Comcast (yes, the cable and internet people) has a great story about your credit report, disputes and the “two digit codes” that the credit bureaus use.
When you dispute something on your credit report, here is what happens: When consumers file a dispute with the credit bureau, they are asked to describe the error, and can opt to send any supporting paperwork or information separately. The bureaus then conduct an investigation, which basically involves notifying the creditor about the disputed information so the creditor can confirm whether it’s wrong. Problem is, the bureaus report errors by choosing from a list of two-digit codes that describe the most common types of complaints, such as “account not his/hers” or “claims account closed.” That, consumer advocates say, may solve some problems. But it doesn’t solve those that fall outside the box.
The article also states, “In fact, consumers are often forced to take the credit bureaus to court so they can have their case heard by a human being.”
Scary, isnt it? Just because you dispute something from your credit report does not mean it is gone. You may need to fight and fight.
Make sure you know your credit report and your rights. If you need my free report on your credit report, email me now.