Under the Fair Credit Reporting Act (15 U.S.C. §1681e(b)), credit reporting agencies must follow reasonable procedures to assure maximum possible accuracy. This account clearly shows: • Different account status (Paid vs Derogatory) • Different credit limits ($500 vs $0) • Different high credit amounts ($797 vs $0) • Different date opened • Different payment status That means at least one of them is reporting false information, and potentially all three are failing to verify accuracy. That’s not just a dispute issue that’s inaccurate reporting liability. Can you find any on your reports? Most people are taught to “just dispute it.” But what happens when the credit reporting agencies are reporting three completely different versions of the same account? Look at this. Same account. Same creditor. But three different credit bureaus are reporting different facts. • One says the account is PAID • One says the status is UNKNOWN • One says the account is DEROGATORY The credit limit changes. The high credit changes. The date opened changes. So which one is correct? Under the Fair Credit Reporting Act, credit reporting agencies are required to report information with maximum possible accuracy. Not “close enough.” Not “whatever the furnisher sent.” Accurate. When accounts report differently across CRAs , that’s not a simple dispute. That’s evidence of inaccurate credit reporting and inaccurate reporting can create legal liability. This is why building a paper trail matters more than calling the CRAs and reading scripts from the internet. Because if they verify inaccurate information… Now you have evidence. And evidence wins cases.

I know some of us are working on replies to debt collectors and just trying to really grasp some of the information. Anyone interested in choosing one day a week to study and work on responses together outside of class? Or even to go over homework questions. If so drop the best dates & times that work for you.

How many of you guys are currently dealing with debt collection or third parties? 👀👀

How is everyone today? Check in under this post when you see it.