Under the Fair Credit Reporting Act (FCRA) do the credit bureaus have an obligation to maintain consistency?
My question stems from the fact that I have successfully disputed and had removed an account from two of the three bureaus. TransUnion and Equifax have removed an account many months ago, and I am wondering if Experian has an obligation to follow suit with the supporting documents being the deletions from the other two bureaus. I remember reading something to this effect while doing some research a year or so ago.
Please respond only if you have a high level of understanding of credit and please provide supporting evidence/references (An excerpt from FCRA would be great!). Please do not respond with a quip just to get some answer points, thank you!
BTW did you guys hear Obama today?!? Credit heaven for consumers is coming soon! No fee hikes whenever they want, no hidden fees! An oversight executive type agency to monitor the bureaus and lenders, not just the dumb old silent FTP. Plain language, lots more! Google it! Just happened today!
Thanks again!
Yes, I am disputing with Experian, but they have blocked me before. They will look at something they have already verified IF there are additional supporting documents. I am using the fact that the other two buereaus have both deleted this account as additional supporting documentation. Note: This account WAS reported on all three bureaus, its VERY old, and they are no longer attempting to collect this debt. It was deleted b/c of that fact from TU and EQ, and I am filing a dispute with EX to have it re-investigated. My basis in my letter was that it was removed from the other bureaus, and under the FCRA they have an obligation to maintain consistency with the other bureaus (kind of a 2 vs. 1 thing). So 2/3 bureaus are now accurate. I was hoping to have supporting legislative documentation from the FCRA to invoke this pursuant to … and thats really my question. Thanks!
Ernest
Annie
I wish they did have an obligation to maintain consistency…my score ranges between 750 and 700 bewteen the three…a 50 point difference can mean a lot.
Herman
Each bureau is independent of the others. Just as a bad mark on one will not show up on the other unless it is reported to them also, a removal because of dispute will not automatically be removed for the other unless you dispute it with them also.
This is why it is important to monitor your credit report FROM ALL THREE BUREAUS. They are not linked together.