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     | Wednesday, November 10, 1999 - 12:07 pm  I have had the unwanted corruption of credit reporting fall upon me. Though i have a disputed a debt to GTE, and inquiries from companies i have never talked to or messed with, i have the rod shop inc of salem va 24153 telling me that they have not reported that i have been paying on a car i got a loan out from them, for almost a year. Now it is hurting me in the first place because i have to pay a 30% interest rate to be high risk but also i have had to suck up a 250/month payment for an 8 year old car. Now if i were able to refinance it would be considerably less but they have not even reported, from the loan from rod shop inc, once that i have continually, on time, and fully been paying for almost a year on the car. My question is what kind of action can i take to make these people report my good credit since they definitely would report bad credit if i forgot to pay. Please respond to this message. sincerely eddie.cash@etour.com
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| | Wednesday, November 10, 1999 - 12:28 pm Well... this is a common occurrance in the consumer finance industry (see http://www.occ.treas.gov/ftp/release/99-41.txt) and it's one that really chaps my hide. There is nothing that requires someone to report your good payment history, but if you honestly thought they would and they failed to disclose that they wouldn't you may have a good case to indicate that fraud was committed. One of the companies most vulnerable to this legal attack is Axsys National Bank (formerly Fingerhut National Bank) since a person who has an account with a bank naturally assumes that their credit card would be reported to at least one of the three bureaus.
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| | Friday, November 12, 1999 - 09:55 am This is a little confusing. I have read through the websites for all of the major credit reporting companies, including the site for Associated Credit Bureaus. They say that positive information is reported. In fact, I specifically remember that MAX, the director of marketing for Equifax (I think), has a Q & A section. One of the questions about this (which I printed out and will try to find) said that positive information does not drop off after 7 years like the negative stuff, but stays on for as long as it is positive. If that is their stated policy, maybe it can be enforced, albeit not through the FCRA.
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| | Friday, November 12, 1999 - 09:58 am Addendum. I didn't realize that the fault was with the "Rod Shop". Can't you just provide proof directly to the bureaus since it is their stated policy to report the positive information? This might be a question to ask directly of MAX to see what the credit reporter will accept as adequate proof.
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| | Friday, November 12, 1999 - 10:58 am They won't accept information like that unless the company is a subscriber. The credit reporting agencies charge you to get the information and they charge you to report the information. It used to be that the consumer could pay a fee to have the stuff added to their account, but too many people were forging positive information to be added to their account and it became not cost effective.
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