Your credit report rights include the right to dispute erroneous information in your credit reports. Unfortunately, it is not likely that the problem will be corrected in a timely manner and quite often, erroneous information is not corrected at all. This is why so many consumers turn to a credit lawyer for guidance. At a consumer credit law firm near Fairfax, a credit lawyer can explain why the results of the furnisher investigation may not necessarily be accurate.
The furnisher is any entity who supplies information to a credit reporting agency, such as Experian. When a credit reporting agency notifies a furnisher that its information is being disputed, the furnisher is required by law to conduct a reasonable investigation. Unfortunately, furnishers can consider a reasonable investigation to be one that can take as few as 60 seconds. Furnishers then submit electronic responses to the credit reporting agencies. Even when the investigation takes longer than one minute, it is unlikely to result in a favorable outcome for the consumer, since some furnishers do not allocate sufficient resources or training initiatives for the purpose of conducting investigations.