questions about FACTA 312 ammendment(July 1st, 2010)

[eknight@003]

Originally Posted by Lian

They are obligated to respond back to the CRA if you dispute through a CRA.
However, using the FCRA dispute process interjects them into the decision-making process through their reinvestigation rights. It makes it a bit tougher. The CRA has possession of the statement of permissible purpose under FCRA 604(f) provided by the inquirer, and that is the only FCRA issue.

The implementing rules for the direct dispute process included the exclusion of inquiries based on complaints from the creditors that it would bog them down, and that credit inquiries disputes are usually not related to the actual legality of their permissible pull authority. The rule makers bought that argument, and decided not to clog up the direct dispute process.

Your alternatives are to dispute through the CRA, or initiate your own civil action.

OK, well I appreciate it. I guess what I'm doing now is the best i can do. hopefully the mov will come back in my favor. i asked a rep from lex law if they disputed inquiries. the answer was no. Now i see why. oh well, its only 10% of my fico i believe, so no worries.

thanks