     Christine Baker (Admin) | Thursday, November 30, 2000 - 07:36 pm 
In my never ending quest to find a way to make the CRAs and creditors pay for their mistakes, I'm wondering if I could purchase those debts and then sue to get a judgment.
Here's what I was contemplating:
Somebody hires me to dispute their INCORRECTLY reported accounts. I charge my regular fee for the dispute and I even provide my client with the bill to the CRAs/creditors for my services.
Of course they don't pay, and nobody ever wants to sue. My client already paid me for my services, and I then PURCHASE the debt owed by the CRAs/creditors.
Essentially, I'd like to do exactly what creditors and collection agencies do.
So once I bought the debt, I send a letter to Experian, pretty much copy what people get from collection agencies, demanding payment or a dispute of my bill.
I suspect they would dispute it, and then what? I guess I go straight to court?
Is that doable?
I realize that the CRAs and creditors have a lot more resources and might appeal, I might never see a penny. But I'd like to try it, if it's legally possible. |
| CC (Creditcriminal) | Friday, December 01, 2000 - 04:03 am
Christine...sounds like a great plan, but supposedly, CRA's only report info thats supplied to them by the creditors. They (the CRA's) also say that its the consumers responsibility to make sure that theyre credit reports are accurate. So it seems that the creditors would be the ones to go after for supplying inaccuracies to the CRA's. Meanwhile, the CRA's wipe their hands of it all due to non-accountability, and pass the burden of proof to the consumers. Guilty till proven innocent?? |
| Christine Baker (Admin) | Friday, December 01, 2000 - 09:06 am
Often the CRAs do NOT investigate the initial dispute. Sometimes they even ignore the supplied evidence. Or they remove the incorrect item, only to report it again a month or year later.
You probably read about Denise Richardson's nightmare, all 3 CRAs were named in the suits.
Most of the people who contact me already did their own disputes, unsuccessfully.
I hadn't planned on collecting the cost of the initial dispute. Although, why NOT? I think I've been brainwashed by the FTC/CRAs myself. When I make my payment ONE day late, I pay 20 bucks. So why shouldn't the CRAs and creditors have to pay for the first dispute? I don't know.
Because I do the disputes for my clients, I KNOW EXACTLY who is at fault. I have all the pertinent documentation.
They (the CRA's) also say that its the consumers responsibility to make sure that their credit reports are accurate.
They say that, and it is an outright lie. Of course they say that to make people believe that they have no recourse. People hear it enough, they'll think it's true.
I'd really like to try getting those judgments in Small Claims. |
| Christine Baker (Admin) | Monday, December 18, 2000 - 11:45 am
Found out that in AZ I can NOT use Small Claims for purchased claims, only my own.
Corporate wins again ... |
