How does information remain on my fair credit reporting agency report?
Positive information may remain on your credit report indefinitely. Negative information, such as a late payment or account turned over to the collection agency, may remain on your credit report for seven years. Bankruptcies remain for up to 10 years and unpaid tax liens may remain for 15 years. What if the information is incorrect? You may visit the Web site of the consumer reporting agency to initiate your own investigation or obtain a telephone number to contact the agency and inquire as to their procedure. You will have to write to the fair credit reporting agency or agencies and provide some proof as to the incorrectness of the information. How does the investigation work? The CRA should contact the source of the information and request that records are checked. Incorrect information shall be corrected; information that cannot be verified will be deleted or modified. This process generally takes about 30 days. Call American Debt Negotiators at 1-866-WOW-4ADN (1-866-969-4236) to le
