I have read several places that if no proof of debt exist's then the CRA's have to delete the information from the report. I can't seem to find where it says that in the FCRA. I have read it and maybe it's because of the "legal language" that I can't understand it and find it. Can anyone point me to the right part of the FCRA that addresses this? Also maybe what I have read about this is incorrect, if so could someone please correct me? Thank you.
Hi Ican.. Presumably you're aware that the FCRA mandates that the DF may report ONLY that which is accurate, complete. Initially they can rely on what is reported and assume it's accurate. We have no private right of action if the initial reporting is inaccurate. But if you insist it isn't accurate, they must prove it IS. If they can't it must be deleted. See? .
So the CRA's don't have to delete it if it isn't correct? Only the data furnisher which would be the OC? Please correct me if I'm wrong.
