Dispuited Account Requirements

Submitted by LT on Wed, 06/10/2009 - 20:22

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.

Kevin4522 (not verified)

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.

Thu, 06/11/2009 - 03:51 Permalink

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"

Thu, 06/11/2009 - 11:44 Permalink

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.

Fri, 06/12/2009 - 21:34 Permalink