Sunday, May 01, 2005
CREDITWRENCH and more misleading information
While browsing the CREDITWRENCH message board today, I ran across this bit of false and misleading information that CREDITWRENCH CEO Bill Bauer provided one of the posters:
To this question, CREDITWRENCH CEO Bill Bauer responded with:
The above is totally false and misleading.
There are numerous violations, and they commit new ones everytime they mis-report, irrespective of whether or not suit is filed.
Assuming they are reporting to all 3 bureau's, every reporting involves at least 12 FDCPA violations and 6 FCRA violations. The FDCPA violations are separate causes of action from the FCRA violations, and the FCRA violations are not limited to $1,000 per suit like the FDCPA violations are.
CREDITWRENCH CEO Bill Bauer stating that unless a suit is filed, no further violations occurred is false and misleading.
Quote:
When Sherman puts the SOL on a credit report as 4/1/04 (actually
its 3/1/03), is it a violation every time they do this or is it collectively
just one violation?Bob
To this question, CREDITWRENCH CEO Bill Bauer responded with:
It is a separate violation every time they do it if you file a new lawsuit on them every time they do it. If you don't do that then they are collectively just one violation.
The above is totally false and misleading.
There are numerous violations, and they commit new ones everytime they mis-report, irrespective of whether or not suit is filed.
Assuming they are reporting to all 3 bureau's, every reporting involves at least 12 FDCPA violations and 6 FCRA violations. The FDCPA violations are separate causes of action from the FCRA violations, and the FCRA violations are not limited to $1,000 per suit like the FDCPA violations are.
CREDITWRENCH CEO Bill Bauer stating that unless a suit is filed, no further violations occurred is false and misleading.
