Page 55 - Book7E

CHAPTER 7
Results of Your Dispute
The credit bureau is required to investigate your claim within thirty days of receiving it unless it considers the dispute to be completely invalid. Don’t waste your time or the credit bureau’s time by sending claims that you know to be false or that you cannot support.
All the information you send will be for- warded by the credit bureau to the person or organization that provided the incor- rect information to the credit bureau. It must then investigate your claim, review the information you sent, and report their findings to the credit bureau.
If you are right, and the information on
your credit report is incorrect, the person
or organization that provided the infor-
mation must then notify all three credit
reporting bureaus of the error. The bureaus must then update your file accordingly. Even though the responsible party should notify all of the credit bureaus of the error, it is still best to check yourself and make sure that the information has been corrected in all three places.
If the credit bureau cannot verify that the information provided to it by the responsible party is correct, it must delete it from your credit report also.
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Another way to
solve the traffic problems of this country is to pass a law that only paid-for cars be allowed to use the highways.
—Will Rogers