How long is a Universal Data Form good for? Do they expire or have less of a value over time? I can't find anything in the searches.
Hi Vick, I believe you'll find that the CRA's won't [don't like to] accept a UDF if it's more than 90 days old. But not sure. If it were me I'd make em accept it. I've never seen any "law" that backs them. lol
Are you saying you actually have possession of one of these forms? I thought only creditors had these and aren't allowing to give consumers access to them because of some agreement between CRAs and OCs.
lr: any agreement which would prohibit the giving of the udfs, or any other form between the dfs and cras are against the fcra. in many cases actually having possession of the udf allows the consumer to know for certain that it is the cra who is violating the fcra, and not the df, since if the consumer has the udf the consumer knows for a fact what the df told the cra. they also try to claim the same thing about providing a copy of the actual credit report which was given to the requestor by the cra, dispite the fact that the fcra requires them to on request provide the actual credit report received to the consumer.
Request the UDF from the party who said they would change the information. Take the position that if they can't give you a UDF, they can't prove they did anything. "It will be updated with our regular report to the CRA, which may take 90 days to make the change" is NOT an acceptable answer, since after 90 days, if nothing is changed, it could take another 90 days. It is their information that is inaccurate, that is causing damage, and to lessen their liability for the damage they are causing, they must respond quickly, and cooperate fully. The simplest way they can toss the hot potato to the CRA is to send the CRA a UDF and give you a copy. This transfers the blame to the CRA.
