DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Credit Rating agencies should be abolished.

**fgjhfgjh** · 10-27-2010, 01:38 AM

Read my post please, I has nothing to do with racism, it has to do with accountability.

I agree, it's amazing such a thing is allowed to exist in this country.

A creditor can post anything they want to your credit. You can challenge it, and it will remain. You can contest it, and they are supposed to post your statement, but when people pull your credit, they wont see that you contested it or why. So if you dispute a bill with a creditor, and don't pay it, because you believe you don't owe it, then they can ruin your credit, and there's nothing you can do about it, unless you want to spend thousands going to court.

10-27-2010, 01:38 AM	#5
fgjhfgjh Join Date Oct 2005 Posts 482 Senior Member	Read my post please, I has nothing to do with racism, it has to do with accountability. I agree, it's amazing such a thing is allowed to exist in this country. A creditor can post anything they want to your credit. You can challenge it, and it will remain. You can contest it, and they are supposed to post your statement, but when people pull your credit, they wont see that you contested it or why. So if you dispute a bill with a creditor, and don't pay it, because you believe you don't owe it, then they can ruin your credit, and there's nothing you can do about it, unless you want to spend thousands going to court.
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