Duh! It finally clicked!!! I was reading some information provided by Innovis and realized that the law does NOT require information to be reported for 7 years...it just allows it to be...therefore...the people telling you federal law requires it stay for 7 years are definately false! Here's what Innovis says (and they are next on my list...requesting a report from them tonight). Question 1 The FCRA proscribes the maximum reporting time of derogatory items. There is no minimum reporting time. Is there any action being taken to standardize minimum reporting time of derogatory items? Answer Because the reporting of accounts receivable information to the consumer reporting agencies is a voluntary activity, there is no minimum reporting time required for derogatory items. There is no action being taken to create legislation that would mandate such a reporting period. Very interesting...don'tcha think? L
I do think that is interesting. I think I will order my report from them as well. However, I thought I had read on another thread that they don't allow you to see your report? I know sounds crazy but you never know with these cra's what they'll come up with next.
Innovis Data Solutions Post Office Box 219297 Houston, TX 77218-9297 800.540.2505 I'm calling too, they show up on one of my reports as an inquiry under CBR/CBC Companies, purpose = credit transaction.
