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Credit Repair Drill

Credit Repair Drill

Putting your credit pieces back together

Credit bureau waiting period

What happens after you dispute information on your credit report?

After you dispute information on your credit report, the Credit reporting agencies must investigate the items in question and generally get back to you with the results of your dispute within 30 to 45 days. As part of its investigation, the credit bureau will check with the creditor (the furnisher) whose information you are disputing. They also must forward to the creditor all the relevant data you provide about the inaccuracy.

After the creditor (the furnisher) receives notice of a dispute from the credit reporting agency, it must investigate, review the relevant information, and report the results back to the credit reporting agency.

Outcome of Credit Investigation

1. If the creditor (the furnisher) finds the disputed information is inaccurate and corrects your information after your dispute, it must notify all three major credit reporting agencies it sent the inaccurate information to, so they can update their reports with the correct information.

2. If the creditor (the furnisher) finds that the information is accurate and does not update or remove the information, you can then ask that a statement of the dispute be included in your file explaining the dispute in your credit file. This statement will be included in future reports and provided to whoever requests your credit report.

3. If the result of the investigation with the credit bureau finds that the information is accurate, it can't be removed from your credit reports. If you still believe the information is inaccurate or incomplete, you can resubmit your dispute if you find additional documentation to back up your claim. You also have the option to provide a brief statement on your credit report summarizing your dispute, which can help explain your situation.

4. If the Credit bureau or the creditor (the furnisher) determine your claim is frivolous, it can choose not to investigate the dispute as long as it sends you a notice within five days saying that it has made such a determination.

It takes between 2-4 weeks to receive a reply from the credit reporting agency letting you know that your letter has been received and your dispute is being investigated. When the investigation is complete, the credit reporting agency must give you the results in writing and a free copy of your report (does not count as your annual free report) if the dispute results in a change. If an item is changed or deleted, the credit reporting agency cannot put the disputed information back in your file unless the information furnisher verifies that it is accurate and complete. In addition, the credit reporting agency also must send you written notice that includes the name, address, and phone number of the information furnisher.

If you request, the credit reporting agency must send notices of any correction to anyone who received your report in the past six months. You can have a corrected copy of your report sent to anyone who received a copy during the past two years for employment purposes.

What happens when your disputed inaccurate information is not deleted

Believe it or not, sometimes your dispute of inaccurate information will not result in the correction of an error. Dispite the frustration that follows, do not get discouraged!. Patience and persistence are important keys to incredible success in repairing a damaged credit report

After you have received your response and the disputed errors stays on your credit report, repeat the process all over again by following up with more disputes. Consumers who have successfully cleaned their credit report say that they have denied a bankruptcy or judgment on their credit report and have received verification from the credit bureau that it was in public record. They denied a second time and some even a third time, and finally the credit bureau deleted the bankruptcy from the report.

Remember, the creditors who reported the items to the bureaus must be the ones to provide information to verify the dispute. If the furnisher does not respond, the credit reporting agency is legally required to delete the disputed information from your credit report. In a lot of cases, creditors do not always have the staff and proper records to verify all disputes within 30 days to keep the item from being removed. So you can see how possible it is to remove negative information from your credit file. How well is this going to work for you? The only way is to try.

Next Steps

After the investigation if the Credit Reorting Agency refuses to delete the inaccurate information on your Credit Report, you have a number of options:

1. Ask that a statement of the dispute be included in your credit file and your statement provided to anyone who received a copy of your report in the recent past and in future reports.

2. Under the Fair Credit Reporting Act (FCRA) you may be able to file a lawsuit against the credit reporting agency and / or the information furnisher.

3. File a complaint with the Consumer Financial Protection Bureau and also your state Attorney General

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How long negative information stays on your Credit Report


Charged off accounts: 7 years

Late payments: 7 years

Collection accounts: 7 years

Civil judgments: 7 years

Chapter 13 bankruptcy: 7 years

Chapter 7 bankruptcy: 10 years

Inquires: 2 years
Tip of the day!