Wednesday, March 17, 2010

How do you follow up after you have submitted a dispute regarding something on your credit report?

I recently mailed some documents to dispute an item on my credit report. I received a phone call from an automated service stating that my request had been received and my dispute should be completed in 14days. Don't really know where to go from here, or what the possible outcomes may be. Ive tried looking online but it seems i am looking in all the wrong places.

How do you follow up after you have submitted a dispute regarding something on your credit report?
If you disputed it with the credit bureaus (Equifax, Experian, TU), they have 30 days from the date of filing the dispute to hear from the collection agency/creditor to validate the debt. If they cannot do so in this 30 day period, the item MUST be removed from your credit report. It will still take some time for the bureaus to remove the item from your report, generate a new report with a letter explaining the action, and get it into your mailbox. There is really nothing else you can do at this point....except wait for the mail.





If you filed the dispute with the collector, that's another story entirely. I've never heard of a credit bureau calling you with an automated message stating they received your dispute, which makes me wonder if you're talking about them, or a collector.





Regardless if the dispute is granted or denied, you will hear from the bureau. If a change was made, they will send you a new credit report.
Reply:Once they acknowledge receipt of your complaint it may take several months before it is resolved. You will get something in the mail. Credit bureaus are large bureaucracies and their procedures cannot be rushed.


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