Posted by Adam-NY on September 10, 2003 at 14:02:41:
acc. to sec 611(a)(2)(A) of the Fair credit reporting act, the credit bureaus have to mark a disputed item in dispute within 5 working days, which means the item can’t be shown or has to be marked ‘in dispute’ to anybody, that pulls the report (The tradeline will show up, though, if you pull your own reports), otherwise they’re in violation for knowingly giving out false information.
---------->This is completely wrong. Section 611(a)(2)(a) states nothing of the sort. It has to do with the credit reporting agency notifing the original creditor within 5 days of the dispute. The tradeline only gets supressed on Equifax. Trans Union and Experian do not supress the tradelines. The creditor is suppose to notify the CRA to mark the tradeline as in dispute.
Don’t worry about the possibility of the tradeline disappearing, if the creditor doesn’t respons. If it’s an account, that you use, then it will go back the next time they report a balance. It’s not a big deal.
----->Just becareful, sometimes the removal of a tradeline will DECREASE your FICO score.