Hi jfearon, thank you for joining the discussion. Would it have been helpful for you if you were notified each time the $300 debt you mentioned was sold? Was there information you didn’t get that would have helped you deal with the problem?
I am concerned that there is some type of rewards system in place that somehow monetizes those who report when a consumer has a potential bad credit scenario. Are there incentives out there to ding consumer's credit? As a conspiracy theory it makes sense since it drives up the cost of a loan.
Moderator
1
Hi jfearon, thank you for joining the discussion. Would it have been helpful for you if you were notified each time the $300 debt you mentioned was sold? Was there information you didn’t get that would have helped you deal with the problem?
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Debt Neutrality Petition
2
jfearon, I think you have to do it online. I was able to clean up a family member's credit report online.
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Debt Neutrality Petition
3
I am concerned that there is some type of rewards system in place that somehow monetizes those who report when a consumer has a potential bad credit scenario. Are there incentives out there to ding consumer's credit? As a conspiracy theory it makes sense since it drives up the cost of a loan.
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CG
4
Possibly research FCRA violations if nothing is getting resolved correctly.
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