The FACT Act of 2003 requires regulators to issue guidelines and regulations for creditors and collectors who report to credit bureaus to ensure the accuracy and integrity of the information they furnish. Despite the FCRA requirement to report “complete” account information, Capital One refuses to report the credit limits to make it more difficult for account holders to obtain credit from competitors.
Consumer advocate Christine Baker now seeks $5,000,000 in punitive damages because Verizon Wireless continues to misrepresent the disputed debt to the court as valid. The entire punitive damages award is to be used to establish a non profit consumer litigation organization to assist consumers with billing, credit and collection problems.
Rodrick Coffey with Stinson Morrison Hecker had my cancelled check and Verizon’s own documentation PROVING that I never owed the alleged debt, but he continued to state in his filings with the Arizona federal court that I owe Verizon $105.
Consumer litigant Christine Baker sued Target after her Target Guest Card credit limit was not reported on her credit reports despite her disputes with Equifax and Experian, lowering the credit scores. Target claims that it always reported the credit limits, but the limits were not on the credit reports.
Credit bureaus often refuse to provide credit reports and they decline to investigate credit disputes, claiming that they can not identify the consumers. Usually they demand that consumers mail copies of ID and utility bills or other documentation without offering any alternatives to establish their identity by phone, fax or e-mail. Credit bureaus do not offer toll-free numbers or any special assistance to military personnel overseas, limiting their ability to request corrections, resulting in higher interest rates and fewer credit opportunities.
Credit bureau Trans Union often refuses to provide credit reports and declines to investigate credit disputes, claiming that it can not identify the consumers. Trans Union fails to provide adequate telephone assistance, usually demanding that consumers mail copies of ID and utility bills or other documentation. Trans Union does NOT offer toll-free numbers or functioning fax numbers to military personnel overseas, limiting their ability to request corrections on their credit reports, resulting in higher interest rates and fewer credit opportunities.
Many consumers have enormous credit problems due to old or entirely fraudulent fraud alerts and Trans Union has been refusing to provide any telephone assistance to me and many others. Trans Union prides itself in making life for military personnel overseas extra difficult by NOT offering toll-free numbers, refusing to provide free and even paid reports and refusing to investigate disputes.
Target attached the 1/18/2000 Federal Financial Institution Examination Council (FFIEC) Advisory Letter as exhibit to its Motion for Summary Judgment, claiming that it acknowledges that furnishers of credit information such as Target are not required by the FCRA to report credit limits to the credit bureaus. I am demanding a new Advisory Letter requiring that all creditors report the credit limits.
Long-time Chase Bank account holder Ted Pett Jr. filed suit after Chase raised the interest rate to 19.99% and reported the account and balance twice to Experian. Chase also improperly raised the interest rates for some Bank One customers after the acquisition up to 28.74%.
The Fact Act of 2003 requires the Federal Trace Commission to study the effects of credit scores on credit and insurance rates and availability and consumers can easily submit their experiences to the FTC online.
