect a meaningful answer nor do I expect that Trans Union will implement procedures to prevent incorrect credit reporting and incorrect addresses.  And I certainly don’t expect Trans Union to reimburse my client for her costs. 

Credit bureaus NEVER pay for THEIR mistakes unless they’re sued.

YOU get to pay for THEIR mistakes.

YOU have to waste your hard earned money on credit reports. 
YOU have to waste your precious time on reviewing reports. 
YOU have to pay for my services.
YOU will pay higher interest and insurance rates. 
YOU will get declined and lose opportunities. 
YOU have a great chance at getting a divorce, ending up in foreclosure and/or getting cancer from the stress over continual credit and financial problems.

That’s what they call justice and fairness in America - “the greatest country in the world.”

My client lives in Virginia and if one of the many attorneys reading here is interested in representing my client, please contact me.