If I dispute info with experian and the results are in my favor, must I also challenge the info with the other two credit agencies or will the collectors remove thoughs also?
2006-12-15 12:56:21 · 4 answers · asked by greeneyepit 2 in Business & Finance ➔ Credit
You must dispute the information with each of the bureaus. They are seperate entities and do not share information. (They are basically competitors and that is one of the reasons they don't share the info.) You can also dispute it with the original creditor and the creditor has 30 days to verify the information and have it removed from all the bureaus it reported the debt to, or face fines. The link below contains sample letters you can send to the creditors, just in case you don't know where to start.
2006-12-15 16:33:13 · answer #1 · answered by Mariposa 7 · 0⤊ 0⤋
yes they are 3 separate entities. And depending on who the collectors are.
If it was for medical billing/debt - collections then yes because they are contracted with an insurance and will do it as a service.
But a debt like credit cards. it's a 50/50 chance if they do or not. But it doesn't really matter. You should send a copy of the documentation to the other 2 bureaus thus w/ the proof they will remove it. As long as the collection agencies don't re-report it your fine. (and they shouldn't )
2006-12-15 21:24:18 · answer #2 · answered by Azure 2 · 0⤊ 0⤋
Vanilla is right. You need to dispute the info with each credit bureau, unless the creditor sends the corrected info to each credit bureau, which is unlikely since they have no incentive to do so and it costs them money to have someone send out the info.
2006-12-16 00:27:48 · answer #3 · answered by Chrisusc 2 · 0⤊ 0⤋
You have to send the info to all 3 agencies.
2006-12-15 22:29:17 · answer #4 · answered by vanillabeancheesecake37 3 · 0⤊ 0⤋