8/4/08: PROOF that Trans Union’s greed contributed to credit crisis
Of course I’m talking about my response to the TU motion to dismiss.
I included many exhibits, including the TU and NCO discovery responses.
They didn’t even try to claim that they investigated my notice of Dana Capital’s account breach or deliberate sale of consumer credit reports to unlicensed brokers engaging in illegal marketing and false mortgage advertising.
Fair Isaac, the CRAs and resellers like NCO are substantial contributors to the current credit crisis.
They made the biggest financial crisis in history possible. And it’s not only the willful sale of credit reports to known criminals, but the CRAs maliciously refused to provide complete and accurate credit reports and many people were forced into subprime loans because of the resulting low FICO scores.
If I was a bank with subprime losses, I’d be suing the credit bureaus and Fair Isaac.
Many home owners would NOT be in foreclosure if they had qualified for the low fixed rates because their credit reports were complete and accurate.
MY EXHIBITS
1) 6/22/08 Trans Union Responses to Baker’s Requests for Admissions
2) 6/22/08 Trans Union Responses to Baker’s Interrogatories
3) 6/22/08 Trans Union Responses to Baker’s Requests for Production of Documents
4) Trans Union communications TU 0005 – TU 0008
5) 5/21/04 Trans Union letter re. files A and B to attorney Lewis TU 0038 – TU 0039
6) 2/12/05 Baker’s request for termination NCO and Dana Capital TU 0070 – TU 0090
7) 8/22/05 Baker’s Trans Union dispute of unrated accounts (PrivacyGuard) TU 0144
8) 8/25/05 Trans Union report p. 5, NCO and First USA (Chase) inquiries TU 0153
9) 9/10/05 Trans Union deletion of positive Capital One account TU 0164 - TU 0165
10) 5/1/05 Baker’s request to remove fraud alert TU 0192 – TU 0195
11) 5/20/08 Trans Union credit report TU 0197 – TU 0205
12) 2/8/08 Trans Union Investigation Results deleting NCO inquiry
13) 5/27/08 NCO responses to Baker’s discovery requests
14) 8/2/08 TrueCredit website terms
15) Baker’s blog posts about Trans Union’s repeated failure to report a client’s discharged
Capital One account with the Date Closed.
16) myFICO order screen with Trans Union “locked.”
17) FTC Comments on FCRA
18) Trinity junk fax and Mutual Benefit loan approval at 1%
19) Trans Union 3/10/08 reporting of the client’s Capital One account without the date
closed.
20) Trans Union 3/15/06 letter acknowledging receipt of Baker’s dispute on behalf of
client.
-----------------------------------------------
Everything is posted at CreditCourt.
Wish I had time to put it all on the new TU site with idiot-proof explanations. Until I got their discovery responses, my claims were only allegations.
Now I have the proof.
And that’s what I needed for the book.
What the judge decides is rather irrelevant. I pointed out that their admissions are deemed admitted as they responded late. Instead of providing a declaration with sworn statements, I decided to certify my entire 15-page response.
Still, I know what to expect and it no longer matters. I’ll be surprised if TU isn’t dismissed.
“The truth is out there ...”
I haven’t said that in a long time.
Posted by Christine on 08/08/2008 at 05:52 PM
Credit crisis deliberately caused by the regulators • 2007 Inquiry suit • Trans Union • NCO - illegally selling credit reports • (0) Comments • Permalink
