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Most information in your credit file can be reported for seven years.
Bankruptcy information can be reported for ten years from
the date of final discharge in bankruptcy. If you find that
there is inaccurate information in your file, you should inform the
Credit Bureau at once. The Credit Bureau must investigate the facts.
If the Credit Bureau finds that the information is inaccurate,
any persons who have received the incorrect information must be notified
of the error by the Credit Bureau.
If there is a dispute between you and the Credit Bureau regarding
the information in your file and the dispute can not be resolved,
you have the right to place a written statement in your file giving
your version of the information. When sending out the disputed information,
the Credit Bureau must include your written statement.
The Credit Bureau is required to maintain reasonable safeguards against
disclosing your file to any one who is seeking the information
for an improper purpose. The Credit Bureau must also maintain
reasonable procedures to make sure the information in your file is
accurate. However, you should understand that a Credit Bureau has the right to report accurate
information regarding your
debts and payment history.
Finally, you should be skeptical of companies who claim they can
fix your credit if you have a bad credit history. So called credit
repair companies can do little or nothing to change an accurate
credit history.
If you need an attorney and don't have one, the Lawyer Referral and Information Service can help.
Call Us Monday - Friday from 8:30 AM - Noon and 1:15 PM - 3:00 PM
at (814) 459-4411. |
