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Credit Bureau must look over item(s) that you say are not correct, typically within 30 days unless they consider your dispute frivolous. They also must forward all relevant information you send them to establishment (bank, credit card agency, etc.) that gave them data for your credit report.
After company obtains notice of a dispute from credit reporting agency, it must review and inspect all crucial information furnished and report resolutions back to CRA’s.
If information provider finds challenged data to be incorrect, it must give notice to all nationwide credit reporting agency so that they can update this information in your credit report.
Challenged data that can’t be corroborated must be removed from your credit report.
Inaccurate information must be updated by Credit bureau.
Incomplete information must be changed by Credit reporting agency.
Any account that belong only to another individual must be deleted by Credit reporting agency.
NOTE: Credit repair can be long and boring, importance of understanding your rights cannot be stressed enough so be sure you take time to digest this information.
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