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Originally Posted by Scorepro  I agree, I don't think a BBB complaint is the correct tactic. First and foremost, the biggest thing you have working against you is that there info is correct-you did pay late, albeit only by one day. I too find it nuts that they aren't willing to work with you, considerng it was an isolated incident. Like Trish said, a goodwill letter or talking to a higher up might prove to be effective.
Second, there is no law stating they HAVE to report anything--that is BS!! Question--when you say u paid one day late, do u mean I paid on the 31st day? Or, if do you mean u paid one day past the due date (like the 2nd of the month) and they are reporting it as a 30 day late? Also, exactly how long ago was this? The good news is that if this is pretty old, it is most likely not affecting your score as much as u think. The older an entry becomes, the less effect it has on your score.
That said, if you still want to have it removed, your best bet may be to talk to a higher up. Perhaps mention how their unwillingness to overlook this will certainly affect the chances they will get any future business from you. I would clearly focus on the positive things about your account like the fact this was one incident, you paid the loan off quickly, etc. Do u have accounts @ this bank? If so, leverage that in ur negotiations as well. |
There is no law they have to report you,if they signed a contract with the cra's chances are they will,but a question i pose to you is this.Why do some companies never report good customers by stating its payed as agree,but the minute you miss they report you.So what law says they have to report you?Point it out.
Now banking laws may be different than that because the feds get involved with auditing and such.So i may be wrong when it comes to ftc and banking law.but on cc i know of no law