Verification

[Jackal]

Am I right that if a CRA is unable to verify within the thirty day period they have to delete????

[cookiemnster]

<blockquote>Originally posted by kb9tbq

This is a bit confusing on my side because they say you have 30 days to dispute & receive answer, but once they recieve your letter. They send out a letter to the creditor asking them to verify against their records and respond in 30 days. So this indicates that the 30 days starts with the creditor getting the letter & not the CRA.

</blockquote>

Noooooo. The 30 days starts when the CRA receives the letter. From that point, they have 5 days to notify the furnisher of the information of the dispute and provide any information that was sent by the consumer. That is all spelled out very clearly in the FCRA, despite what Equifax is now claiming. :upsidown:

[Jackal]

Yes, thst is exactly who I have the problem. Equifax sent my results back within the thirty days, but five accounts were not addressed. But on my CR it states reinvestigation in progress.

[cookiemnster]

<blockquote>Originally posted by kb9tbq

So the CRA's are giving more time to the Creditors than they have to be giving.

</blockquote>

Yup.

§ 611. Procedure in case of disputed accuracy [15 U.S.C. § 1681i]

(a) Reinvestigations of disputed information.

(1) Reinvestigation required.

(A) In general. If the completeness or accuracy of any item of information contained in a consumer's file at a consumer reporting agency is disputed by the consumer and the consumer notifies the agency directly of such dispute, the agency shall reinvestigate free of charge and record the current status of the disputed information, or delete the item from the file in accordance with paragraph (5), before the end of the 30-day period beginning on the date on which the agency receives the notice of the dispute from the consumer.