Bank Of America Military Banking Ripoff false credit reporting non existant accountrt San Antonio Texas
My husband and I WERE going through the process of refinancing our home. We were told by our loan officer that we had something on our credit report that was negative. We were like...What? Bank of America Military Banking had reported a $60,000 debt that was written off. Okay....we have NEVER taken out a loan for that kind of money. We called BofA and they told us they had no record of it. The only thing they had under his SSN was an old checking account we closed about 2 years ago. This is showing up we opened this account March of 2006. And on the credit report it is showing up as BofA Military Banking and it is delinquent/write off. How can I get this taken care of? This is really hurting our credit score and this doesn't seem fair. How can companies report nonsense? Can we sue them....can someone help and give me some advice about how to approach this.....I am really super pissed. Please give me some feedback. Thanks
Jenny
Gulf Breeze, Florida
U.S.A.
4 Updates & Rebuttals
Julia
Vallejo,California,
U.S.A.
Send a copy of the letter to the CRA's
#5Consumer Suggestion
Sat, July 21, 2007
Jenny, send a copy of the letter you received from BofA, stating that they will remove the trade line, and demand that the credit reporting agencies remove it immediately.
I did this with a letter that I received from a debt collector, because I didn't want to wait the 45 to 60 days the debt collector claimed it would take, and the tread line was removed from my credit report.
Julia
Jenny
Gulf Breeze,Florida,
U.S.A.
Jenny
#5Author of original report
Mon, July 16, 2007
Ok...got a letter from BofA saying that this will be taken care of....that was in March..This is still on my husband's credit report. Any advice of what I should do next? How do companies get away with this?
Jenny
Gulf Breeze,Florida,
U.S.A.
Thank you Steve
#5Author of original report
Fri, January 05, 2007
I will get started on this right away. I hope I can get this cleared up. So have 30 days after receipt of the letter? Apparently this has been on his credit report since March!!!UGH!! They better take it off!! Thanks again for the advice.
Steve [Not A Lawyer]
Bradenton,Florida,
U.S.A.
Jenny, this is super easy to fix.
#5Consumer Suggestion
Fri, January 05, 2007
Jenny,
First, get a letter from Bank of America stating what they told you as far as having no record of such an account.
Then write a letter to each affected credit bureau and dispute the account as not yours. Also be specific and exercise your rights under the FCRA and demand copies of all communications used in the verification process.
Send this letter by certified mail, return reciept requested. Be sure to put the certified# on the letter itself, as it proves exactly what you sent. Include a statement from BofA.
They must temporarily remove the item while under investigation, and after 30 days if not verified, it must be removed for good.
You have a right to sue for the inaccurate reporting and to recover any damages it has caused you.
This could be a big lawsuit against them and BofA.