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coco
23-11-2009, 02:39 PM
[Emphasis by me]

http://news.aol.com/article/credit-agency-tells-ann-howe-shes-dead/779068

Credit Agency to Woman: You're Dead

SEATTLE (Nov. 22) –- A Seattle woman was rejected when she applied to refinance her home, and it wasn’t because she was an unreliable borrower. A credit bureau had listed her as dead, according to KOMO-TV in Seattle.

Ann Howe, 78, had recently suffered the loss of her husband and two health ordeals of her own when the credit ordeal began. She applied for refinancing in hopes of lowering her mortgage payments, but the bank said no when her Experian credit report came back showing her as deceased.

The credit-reporting agency apparently received a false notice from one of her creditors. "[S]omebody made a real ignorant mistake when they told Experian that I was dead," Howe told KOMO. "I mean, that was a terrible blow."

Correcting the mistake was a bureaucratic nightmare, the station said. Howe's daughter in California, Julie Kerr, sent faxes, letters, phone calls, and notarized explanations. Still, the bank refused to refinance her mom's mortgage until Experian listed her as alive.

With the lock on her mother's loan about to expire, Kerr got an idea. She contacted KGO-TV in San Francisco and let the station's news staff step in.

It worked. The mistake was fixed, and Howe got her mortgage readjusted to a better rate. Even so, she's still mad. "Because it was just stupid. And nobody should go through this," she told KOMO.

coco
23-11-2009, 02:46 PM
Despite all the effort to prove this woman was quite obviously NOT expired, the bank STILL would not provide service until the credit reporting agency changed her status to 'alive'. *spit* :mad:

Who's really in charge around here?

Revelation 13:16-17

16He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, 17so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.

dantesinferno
23-11-2009, 03:03 PM
makes you wonder why Experian have so much power, I wonder who owns them, I bet its the same people as the banks.

coco
23-11-2009, 03:06 PM
makes you wonder why Experian have so much power, I wonder who owns them, I bet its the same people as the banks.

At least in the US, if you have no or negative credit you are considered as a leper!

I don't know who owns or controls the credit reporting agencies, but when you have an error on your report you have a real mess on your hands getting it corrected and until then you are as a leper.

dantesinferno
23-11-2009, 03:08 PM
its been a world wide system for a while now, I lived overseas and my rating followed me, I am currently classified as a Delinquent according to Experian, that suits me fine :D

illuminumnuts
23-11-2009, 03:11 PM
I can understand some crazy mistakes happening now and then. It's the ordeal of putting things right for Joe Bloggs that needs addressing. My tip is insist on speaking to someone higher up the chain and tell them you are holding them personally responsible.

trix
23-11-2009, 04:01 PM
That's some bullshit right there!!

djhooker
23-11-2009, 05:36 PM
I wish they had me down as dead! imagine the things you could get away with!

coco
23-11-2009, 05:48 PM
This credit reporting error resulted in the lady not being able to refinance her mortgage to a lower rate. How else could have been affected?

Think about it. Get bad marks on your credit report and your credit is.....turned off. You're a non-person or a 'bad person'; there is either no record of you OR a record that reflects badly on you.

Credit report, credit cards, debit cards, social security profile today.

What next for tomorrow? Cash only you say?

Try walking into a hotel and paying for a room with cash - just as one example that comes to my mind.