Last week, I was privileged to hear a lecture given by the highly influential and esteemed attorney Mr. Robby H. Birnbaum. Mr. Birnbaum practices before the CFPB, the Federal Trade Commission (FTC), offices of state attorneys’ general, state banking and financial services departments and federal and state insurance regulators.
A primary take-away for me is that the credit bureaus now, in 2022, will not consider a dispute on the basis of “unfair.”
This strikes me as very odd, since a big portion of credit law is based on The FAIR and Accurate Credit Transactions Act that was passed by Congress and signed into law in 2003.
If you were reported as late unfairly due to illness, loss of income, pregnancy, a liar, a scammer, or anything else — the credit bureaus will not hear your cry of “Unfair!” Therefore, don’t put that word into your dispute letter.
What they WILL consider is a dispute based on one of the following:
- Incorrect information reporting
- I don’t recognize this
- Not mine