My credit score Montgomery

A willful and negligent failure to do so is violation number 1 of the FCRA. One wonders then when in fact it turns out that certain Credit Reporting Agency ["CRA"] procedures, or miss thereof, assure maximum possible inaccuracy of information in the consumers credit report.

Are we to take it that the words of a federal law mean exactly the opposite of what they say?

Legally, philosophically, morally, one would think not. A trade line on your credit report provides certain standard items of information about an account you have, such as the name of the company ( say a department store, for example), the companys address, the account number, the current balance on the account, the terms of the credit, my credit score Montgomery and so forth. free credit report Any of this information could in fact turn out to be incorrect, my credit score Montgomery but the item of information we will address in this article is that definite and critical identifier for the CRAs, the account number. One would think my credit score Montgomery that such a mundane piece of information as an account number couldnt possibly cause that much trouble, and in a sense that is true.

What actually causes the problem my credit score Montgomery is when the account number for the same account gets changed, and sometimes morphed repeatedly, so that the identity my credit score Montgomery of the actual account is greatly obscured. free credit report websites When this is allowed to happen, the CRAs super computers, employing simple logic but lacking intelligence, assume that an my credit score Montgomery account is the same, or a match, when it has the same account number, and that it is different when it does not. Therein can lie the source of much headache, aggravation and damages for a consumer, and much denial of responsibility from the CRAs.

Let us say that Consumer An is receiving bills for a .00 balance on a department store credit card. Consumer A never applied for such a card and therefore the debt cannot be his. He suspects someone stole his identity and opened the account using his social security number and other private information. get your credit report free After numerous phone calls and letters back and forth, the department store agrees that it is not Consumer As debt after all and tells Consumer A not to worry about it, that theyll take care of it.