Know Your Credit Report Rights:
Correct and Delete Inaccurate Information

Many individuals do not know their rights under the Fair Credit Reporting Act.  This federal law not only outlines consumers’ rights in relation to their credit report, but also outlines specifications for credit reporting agencies.  This is a five part series that looks at consumer rights under the Fair Credit Reporting Act.

Correct and Delete Inaccurate Information in Your Credit Report
If you dispute information, a credit reporting agency…

…must delete or correct the inaccurate information within 30 days of your dispute of the information, after it has gone through the disputing process.

…must delete disputed information if it cannot verify the information within30 days of your dispute.

…has the right to reinsert the disputed information if it later verifies said information.

…must send you written notice that information is being reinserted into your credit file.

*Credit reporting agencies are not obligated to remove information that is accurate albeit negative. ■
 

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