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LT
Joined: 30 Jan 2009
LT's page
Posts: 64
2178 Magic Points
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Subject: Dispuited Account Requirements
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Wed Jun 10, 2009 8:22 pm
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| Are collection agencies required by law to note on your credit report that you have disputed an account, even if they believe the account is correct? I need the case law for this is this is correct and the Federal Statue PLEASE. |
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Kevin4522
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Subject: Dispute debt accounts
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Thu Jun 11, 2009 3:51 am
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Hi LT,
If a debt account goes to a collection agency, it has already been listed on your credit report. According to the Fair Debt Collection Practices Act, if you dispute a debt within 30 days of receiving a collection notice from the collection agency ( CA), they cannot contact you till they are able to validate the debt. If the CA is not able to validate the debt, you can send a written request to the credit bureaus to remove the debt account from your credit report. |
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rachael
Joined: 11 May 2009
rachael's page
Posts: 244
6581 Magic Points
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Thu Jun 11, 2009 11:44 am
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Hi LT,
As far as I know, there are no laws that requires collection agencies to add a remark on your credit report, if you are disputing a debt. But if you are disputing a debt directly with the credit bureaus, that particular debt account appears on your credit report as "Debt under Dispute"
_________________
Looking forward to a debt-free life. |
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LT
Joined: 30 Jan 2009
LT's page
Posts: 64
2178 Magic Points
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Fri Jun 12, 2009 9:34 pm
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| Thanks all, I have found that line about Debt under dispute is actually imputted by the creditor you have disputed with not the credit bureaus. |
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