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FLAG PUT ON CREDIT REPORT
January 31, 2014
9:36 pm
sf11
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March 28, 2013
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Can we just ask peoples trust to take it off since they put it on. Has anyone called peoples trust and told them to take off the flag on our credit reports and if so did they ?

Do we have to do it ourselves ?

February 1, 2014
10:54 am
GS1
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February 22, 2013
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Once a flag is there it is virtually impossible to remove it. The flag I have on my report takes the form of "possibly victim of stolen identification". When this was reported they flagged my file. It would be extremely difficult to now say, "oops, no, I am now convinced it is NOT possible I was the victim of stolen identification".

GS

February 1, 2014
7:29 pm
Loonie
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October 21, 2013
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At least it claims you are a "victim", not that you have bad credit per se!

February 2, 2014
11:44 am
Doug
British Columbia, Canada
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Why did Peoples Trust put a "flag" on your credit report? If it was because of something (relatively) minor (i.e., bounced EFT that overdrew account, provided account wasn't closed), they shouldn't be doing that. That's just plain wrong and I'd escalate this to their Customer Service Manager and, ultimately, to their Ombudsman if necessary. If the account was closed when overdrawn, that's a different matter as they had to write something off for you. You can ask that you be allowed to repay it, but I'd be sure to negotiate, in advance and in writing, that they agree to write to both Equifax and TransUnion (possibly the Experian-owned Northern Credit Bureaus, if necessary) to request that this be expunged from your credit bureau.

If it was do to a delinquency or write-off on your credit card with Peoples Trust, that's a different matter. You can again offer to repay this amount, but they are under no obligation to remove the negative remark from your credit bureau as it reflects your past history. It should automatically fall off after 6 years. If it doesn't after 7 years, you'll need to write to the credit bureaus and request they purge it in accordance with their own data retention rules.

Hope that helps,
Doug

February 2, 2014
11:47 am
AltaRed
BC Interior
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PT putting flags on credit reports was a result of the privacy breach issue (see other threads on this).

February 2, 2014
12:31 pm
sf11
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they put it on most of us in October identify theft possible, I don't want this on my report can you ask peoples trust to take it off cuz going through Equifax is a huge hassle, will peoples trust take it off if demanded ?

February 3, 2014
2:46 pm
Doug
British Columbia, Canada
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They should be able to, if you request they do so. If it's just a "privacy" warning/type flag, this won't impact your credit score in any way, but will impact your ability to apply for credit until it is removed. :)

If they won't remove it, you should be able to go through Equifax/TransUnion/Northern Credit Bureaus (although, if you're using a P.O. box, you may not be able to authenticate yourself via their IVR and may have to send in photocopies of your two pieces of ID, one being photo, and a copy of your utility bill showing both your addresses).

Hope that helps,
Doug

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