Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
I hate it when things like that happen from errors which shouldn't even be on there, sorry to hear that.
If it's off the other two out of three credit bureaus and the store creditor acknowledges it shouldn't be on there, I would dispute that ASAP. You can dispute it formally through the dispute process, but what I would also do is send an official sounded certified letter to the credit department at that store. Explain the situation and how they've had a negative impact on your ability to get credit because of their mistake, and that you will be suing if it is not fixed with 30 days.
About store credit cards - besides being loansharks, the other thing they are sneaky with is retroactive interest. They will advertise it as 0% for 12 months or something like that, and then if you don't pay the full amount off before the 12 months is up, they tack on all the interest from those 12 months too - you end up saving nothing plus paying extra-high interest for your purchase.
And about Lord and Taylor - they aren't doing too well in this economy. They probably won't make it through this recession.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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