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CAMCO and CR insertions -- pl, Marcy, LadynRed, are you out there??

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Posted by lucy (199.183.30.193) on August 21, 2002 at 06:38:50:

BBB complainants, isn't is fascinating that right there on the main office page for CAMCO, they provide a link called Tips on Credit Reporting?

http://www.chicago.bbb.org/go.html?location=http://www.bbb.org/library/creditrpt.asp

"The new amendments also impose new requirements on the credit bureaus concerning file information that is disputed by the consumer. For the first time, the credit bureaus have to consider and transmit to the furnisher all relevant evidence submitted by the consumer. The credit reporting agencies now have a 30 day limit to resolve a consumer's dispute and within five days of its completion, the consumer must receive written notice of the results of the investigation. Once information is deleted, the credit bureau can no longer reinsert it unless the entity supplying the information certifies that the item is complete and accurate, and the credit bureau notifies the consumer within five days."

In other words, you can hand CAMCO everything, including things you would not ordinarily provide out of a court of law, to get an inquiry deleted.

All CAMCO has to do is "certify the item is complete and accurate."

They do not have to turn anything over to YOU to support that?

Very interesting. This is something to write to our legislators about. It leaves a loophole 50 miles wide to extort settlement from folks who have just coincidentally been shopping for a home. Not to mention the rest of us, each approached at most logically vulnerable time.

UNUSUAL PATTERNS or just coincidence

My card provider Y sends me an offer, I apply, and inquiry is posted. Suddenly I am going to be sued because I spurned an offer to settle SOL CC debt from card provider X, VIA card provider Y who posted the inquiry. Who sez no, never made you such an offer ... Most interesting, they have my employer's phone number but do not know the name, or the address ... do not know how to serve the S&C ... 4 calls in one day to my workplace, at extremely inconvenient times. Then hey, your job is in danger when we win this lawsuit -- ah well, NO DAMAGES, so far, beyond frazzled nerves and exhaustion. And NO DAMAGE on my CR, credit WAS extended by card provider Y right around the time CAMCO came calling ...

eDat applies for a mortgage and gets contacted "about the time the bank would be researching (a judgment).

F. Mayes threatened with wage garnishment, seizure of property for debt already paid in full. Others in same boat, on debt even older.

Numerous others with only wages and good CRs as assets threatened ...

These tigers are mighty interesting, the approach seems to vary very conveniently from alleged debtor to alleged debtor. They are obviously reviewing files, like good little debt collectors who litigate ... of course they overlook the SOL, how careless of them. And how obviously they could care less

There appears to be definite method in the attacks they make. Too bad we do not have a larger sample population and formal queries ... if sheer numbers was the only thing that moved FTC, that would be one thing.

Anyone else care to back up pre-CAMCO and see what if anything might have occurred withn 90 days or so before first contact, however that was made, that brought the tiger out of camo flage in full hunting mode?

LadynRed, they have hit you twice? Or just 2 letters?

Because they do appear to be telling the truth about checking credit reports.

Question is: where are they getting the reports and still cruising below the radar?


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