CRA required to provide proof as per the FCRA
Date: Tue, 10/25/2005 - 07:35
Correct me if I am wrong, but under the FCRA, isnt the CRA required to proivide on request of the consumer evidence or other proof of how/ why a disputed entry was able to be validated?
UPDATE:
A little further investigaton and I found Sec.611 par. 6 Sub Sec. B
[quote](iii) a notice that, if requested by the consumer, a description of the
procedure used to determine the accuracy and completeness of the
information shall be provided to the consumer by the agency,
including the business name and address of any furnisher of
information contacted in connection with such information and the
telephone number of such furnisher, if reasonably available;[/quote]
UPDATE:
A little further investigaton and I found Sec.611 par. 6 Sub Sec. B
[quote](iii) a notice that, if requested by the consumer, a description of the
procedure used to determine the accuracy and completeness of the
information shall be provided to the consumer by the agency,
including the business name and address of any furnisher of
information contacted in connection with such information and the
telephone number of such furnisher, if reasonably available;[/quote]
HI Clay It is absolutely true that the credit reporting agenc
HI Clay
It is absolutely true that the credit reporting agencies are required to conduct the investigation and if the dispute filed by the consumers is considered inaccurate, then the bureaus will have to submit proof of their part of the investigation.
If the bureaus have not submitted the required information and you feel that your dispute is legitimate, you can sue the credit bureaus on violations of the FCRA.
Regards
Roxette
