3 ms·

I'll need help understanding why this letter doesn't make sense if I have bad debt (can agree it doesn't with the current article). and which FCRA violation sp

• not2b 5y ago
  If the person owes money the letter should describe how much is owed and what it is owed for.
  • irjustin 5y ago
    Please link a source for this one. Look, this is a great practice for sure, but we're in the realm of legal now. I looked briefly[0] and couldn't find anything that explicitly that's what you need to do when describing options. The only requirement that I can see they are *required* to do: > furnishes negative information to such an agency regarding credit extended to a customer, the financial institution shall provide a notice of such furnishing of negative information, in writing, to the customer. And it needs to be 30 days. As far as I can tell, this is in good standing FCRA wise. https://www.consumer.ftc.gov/articles/pdf-0111-fair-credit-reporting-act.pdf https://www.consumer.ftc.gov/articles/pdf-0111-fair-credit-r...
    • not2b 5y ago
      Sorry, no. You may be "in the realm of legal now", but I wasn't. You fundamentally misunderstand what I was saying. I was not claiming that they were violating a legal requirement, just that they are behaving unethically, and if the rules allow this then new rules are needed.
      • irjustin 5y ago
        Ah sorry i thought you were replying to the FCRA violation part of the post.