Stubborn TL's

[JF1]

Thanks to this site I have had all four collection accounts removed and one charge off. I have three trade-lines from BECU reporting as negative. A Repo, Line of Credit, and Credit card. These all happened 6 years ago this month. I have tried disputing these multiple times, writing, online, different reasons other than "not mine". All three keep coming back verified every time. I don't know what my next step would be. I wouldn't know whether to send a MOV letter to the CRA's or 623 dispute. Problem being here is that the information is indeed accurate. There are no CA's listed to try and settle with. My letters to the company to settle the charge offs go unanswered. Phone calls to them are also futile, as they said the balance was charged off, and there is nothing to settle. The SOL on the debt is also up, and is due to be removed in a year and a half. Any help is appreciated.

[Lian]

First of all, if information is agreed to have been accurately reported, what is the basis for your dispute? Are you just fishing, or do you have a legitimate issue of accuracy of their reporting?

As for a direct dispute under section 623(a)(8), if the information asserted to be inaccurate has already been investigated, either by way of dispute through the CRAs or by a prior direct dispute, the furnisher can summarily dismiss the new dispute without any new investigation as being "substantially the same" as a prior dispute, and thus "frivolous or irrelevant." 16 CFR 660.4(f)(ii). Once verified, they dont have to investigate again.

Asking the CRA to provide their "method of verification' of a prior dispute resolution will provide you with the parties they contacted during their verification process. Would that be helpful in showing they did not properly investigate your dispute?

As for the charge-off, I am a bit confused. A charge-off does not relieve the consumer of the debt, so I dont understand the OC's comment that, because they did a charge-off, there is no debt. Apparently, they have additionally sold the debt, in which case they cannot accept payment. You would have to deal with the current owner.

It appears that you have legitimate credit reporting, and that earlier deletion would be properly addressed by way of requests for good-will deletion. Other than that, you will just have to wait for the normal CR exclusion periods to expire.