Notification from creditor/collections agency
Date: Thu, 02/05/2009 - 09:56
I believe that there is a law governing the timing of notification that a creditor must provide to a consumer before reporting a claim to the credit bureaus. Does anyone know what that law is specifically? I had a collection agency contact me about a claim 4 years ago and I disputed it at that time because it belonged to a former roommate. No further action was taken after I submitted my dispute, but when my former roommate paid the claim in full in June 2008, the creditor reported it against ME and it appeared on my credit report for the first time.
Hi jennraewalt, Dispute it with the credit bureau on whose re
Hi jennraewalt,
Dispute it with the credit bureau on whose report it showed up on. Include a copy of the former dispute and as much info on it as possible. If anything, it should go on the roommate's credit report!
According to the Fair Credit Reporting Act [15 U.S.C. ?? 1681i(a)(5)(B)(iii)], if negative information is removed as a result of a dispute, they cannot reinsert it without notifying you within five days, in writing.
Good luck, and keep us updated.
chrys
Thanks for the message. I sent off dispute letters to the cre
Thanks for the message.
I sent off dispute letters to the credit bureaus last week, so we'll see how that goes. Fingers crossed!
