juliedealer
Member
What is the name of your state? IN
I filed and received discharge for BK in 2001.
In reviewing my current credit reports, I see that Equifax reports all my IIB (8 in total) as "open" accounts. The number of open accounts has a directy bearing on my FICO scores, which has a direct bearing on my ability to obtain a loan and at what interest rate.
The other CRA's (TU, Exp) report them as closed. I have letters from two of the eight accounts that state explicitly that they are closed.
I have called Equifax and asked about this, the reply; "that's just our practice, that's just what we do". I asked if these accounts were open for my use and they said,"well no, to you they are closed, but technically they are open"
I have filed a complaint with the FTC on this practice, and have sent letters of inquiry to the remaining 6 accounts that I do not have written documentation that they are closed.
My question:
Is there a legal precedence as to what Open or Closed means? Either with Bankruptcy law or FCRA ?
Julie
I filed and received discharge for BK in 2001.
In reviewing my current credit reports, I see that Equifax reports all my IIB (8 in total) as "open" accounts. The number of open accounts has a directy bearing on my FICO scores, which has a direct bearing on my ability to obtain a loan and at what interest rate.
The other CRA's (TU, Exp) report them as closed. I have letters from two of the eight accounts that state explicitly that they are closed.
I have called Equifax and asked about this, the reply; "that's just our practice, that's just what we do". I asked if these accounts were open for my use and they said,"well no, to you they are closed, but technically they are open"
I have filed a complaint with the FTC on this practice, and have sent letters of inquiry to the remaining 6 accounts that I do not have written documentation that they are closed.
My question:
Is there a legal precedence as to what Open or Closed means? Either with Bankruptcy law or FCRA ?
Julie