- Buy OEM Zend Studio Pro 8 MAC
- Buy Cheap Microsoft Windows Server 2012 R2 Standard
- Buy OEM Autodesk AutoCAD Inventor LT 2010
- Buy OEM Infinite Skills - Learning 3DS Max 2012 MAC
- Discount - GraphiSoft ArchiCAD 14 (32-bit)
- Download Cakewalk Sonar 8 Producer Edition
- Buy OEM Corel Designer Technical Suite X4
- Buy Cheap Lynda.com - Photoshop CS4 Essential Training
- 89.95$ Rosetta Stone - Learn Italian (Level 1, 2, 3, 4, & 5 Set) cheap oem
- Buy OEM Lynda.com - Creating Dynamic Menus
- Download The Hidden Power of Blend Modes in Adobe Photoshop
- Discount - Microsoft Visual Studio Test Professional 2010 (32-bit)
- Buy OEM Adobe Dreamweaver CS4
- Buy Microsoft Windows 7 Home Premium with SP1 (32 bit & 64 bit) (en,ar,bg,cs,da,de,el,es,et,fi,fr,he,hr,hu,it,ja,ko,lt,lv,nb,nl,pl,pt,ro,ru,sk,sl,sr,sv,th,tr,uk)
|Error on Your Credit Report? Here’s Help|
|News Releases - General Info|
|Written by Steve Burke|
|Monday, 10 December 2012 09:33|
By Jason Alderman
If you've ever tried to remove inaccurate of fraudulent information from your credit report and gotten the runaround, take heart: The Consumer Financial Protection Bureau is now on the case.
In July 2012, the watchdog agency, formed as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, gained authority to supervise all of the major consumer reporting agencies.
The CFPB now advocates for consumers who have complaints regarding interactions with credit bureaus and identity theft protection services. This adds to the agency's consumer grievance oversight which already included mortgages, bank accounts, consumer loans and private student loans.
"Credit reporting companies exert great influence over the lives of consumers," said CFPB Director Richard Cordray in announcing his agency's new responsibility. "They help determine eligibility for loans, housing, and sometimes jobs. Consumers need an avenue of recourse when they feel they have been wronged."
You can seek assistance from the CFPB if you have issues with:
Here's how the new system works:
If you believe your credit report contains incorrect or fraudulent information, you should first file a dispute with and get a response directly from that credit reporting company before contacting the CFPB. The same goes if you have an issue with how the company is handling its investigation of your grievance – for example, if they don't respond in writing within 30 days.
If, after filing your grievance, you are dissatisfied with the resolution, you may file a complaint with the CFPB using any of the following methods:
Once your complaint has been logged, you'll be given a tracking number to check its status. Each complaint will be processed individually and sent to the credit bureau in question for response. The CFPB expects companies to respond within 15 days with information about the steps they have taken or plan to take. You'll have the option to dispute the company's response to your complaint.
Credit reporting companies issue more than 3 billion consumer credit reports a year and maintain files on more than 200 million Americans. Among other things, they track the number and types of credit accounts you use, how long they've been open and whether you've paid your bills on time.
"The consequences of errors in a consumer report can be catastrophic for a consumer, shutting him or her out of credit markets, jeopardizing employment prospects, or significantly increasing the cost of housing," noted the CFPB's announcement.
You can order one free credit report per year from the three major credit bureaus – Equifax, Experian and TransUnion. (Order through www.annualcreditreport.com; otherwise you'll pay a small fee.) Proactively ordering your reports on a regular basis can help identify bad credit behavior and spot fraudulent activity or errors before they can damage your credit.
Tags See All Tags