It is the legal right of every consumer to challenge ANY entry on their credit report regardless of the entry's correctness or validity. If you challenge any item on any of your three reports, the only two things a credit bureau can do is uphold the entry validity or delete it. But the decision of one credit bureau has no bearing on the decision of the other two. You must go through this process with each bureau. When challenging items on your credit report you are hoping for (especially if you already know the information is correct) is one of 3 things:
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Credit bureaus receive thousands of disputes each day. They additionally receive 30 to 40 million bits of new information daily. It is impossible to not make errors with such a vast amount of information being processed daily. Very often the technician is just plain to tired to be entirely accurate. And often times an item is deleted in absolute error. A deletion is your goal.
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It is possible that the technician is too tired or lazy to research your one entry. Therefore, they simply delete it. This is simple human nature but the result is the same.
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Your third hope is that the creditor they (3 bureaus) contact makes an error; has previously destroyed your record (many companies destroy information after 25 months to make room for new data) or is simply too tired to pay close attention and tells the bureau it cannot be verified. The item must now be deleted.
Please note that you may hear that an item must be challenged within 2 years, this is just not the case. eCreditAdvisor has removed negative items from people's credit reports that were 4 - 7 years old.
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Posted via email from eCreditAdvisor's Blog by SocialNetGate
