If there is no set amount, is it bad to dispute it many times? Can it affect you negatively in anyway?
2006-12-15 08:34:40 · 6 answers · asked by Little Hulk 1 in Business & Finance ➔ Credit
Sadly we have another batch of answers from from people who can't take 2 minutes to research their answer.
Part of the "Fair and Accurate Reporting Act of 2003" gave the credit reporting agencies the power to ignore multiple dispute requests as "frivilous".
A portion of the law is posted below. As you can see, there is no set amount of disputes that will "trigger" their enforcing the "frivilous" ruling.
2006-12-15 12:08:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't think there is a limit. With so much identity theft these days, it's possible that there is quiet a bit on your credit that is not yours. Once you dispute, the other company has a time limit in which they must respond and if they don't then it's taken off.
2006-12-15 08:45:19 · answer #2 · answered by mom2ghl 3 · 0⤊ 0⤋
The same item which was already determined to be valid? After you dispute it once and it was valid, the companies can ignore your future disputes for that item since it could be considered frivolous.
2006-12-15 17:13:01 · answer #3 · answered by Mariposa 7 · 0⤊ 0⤋
As far as Im aware you can query a debit from your card as many times as you wish and it won't have an affect on your account. Although I would say that you should at least try to make contact by phone or in a branch to get some closure on the situation.
2006-12-15 08:39:36 · answer #4 · answered by Sherlock 6 · 0⤊ 0⤋
unlimited - but why would you keep disputing it if they verify it as accurate - if it is not send proof to the bureaus
2006-12-15 08:59:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I don't believe there is a limit, but if it's true, there's a good chance it won't go away.
2006-12-15 08:38:51 · answer #6 · answered by Anonymous · 0⤊ 0⤋