Hi Revelate, There's no question that the creditor is not under on obligation to report an account. For example, creditor X might report to only 1 of the CRAs, or perhaps none of them.
The question is, once the CCC has already been reporting an account, can it unilaterally delete that account with no later recourse by the consumer. It is that which I am expressing some doubt about. If such a consumer were to show the CRA that the record had appeared a month ago and that it represented true data, he could certainly ask the CRA to investigate the creditor requesting the deletion of records that were true. According to the Experian link, EX frowns on that and night well cancel that creditor's contract.
Of course I suppose anything is possible in life, but it strikes me that the consumer would have a lot of options that would make the permanent deletion of a valuable account of his very unlikely. The probability that a CCC would insist on deleting a true account even after the consumer pointed out the error and risk trouble with the CRA strikes me as very low.
