Topic: Pay for Delete is Illegal

[qsmom]

 
"FCRA does state that when a consumer disputes a TL and the source of that TL does not verify it, the TL must be deleted."

What is TL - is it the same as VOD?  Cuz I have a couple who have not responded, or have even sent another collection letter...what next?

[qsmom]

Duh...TL=trade line.

But I still have the "what next question"...

newbie!

[kennypowers]

You know if those admins would consult APA, Strunk and White, Turabian, et al they would find acronyms should only be used after the intial complete spelling.

I think for all the newbies, I will do as the English books do.

[BigCrawley]

<removed> Kenny. 

[Admin0248]

The New York Times Style Manual requires a person to be referenced as Mr./Mrs./Ms. after the first use of the name, too.

The administrators decide at their sole discretion where the minimum standard shall lie.



Poster is admonished for hijacking the OP's thread for his own purposes. 

[arnanda]

"FCRA does state that when a consumer disputes a TL and the source of that TL does not verify it, the TL must be deleted."

Yes, if you dispute something on your credit report they have 30 days to respond to the investigation (45 days if you provide them additional information during the investigation). 

What is TL - is it the same as VOD?  Cuz I have a couple who have not responded, or have even sent another collection letter...what next?

Trade line is the item that appears on your credit report.  I highly recommend reading what credit reports are, here's a wonderful website to tell you about it:
http://www.howstuffworks.com/personal-finance/debt-management/credit-report.htm

VOD means Validation of Debt which is requesting proof of the debt.  Requesting VOD is not the same as filing a dispute on the credit report. 

For example, if you file a dispute with the credit bureaus, they won't request VOD.  If you write a dispute letter to the collection agency (VOD) they have to stop collection efforts until they provide the proof to you. If they have it on your credit report they have to mark a dispute.