Are there consequenses for trying to cheat the system?
2006-11-13 11:39:05 · 4 answers · asked by Michael D 1 in Business & Finance ➔ Credit
If it is a legitimate dispute and it is ruled against you, you should be able to appeal it but make sure you have all information that they ask you to get. It took me 4 yrs to get a phone bill off my credit report because someone made me the victim of identity theft. They kept trying to get me to pay the bill and I refused. It was a legitimate complaint. If they ask for documents then you must produce them. Good Luck.
2006-11-13 11:50:01 · answer #1 · answered by miamac49616 4 · 0⤊ 0⤋
It stays on your credit report for 10 years after the last date of activity. If its a collection you still the money. The bureaus should give you a reason why it was ruled against you. If you have documentation of something after the fact you can put in another dispute and fax the docs to the bureaus. You can also contact the company the dispute was put in with. Lots of people put in disputes with tradelines on their credit. You shouldnt "try to cheat the system" ... you should "try to clean up your credit". Thats probably a better way of putting it.
2006-11-13 19:47:52 · answer #2 · answered by Kristin Pregnant with #4 6 · 1⤊ 0⤋
It stays on your credit report. There is a small consequence. If the debt was an old one and you disputed it, the creditor updated the information (which makes it look like an account with recent activity). The creditor can't change the original open date, but can change the reporting date.
2006-11-13 20:01:53 · answer #3 · answered by Mariposa 7 · 0⤊ 0⤋
I don't know. Hopefully, you got an explanation and maybe something that gives you appeal rights or something. If I tried to cheat the system, it would backfire on me.
2006-11-13 19:43:26 · answer #4 · answered by Darby 7 · 0⤊ 0⤋