Here is my situation...
I have some sort of potentially negative entry on my report from a medical establishment. It is quite possible that the information is accurate, but I have no recollection of this bill. It is not necessarily considered a "negative account" since there is no payment agreement, it is only in collections.
So my question is:
Is it possible to have any negative consequences from disputing this with all three of the credit reporting bureaus?
I have read some sources that say it can't hurt and that it could be removed if it is not confirmed in a timely manner; even if it is accurate.
I also have read that it is illegal to dispute accurate information and it should not be done. Though no mention of the negative repercussions.
In all honesty, I doubt that the entry is inaccurate. I am merely hoping that because I never receive any attempt to collect letters, and it is from almost five years ago, that it might not be confirmed in time. I seriously have no idea what the bill could be from, and I am using that reason alone to justify disputing this item!
Unfortunately I have already disputed it with Experian without thinking to get advise first. I know that you are supposed to dispute an entry with all three credit reporting bureaus, but now I am paranoid that it will come back to haunt me!
As always, any advice would be greatly appreciated!
Thank you for your time,