Is This Article Correct?
By law you are allowed to dispute inaccuracies on your credit file By law and The Fair Credit Reporting Act before placing any item on your credit file the credit bureau’s (TransUnion, Equifax & Experian) must personally contact you to inform you than an item is going on your credit file and record that conversation as proof that you were contacted, if they do not (and we all know they don’t) it deems that item inaccurate and therefore is an incorrect entry on your credit file per the Fair Credit Reporting Act they must delete anything from your file that is inaccurate. Amazing how they just don’t come right out and tell us consumers this bit of information. It doesn’t matter whether it is really your delinquency or not. Rule 2: Once an item has been deleted from your credit file it is illegal for them to reinsert it and if they do you can sue them.
Public Comments
- By law you are allowed to dispute anything on your credit report, esp. if it is wrong or have been on 7yrs and over. You dispute these items and they will take it off. The part about the personal call from the credit bureaus (Trans Union, Equifax & Experian), um, that is outrages, they barely want to fix the disputes you make, so you gets no call at all sorry. If that was the case, then people would not have to pay extra for their own personal credit watch tools. Most people are contacted before anything is placed on their credit report anyway, by the creditor. They do contact you by mail, phone, etc (you know those obnoxious creditor calls) informing you that you owe these charges, so that may be what this article is talking about. This article may be somewhat true, just depends on however a person is reading the The Fair Credit Reporting Act and comprehends it (sort of like the Constitution lol!) It seems that the government is always amending this act, so I will post some sites so you can read the information yourself.
- The article is not completely accurate. True, any time someone puts negative information on your credit report, they must notify you of it. But that notice can come in the form of a first class letter sent to the last known address. So, if you dispute the notification they will simply state it was mailed out...don't know if the post office lost it or if you lost it or if you just tossed it out. You won't get anywhere disputing this. True. You can dispute any item on your credit report, and the credit bureau is required to investigate it. That investigation is limited to them contacting the creditor and verifying if the info is true. If the creditor says it is, the report stays. No proof, nothing. The credit bureau has fulfilled their requirements under the FCRA and the report stays. If the creditor does not respond to the investigation, the item is automatically deleted after 30 days. However, the creditor can put the information back on your report at a later date. You can also send a letter to the creditor demanding that they validate the debt. That means they must send you copies of contracts, bills, receipts, and everything they used to calculate what they claim you owe. Failure to do so is a violation of the FDCA. Note that if the information is accurate, and if the creditor properly follows the FCRA rules, there is no way you can get the negative information deleted.
