Credit Card Center Advertiser Disclosure†
01-26-2013 05:18 PM
I will make the assumption that you don't have your report in front of you.
You can pull the report from any of the three bureaus at annualcreditreport.com for free. Once you do that, you can do what jsucool proposed. You can also write to any of the bureaus at their addresses, found easily on their websites. And I believe there are phone numbers, but I'm not sure that disputing items is available on the phone numbers.
Hope that helps.
01-27-2013 02:11 AM
As a general overview, the FCRA provides two difference processes for disputing inaccuracies in your credit report.
The first process is to dispute via a CRA, and let them handle it. Disputes via a CRA can relate to any information in a consumer's credit file, including credit inquiries and public record information, which are not disputable under the second process.
The CRA will refer a copy of the dispute to the party who reported the information, and solicit their recommendation, which could be a verification that they consider it accurate, a correction, a deletion of the disputed information, or no response.
The CRA then, under what the FCRA refers to as their "reinvestigation" of the dispute, considers all information, including any response by the furnisher, renders the final decision, and sends it to the consumer.
A sore spot in the CRA dispute process is that the CRAs use an electronic process for referring your dispute to the furnisher, under which they almost never include all of your supporting documentation. So the furnisher, in resonding back to the CRA, might not have the full documentation of your reasons for the dispute.
As an alternate to the CRA dispute process, a direct dispute process is available. Under that process, the consumer sends their dispute directly to the furnisher of the disputed information, thus assuring that they receive all documentation. The CRA is not part of the final determination, which is convey directly back to the consumer.
It is thus, in my opinion, the preferred dispute process. However, direct disputes cannot be used if the information relates to credit inquiries, public records information, or disputes over consumer personal identification information.
Deletion is only compelled if the dispute information either cannot be corrected to make it accurate, or cannot be verifified as accurate as reported.
In verifying, the furnisher is not required to "prove" the accuracy, only attest to its accuracy. So if they either verify or correct, deleltion is not a required outcome.
If they verify and you disagree, resolution of that issue is beyond the score of the FCRA dispute processes.
Requiring a hearing of the facts and positions by both parties is then the job of the courts, which requires the consumer to file a civil action.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.