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Experian Changes Their Policy?

By
Mortgage and Lending with CreditRepairVIP.com Veteran Owned & Operated

This letter has been received from Experian regarding a policy towards their "Express Request" service.  

 

The lines that concerns me are;

 

"We will no longer be able to remove an “account in dispute” comment from an account with a consumer letter."

 

"Similarly, we will no longer delete accounts when a consumer disputes ownership of an

account for which they are an authorized user without proof documentation. "

 

I haven't seen anything online ... yet ... but I will keep you posted.

 

 

Dear Client,

 

"In response to feedback from data furnishers, we are modifying some policies. These

changes will impact the Express Request service.

 

We will no longer be able to remove an “account in dispute” comment from an account

with a consumer letter. Instead, we will require proof documentation from the data

furnisher or we can attempt to manually verify the removal if specified on the request

form.

 

Similarly, we will no longer delete accounts when a consumer disputes ownership of an

account for which they are an authorized user without proof documentation. These

requests also will require proof documentation from the data furthers or we can attempt

to manually verify the removal if specified on the request form.

These policy updates will go in to effect January 19, 2015.

 

Sincerely,

 

Experian"

 

Experian Policy Change Jan 19, 2015

Posted by

Brian C. Aber
Chief Executive Officer
Credit Repair VIP logo

Comments (4)

Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Brian - I guess I can see their point regarding needing proof documentation. We can only hope that it doesn't cause a huge delay in correcting erroneous information.

Jan 27, 2015 04:38 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Brian, it sounds like corrections will take longer.  I'm wondering what types of documentation they will require, how easily the info can be obtained, and on and on.  This does not sound good for consumers.

Jan 27, 2015 12:17 PM
Chris Ebert
Ramos Law Firm - Consumer Credit Attorney - Dallas, TX

I know this is not the most popular sentiment, but I actually think it is more appropriate for this type of information to be corrected by the data furnisher.

Most creditors update this information with no hassle as it is.

Jan 29, 2015 04:27 AM