I have a question about Credit Reports and a friend told me this, and im not sure its true.. Is this true or false...If you dispute information on your credit report, you can add a consumer statement explaining the circumstances.
2007-11-17 11:05:24 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
Your right to insert a brief statement is guaranteed by FCR Act § 611 (b). Depending on which state you live in its length varies from 100 to 200 words.
Unfortunately this statement will do no good to you because it is not considered when your credit score is calculated. Usually such statements are considered to be a consumer's defeat. If there is something you can do to dispute the item and its accuracy then do everything you can to remove it.
2007-11-17 12:16:58 · answer #1 · answered by Dr. Shakar 2 · 0⤊ 0⤋
your friend is CORRECT. If you dispute any item(s) on your credit report, whenever the Credit Bureau sends out your report, they MUST include your statement disputing any debt. They can report the debt until their investigation proves whether you owe it or not.
2007-11-17 19:48:09 · answer #2 · answered by Mike 7 · 1⤊ 0⤋
Yes you can. Just contact each of the three credit bureaus.
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2007-11-17 19:08:39 · answer #3 · answered by Barkley Hound 7 · 0⤊ 0⤋
True.
2007-11-17 19:23:24 · answer #4 · answered by #### 1 · 0⤊ 0⤋
It's true. GB and GL
2007-11-17 19:09:18 · answer #5 · answered by denise g 4 · 0⤊ 0⤋