Why Chat please help.
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Posted by homeless
(65.64.154.201) on May 07, 2003 at 14:06:53:
Why Chat please help.
On 8/99 I had a vehicle repossessed from Ford Motor Credit. On 9/02 I settled this with Ford’s collection agency, Allied Interstate. We settled on the advice of our mortgage broker. The agreement states;
“Upon receipt and clearance of your funds, we will report your payment to our client who will update all credit reporting agencies to whom it reports with the correct and current status of your account.” The funds cleared and were deposited BY FORD! They did not update. I disputed twice with all the CRAs. All verified. I Called Allied Interstate on 1/03 told them to update. I Called Ford Motor Credit they said I had to call Allied. I Called Allied on 3/03. I have been repeatedly turned down for credit (mortgage!). It just updated on 5/03.
Can Ford be held liable for not updating for 9 months.
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