Legal Question in Credit and Debt Law in California

Bad Credit Report

My Credit report has somone other than myself ''bad credit'' I have contacted the Bank and they agree that they are reporting in error. I demanded that they contact the repoting agency. they told me that I had to contest the report. In addition, 2 more items a credt card and a purchase agreement is on my report which are not mine. this credit report with errors prevented me from buying a house I have never been late on any payments ever. What can I do? ILost some money when my home purchase failed. Thank you


Asked on 12/21/04, 10:57 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Bad Credit Report

Actually, under the new credit law (FACT), the bank does have to contact the credit reporting agency. Under existing law (FCRA), you have the right to dispute anything on your credit report and the credit reporting agency has to remove the disputed item within 30 days unless they can re-verify it. It has been suggested to me that enrolling in a program such as creditexpert.com, that lets you dispute credit reports online, can be effective because the dispute is sent electronically and they have less time to verify disputed items. Or you can send dispute letters. Search the web (google.com) for "FCRA Dispute."

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Answered on 12/22/04, 12:08 am


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