Rules Concerning reporting Bankruptcies!!!

[kb9tbq]

Experian, TransUnion and Equifax. A settlement has been reached in the class action lawsuit filed against Experian, TransUnion and Atlanta-based Equifax, requiring that the companies must make it clear if a person has personally filed for bankruptcy or not on credit reports.

Prior to the suit, a bankruptcy notation could appear on a person's credit rating if they had co-signed for a loan or had a joint account with someone who had filed for bankruptcy. According to the settlement, the companies will be required to amend their records and remove the bankruptcy notation from existing records for people who have not actually filed for bankruptcy, which at present they are estimating to be 2 million to 3 million people. (Apr-02-03)


EMAIL LAW FIRM
classaction@jshwlaw.com

CONTACT TRANSUNION
http://www.transunionssi.com/contactUsForm.htm

CONTACT EQUIFAX
http://www.equifax.com/corp/pressroom/contactinfo.shtml

EXPERIAN WEBSITE
http://www.experian.com/

[crofttk]

Great news ! However, I was disappointed: I thought you were gonna tell about a complete set of clear and comprehensive rules for EVERYONE ! :P :cry:

Anyways, maybe even some of us who it doesn't apply to will get lucky and get caught in the sweep ! :twisted:

[humdinger]

WAHHHHHHHH... what about me .. it didn't address me !!!

[kb9tbq]

Sorry boys - this meant good news for people caught up unfairly on the bankrutpcies when they did not file -

I am actually talking with a member over at MSN that is helping me locate information to help one of our members here on another problem.

Authorized User Accounts

So, I know it is not relevent to this section, but I want to keep it together for future reference to grab at:

Well, the provider of credit information has a major liability per this case:

Civil Liability under FCRA for Furnisher of Information

Nelson v. Chase Manhattan Mortgage Corporation

http://caselaw.lp.findlaw.com/data2/circs/9th/0015946p.pdf

The issue in the case was whether the FCRA creates a cause of action for a consumer against a furnisher of credit information. The 9th Circuit Court of Appeals held that the FCRA is to protect consumers against inaccurate and incomplete credit reporting and Section 1681s-2(b) provides a private remedy to injured consumers. Thus, a consumer can sue a company for furnishing inaccurate and/or incomplete information. In this case, the furnisher allegedly failed to take prompt and appropriate corrective action once it was notified that it had reported inaccurate information.

She may want to give this office a try: I've heard of several people who weer satisfied with the results. Also, post this at www.creditboards.com
THere are more than a few folks over there that have fought this particular battle and won.
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The OCC Customer Assistance Group

The OCC Customer Assistance Group was created to answer questions, offer guidance, and assist consumers in resolving complaints about national banks.

Contacting a Customer Assistance Spe******t

You can reach one of the Office of the Comptroller of the Currency's customer assistance spe******ts by:

Telephoning 1-800-613-6743, toll-free (Monday-Thursday 9:00a.m. to 4:00p.m.CST)
E-mailing - E-mail to Customer.Assistance@occ.treas.gov;
http://www.occ.treas.gov/mail1.htm
Fax - Faxing to - 1-713-336-4301 or;
Sending mail to -
Customer Assistance Group
1301 McKinney Street
Suite 3450
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Filing a Formal Complaint

You may file a formal complaint about a national bank with the OCC by writing and sending (or faxing) a letter -- no special forms are required -- to the Customer Assistance Group at the above address.

Your fax or letter should identify the national bank about which you have the complaint by providing the bank's full name and address. Explain the nature of your problem and tell us what resolution you are seeking. Do not forget to give us YOUR name, address, and a telephone number where you can be reached during the day, as well.

When You Contact the OCC

When we receive your call about a complaint, a customer assistance spe******t will request certain information from you about your complaint. He or she will evaluate your information and attempt to resolve your problem while on the phone. Should the spe******t not be able to resolve your complaint immediately, he or she may request that you send additional information to assist in their research. The spe******t will assign you a case number and tell you exactly what they require you to provide, so that your case research can continue.

When we receive your written complaint or additional documentation that was requested by one of our customer assistance spe******ts, we will send you an acknowledgment and assign your case to a customer assistance spe******t. They will research your complaint and contact the bank for an explanation of what happened. The spe******t may request that you provide additional documentation and will identify exactly what it is that they might require. The OCC will notify you after the bank responds. Complaints caused by bank error or misunderstanding are often resolved voluntarily by the bank.