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Credit - Collection - Economic News

Tuesday, May 04, 2010

New Liars and Cheats EXPOSED blog: Experian refusal to investigate factual credit disputes

Here is the repost from the new Liars and Cheats EXPOSED blog. Unfortunately, the archaic software here doesn’t copy LINKS, so you have to go to the new blog FTC complaint about Experian refusal to investigate factual credit disputes to view the posted correspondence and disputes.

My client actually INCLUDED a copy of his drivers license and utility bill with his factual disputes AND Experian provided him with his credit report prior to receiving the disputes.

Trans Union and Equifax processed the disputes, but on 1/20/10, Experian not only refused to investigate, but also made the most bizarre and FALSE accusation:

We received a suspicious request regarding your personal credit information that we have determined was not sent by you. This could be deemed as deceptive or fraudulent use of your information. We have not taken any action on this request. Any future requests made in this manner will not be processed and will not receive a response. Suspicious requests are taken seriously and reviewed by Experian security personnel who will report deceptive activity, including copies of letters deemed as suspicious, to law enforcement officials and to state or federal regulatory agencies.

The SCAN of the 1/20/10 Experian notice.

We hoped that the law enforcement and regulatory agencies would contact my client after receiving reports of this fraud from the Experian security personnel.  However, my client was not contacted by anyone.

On 4/19/10, my client submitted his complaint to the Federal Trade Commission.

On 5/3/10, he wrote to Experian with the following requests:

* Identification of all law enforcement and agencies Experian contacted regarding his disputes.

* The Experian explanation of how it determined that fraud was committed.

* Deletion of the incorrectly reported and disputed LVNV accounts (this will be addressed in detail at the new LVNV blog)

* Correction of the student loans.  This is a known systemic problem as all CRAs report the “high balance” as the INITIAL loan amount and they refuse to include the DEFERRED interest that’s added to the loan amount every month.In 9/08 I explained in detail how this INCORRECT reporting lowers FICO scores:

Credit bureaus and Sallie Mae REFUSE to correct student loan high credit reporting

* Deletion of several derogatory accounts because Experian does NOT disclose the scheduled deletion date.  Presumably, the accounts are not scheduled for deletion.

I can’t wait for the response from Experian and it sure would be nice if the FTC actually contacted Experian as per their new policy, for details please read How to File Complaints with the FTC and Other Regulators.

Of course we will update with the results of disputes at the Liars and Cheats EXPOSED blog:
FTC complaint about Experian refusal to investigate factual credit disputes

I’d like to hear from others who received this bizarre Experian decline to investigate and you can post comments at Liars and Cheats EXPOSED.

Tuesday, April 06, 2010

TrueCredit + Trans Union refuse to provide credit reports while investigating - SECRET CRA Verifacts

I posted the details at Trans Union and TrueCredit refuse to provide credit report due to pending investigation

Please post at Liars and Cheats EXPOSED if you had similar experiences or know about any litigation over this.  Most of my clients are DECLINED for their TU free annual report and now we can’t even get the PAID and INCOMPLETE TrueCredit report anymore while TU investigates disputes?

I’ve been extremely busy, filed my response to the TU / TrueCredit / Verifacts motions to dismiss last week (incomplete credit reports, etc.) and haven’t even had time yet to post the filings.  However, several new blogs will be up soon, including one about the SECRET credit bureau Verifacts.

I don’t have the money to pay lawyers and of course I don’t have a snowball’s chance in hell in court against America’s most powerful corporations, but I’ll make sure that the word gets out.

It’s incredible that Verifacts, a skip tracer, orders consumer credit reports from Trans Union for “collection” purpose, calls consumers WITHOUT identifying itself as a collector to obtain address information and then puts all the information in their own “data repository” for sale to creditors and collectors.

So that’s what I figured out so far and of course Verifacts ignores me and won’t answer any questions. 

I’m employing a NEW tactic:

After I get their replies to my filing, I’ll submit my PUBLISHED complaints to various regulators.

I can’t end the corruption, I can only expose the crooks for what they are.

Thursday, March 18, 2010

Mitchell N. Kay responds to posted moronic collection call

Someone from MNK posted at AUDIO: Russell Malone – Mitchell N. Kay – obnoxious collection calls to advise that the call must have been for a BUSINESS debt and therefore the call was EXEMPT from the FDCPA.

So I posted ANOTHER MNK collection recording that I’m certain was for a personal debt and it also didn’t include the mini Miranda, misrepresented the urgency of the call and subjected the consumer to 3rd party disclosure.

I also question the exclusion of business debts from the FDCPA. There is simply no legitimate reason to allow collectors to harass and deceive (former) small business owners. 

Incredibly, the banks CAUSED many of the small business failures, the bankers continue to live in their mansions and to add insult to injury, they received those outrageous bonuses for destroying America.

I’m looking forward to see how the Mitchell N. Kay business and personal debt collection practices differ.  I didn’t really notice a difference.

Sunday, March 14, 2010

Mitchell N. Kay, Russell Malone moronic collection messages

I posted the transcripts and mp3s:

AUDIO: Russell Malone – Mitchell N. Kay – obnoxious collection calls

Thursday, March 11, 2010

New Liars and Cheats EXPOSED blog:  Cohen and Slamowitz Unfair Collection Litigation Practices

This new blog is related to the FDRS fraud.  One of their clients was sued by Citi for an enrolled debt and their attorneys Cohen & Slamowitz totally IGNORED the dispute and the request for an extension to respond to the complaint.

Then we found out that the process server provided a FALSE date of service, but Cohon & Slamowitz couldn’t care less.

They only respond to COURT filings and their lawyer seemed to accuse me of unauthorized practice of law.  You can probably imagine what I wrote to attorney Carol Van Houten in my 5 page letter.

As always, everything is posted:

Cohen and Slamowitz Unfair Collection Litigation Practices