Back on 6/3 I disputed online 3 negatives with Trans Union. Please correct me if I am wrong but I thought the CRA's had 30 days to complete the investigation and if isn't completed within this time, those disputed trade lines must be removed. Am I correct? I just got off the phone with TU and found out that the investigation didn't complete until 7/16. Now the guy I spoke to told me that they have 45 days because of a new law. (I don't remember exactly what he said it was.) Who is correct?
My understanding is that they have 30 days if it is a dispute based on an ordinary credit report, and an extra 15 if you send additional information, but if your dispute is of information from a free credit report pulled via annualcreditreport.com (the federally mandated free annual reports), they have 45 days. The FTC web pages refers to the 30 days allowed: http://www.ftc.gov/bcp/conline/pubs/credit/crdtdis.htm See this section of FCRA for required investigation times: http://www.ftc.gov/os/statutes/fcra.htm#611 �§ 611. Procedure in case of disputed accuracy [15 U.S.C. �§ 1681i] I thought I had seen something about 45 days allowed for dispute investigation if based on a free annual report, but I haven't been able to find where.
I think the CRAs expected to get a flood of disputes from the free annual reports, so they negotiated a longer time to respond as part of FACTA.
heres the deal from the mastermind if you got the here due to facta then they have 45 days if not still the good old thirty So here the trick just get a free report and tell them denied credit or possible fraud then dispute away ull still get the 30 day time frame!
