CFPB: Who are they and how can they help?

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Lexi
Lexi - 9 months ago
The CFPB did nothing to help me. I asked MCM to validate which they did not properly do, so filed with CFPB. All they did was send me the collector's response, as in "Here is the Co.'s repsonse."
kimberly pettway
kimberly pettway - 8 months ago
@Lexi not sure about that part (who he favors) but I have been told by several people that validation of the debt is first step in the repair process.
Lexi
Lexi - 8 months ago
@kimberly pettway I was told that as well. This guy is in favor of the debt collector.
kimberly pettway
kimberly pettway - 8 months ago
Good morning....I always thought validation of the debt was required according to the fair credit reporting act section 609 (a)(1)(A). Am I misunderstanding?
Michael Bovee
Michael Bovee - 9 months ago
It never has been required. What lead you to believe that it was?
Lexi
Lexi - 9 months ago
I asked them for the original contract with my signature on it to prove it's mine. They said the CFPB doesn't require that. Since when is that not a requiremnt?
Paulie The Fixer
Paulie The Fixer - 11 months ago
What about a bank that has never foreclosed on a property, for ten years and continues to report it as late every month. Can they just own me for the rest of my life? They sent me a 1099 washing their hands of it in 2009. I cant have a bank account, a credit card, I live like an illegal alien in my own country. For the last ten damn years.
Michael Bovee
Michael Bovee - 11 months ago
If it were me I would probably dispute it with the credit bureaus first. More on that here: consumerrecoverynetwork.com/dispute-tradeline-diy-credit-repair/ Depending on the outcome of that, I would then file complaints against BofA with the CFPB, and also connect with an experienced FCRA consumer law attorney in my state.
Paulie The Fixer
Paulie The Fixer - 11 months ago
Its BoA, in two weeks I will be another month late. Says on the report that it will be off in another two years, been saying that for as long as I can remember. I have not disputed it, not really sure how to do that, but I have had enough and trying to decide my best course of action.
Michael Bovee
Michael Bovee - 11 months ago
The SOL to credit report would have expired. Have you disputed this with the credit bureaus? What bank is reporting it?
Donyelle Hill
Donyelle Hill - Year ago
Excellent!!!
eljuancho2
eljuancho2 - Year ago
Thanks a lot! Let me go spank capitalone and paypal
Ronald Palomeque
Ronald Palomeque - 2 years ago
What do you when they violate the FCPA? I received several calls from a "collections dept", only have one account with MCM. They have said that if I don't pay there will be a sheriff to arrest me or they will use the "search & destroy dept." to find me.
Ronald Palomeque
Ronald Palomeque - 2 years ago
Michael Bovee Sounds exactly the same, except that I didn't pay up. Thanks
Michael Bovee
Michael Bovee - 2 years ago
I would be pretty surprised to hear that MCM is collecting from you in that way. You might be dealing with a fake debt collector though. Read through this post and see if anything I cover in that article sounds similar to what you have going on: consumerrecoverynetwork.com/question/debt-collection-scams-fakes/
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