I was under the impression that when dispute letters went out, the origional creditor had 30 days to prove it, or it gets deleted. Am I wrong? I know I have read here somewhere that some people reply 60 or more days late, and it gets put BACK on the credit report. WHats up with that? I am a client of Lexington Law Firm, and they recently sent out the first group of disputes. I am just waiting to see what happens, but what if people respond like 2 or 3 months later? Will it stay on my report? And what is this soft delete I have heard about? If the law says they have 30 days, then shouldn't it be ONLY 30 DAYS ? Just curious. Deputy
I know that there is a 30 day time limit in the FCRA but that looks like it applies to the CRA/CA dispute. http://www.ftc.gov/os/statutes/fcrajump.htm
NOTE: A consent decree is for settlement purposes only and does not constitute an admission by the defendant of a law violation. ...this means they DIDN'T plead GUILTY for ANY or ALL violations of the law...
