609 CREDIT VERIFICATION EXPERIMENT PROJECT STEP 1: UNDERSTAND THE LAW | The Pickled Ginger


609 CREDIT VERIFICATION EXPERIMENT PROJECT STEP 1: UNDERSTAND THE LAW

by Colleen Elizabeth    

In my previous post, I summarized the little-known method of removing derogatory credit items from your credit report using the verification inquiries based on laws in the Fair Credit Reporting Act.  Many people on the internet charging a fee for this information refer to this method as “609 Credit Verification” or “609 Credit dispute.”  The name is only partially accurate, but that doesn’t matter.  What matters is that you know why you’re doing what you’re about to do.

The Fair Credit Reporting Act dictates that the credit reporting agencies are to verify all information received from creditors before they put it in your credit file.  The law recognizes proper verification as a contract or application with your signature on it.  When was the last time you actually signed a credit card application?

This law was practical when it was written, as facsimile machines were the technology of the time, and the banks no longer had to snail-mail copies of the contracts into the agencies.  But with the increased use of the internet and electronic data filing, it just became more efficient to use software that electronically pulls your information from the bank database and sends it electronically over to the credit agencies, which they then place into your credit file for all potential creditors to see.  They do this with NO actual verification that you even signed a contract or application!  They are breaking the law!

Additionally, you need to understand that the Fair Credit Reporting Act also states that you have the right to know the information in your credit file pertaining to you, the consumer (not your creditors), but you can only have the right to this information if your request is made in writing and if you can properly verify your identity with a driver’s license and Social Security card.

If you understand these two key points of the law, you can easily get started removing derogatory marks from your credit report and raise your credit score!  Are you ready to begin?  Then let’s get started!

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2 thoughts on “609 CREDIT VERIFICATION EXPERIMENT PROJECT STEP 1: UNDERSTAND THE LAW”

  1. Matt Carcaterra says:

    Hello,
    Thank you for your wonderful post on the section 609 credit dispute letters. Wondering if you provided your signature on your letters or had them notarized? I’ve read multiple takes on this. Also, do you write in anything in the 3rd section of the accounts you are disputing where it days provide physical verification? I’ve seen sample letters that list things like “unauthorized account”, or unauthorized late payments, etc.. or is it sufficient to just leave in every box “provide physical verification”? Thanks again!

    1. Colleen Elizabeth says:

      Thanks for your comment. I merely signed the letters, included a photocopy of my photo I.D. for I.D. verification, and mailed the letters via Certified Mail. As far as the third column of the table listing the accounts, I wrote “Provide physical verification” for each account listed, as I wanted to make it abundantly clear that is exactly what I wanted for each account.

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