Legal Question in Business Law in Texas
Credit Report
I have made several late payments on credit cards two years ago, I have received several e-mails scams saying that the credit report could be changed. I don't believe how that can be done if it was not a mistake. This is a quote I saw at a credit repair agency ''...The law demands that negative listings appear on your credit report for no longer than seven years. The credit grantor or the credit bureau can choose to delete the negative credit listing whenever they see fit.''
Is that statement true?
According to which law? I couldn�t find any information regarding a law stating that.
Asked on 6/27/02, 1:48 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Credit Report
It's true. It is federal law. Look for Fair Credit Reporting Act.
Answered on 6/27/02, 2:03 pm
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