If you dispute something on your credit report to try and get it removed (even if it is accurate), how long do creditors have to respond before it gets taken of of your report because they failed to respond to the dispute?
2006-11-08 07:57:37 · 5 answers · asked by bizzie 2 in Business & Finance ➔ Credit
30 days from a paid report . 45 from a free report. For more answers go to creditboards.com
2006-11-08 08:08:37 · answer #1 · answered by lectric lady 2 · 0⤊ 0⤋
They have 30 days to respond or the item will be deleted. They have stall tactics that they use, they may send you a notice saying additional info is needed to complete investigation, this is a sign that they can't verify it. 9 times out of 10 if you keep disputing (even if accurate) they will remove it because someone will drop the ball. But once they can verify the info, it will just reappear. Best advise - contact collector and try to settle for a lower amount, if possible.
2006-11-08 08:17:53 · answer #2 · answered by JustMe 2 · 1⤊ 0⤋
I have reviewed the "legalese" of the Fair Credit Reporting Act (FCRA) to answer this question.
According to the Section 611 of the FCRA, the credit bureau has 30 days from the DATE THEY RECEIVE your dispute to conduct and complete their investigation.
However, if you send additional information (i.e. evidence, documentation, etc.) during this 30 day period which impacts the investigation, the 30 day period is extended for an additional 15 days.
So, 30 days normally and if you send in additional materials during that period, 45 days.
Good luck.
2006-11-08 20:43:46 · answer #3 · answered by DaMan 5 · 1⤊ 0⤋
30 days.
2006-11-08 08:00:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
ahh dear check with ECR, they have great resources on these matters, have a great day!
http://www.ezcreditrepairsolutions.com
2006-11-08 08:34:27 · answer #5 · answered by Anonymous · 0⤊ 0⤋