I work in the field of credit restoration, and I have noticed that there is a pattern of serious misinformation by Experian in particular.
What are they doing that the others aren't?
The amount that a negative item affects your score is mostly based on how recent the delinquency is reporting. The more recent, the more it hurts your score.
So what's Experian doing?
If you have an account charged off in 1999 and you dispute the validity of the item, if they verify it, they are posting that item as charged off in 1999, then posting it as charged off in 2005!
People who would have decent scores because they have maintained a good credit history over the last 4,5 years now have scores in the 400's because experian is reporting the verification dates as the last delinquency dates!
I would love to have a lawyer file a class action lawsuit against these bast*ds again. This is not an isolated incident. I work with hundreds of clients, and this is becoming their normal pattern. I don't know if it's a computer glich or just a retaliation for making them have to actually work; either way it's wrong and needs to be stopped.
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