Longhorn_94
100+ Posts
i am not going to argue with you about it. believe what you will. i just went through a huge lawsuit brought by the FTC against one of my clients who is a credit repair company.
it is the FTC's position that CROA (the Credit Repair Organization Act) prohibits a person from disputing accurate information on their credit report. if you know it to be accurate, you can not dispute it for its accuracy. credit bureaus will not just dispute an item for the heck of it. you have to believe something is inaccurate about it and ask them to verify it. if you know it is accurate but you want it off because it is negative, you can not legally have it disputed. it is that simple.
in practice, do people claim they believe it is inaccurate just to dispute a negative item? absolutely. does it work? absolutely.
does disputing an item restart or change the last activity date? absolutely not. and if they are changing it, they are violating the Federal Fair Debt Collections Act. the last activity date has to do with payments and only payments. it does not have anything to do with disputes.
i believe someone else already quoted it but here is the relevant portion of CROA which prohibits a person from making a misrepresentation to a credit bureau (ie...claiming an accurate item is inaccurate just for the sake of having the credit bureau verify it)
it is the FTC's position that CROA (the Credit Repair Organization Act) prohibits a person from disputing accurate information on their credit report. if you know it to be accurate, you can not dispute it for its accuracy. credit bureaus will not just dispute an item for the heck of it. you have to believe something is inaccurate about it and ask them to verify it. if you know it is accurate but you want it off because it is negative, you can not legally have it disputed. it is that simple.
in practice, do people claim they believe it is inaccurate just to dispute a negative item? absolutely. does it work? absolutely.
does disputing an item restart or change the last activity date? absolutely not. and if they are changing it, they are violating the Federal Fair Debt Collections Act. the last activity date has to do with payments and only payments. it does not have anything to do with disputes.
i believe someone else already quoted it but here is the relevant portion of CROA which prohibits a person from making a misrepresentation to a credit bureau (ie...claiming an accurate item is inaccurate just for the sake of having the credit bureau verify it)
