@Anonymous wrote:
Question: Is it a violation of the FDCPA/FCRA when a credit bureau/credit reporting agency does not correctly classify a creditor? For example, I see that my Equifax credit report (directly from Equifax, not annualcreditreport.com) reads:
"CREDITOR CLASSIFICATION: UNKNOWN"
If this is a violation, can you point me to the section in the applicable law that applies?
Any help is tremendously appreciated.
CkinDC
Incorrect information only needs to be updated and is not required to be removed. Honestly, I am not even sure creditor type is even that big of an issue. Is the OC correct? That is probably the most important thing. Everything is allowed to be corrected and they have to be given the opportunity to correct info. You cannot just hit them for violations without giving them the opportunity to fix it.
Annual credit report is free to pull weekly thru 4/2021, so there is little reason to wait to pull the reports for all three bureaus.
