I am trying to get rid of a bankruptcy that was not mine off of my credit report. Do I have to dispute all three credit bureaus or just do one and all of them will be taken care of? Do they all create their own report or just get it out of some common source?
2007-07-06 08:13:55 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
ttpawpaw is wrong.
Bankrutpcies are public records. Credit Bureaus regularly go through these records and pick up this information. If it was posted to your account incorrectly, then it's the credit bureau's fault.
No firm or agency submits this info to the credit bureau, so asking them to fix it is a waste of your time.
Mary is also wrong. The law requires that if you report ID theft to one agency, then they will send the report to all of the rest. But incorrect line items must be disputed with each agency.
Send a dispute letter to each agency. They have 30 days to resolve this and notify you. If they claim the info is correct then send a request for info on how the investigated this report.
If the item is truely not yours, then they had better fix it quick or risk being sued by you for $1000.
2007-07-06 09:52:04 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I would go ahead and contact all three, that will get the job done quicker.
Congress made sweeping changes in credit law that were effective January 1 of 2005, that you only have to dispute an item with only one credit bureau, and by law, they have to contact the other two...but they have up to 90 days to do it.
Not sure if this applies to you or not, but if you were a joint account holder on a loan (or credit card) that was included in a bankrupcy (by the other person), then your credit report is reflecting accurately.
PS: To address the posters that said I am incorrect about the credit repositories exchanging information (in all due respect), they do this all the time, and there IS A FEDERAL LAW that now requires them to report any dispute to each other. This fell under the "Identity Theft Act", and it included disputes. Anyone is welcome to research this.
Where did I get my information from? When the law got passed, I attended seminars that were given DIRECTLY by Transunion, Equifax, and Experian informing mortgage underwriters and brokers of the new credit laws that were going into affect, and how those changes would affect what appears on a report.
A simple call to these credit repositories will more than confirm what I am saying.
AT NO POINT did I say the original poster SHOULD NOT dispute it with all three....I just said she didn't have to because they would inform the other two within the 90 days, required by law.
2007-07-06 08:20:51 · answer #2 · answered by Expert8675309 7 · 0⤊ 0⤋
You have to deal with each of the three individually. It might make more sense to deal with the firm reporting the bankruptsy rather than the credit agencies. The most you can do by dealing with the agencies is to have a footnote added to your bankruptsy saying that you don't agree. It will not remove the report. Only the firm reporting the bankruptsy can change the report. If it truely isn't yours they could remove your name. If you co-signed for something and the other person filed bankruptsy, you are stuck.pp
2007-07-06 08:44:02 · answer #3 · answered by ttpawpaw 7 · 0⤊ 0⤋
You need to dispute it with each credit bureau, and follow up with it. They make it easy to do it online.
2007-07-06 08:50:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Dispute at all three. They don't report to each other.
2007-07-06 08:22:36 · answer #5 · answered by easyericlife 4 · 0⤊ 0⤋
Yes, you'll have to contact them all.
Good luck !
2007-07-07 05:06:50 · answer #6 · answered by Jimmy John 3 · 0⤊ 0⤋
all three
2007-07-06 08:47:33 · answer #7 · answered by shorty21 5 · 0⤊ 0⤋