What if a borrower disputes the same information several times?
As a lender it is your responsibility to respond to credit bureau requests to reverify consumer disputes within 30 days every time they receive a consumer dispute inquiry – even if you just reverified the information the prior month. It appears that one strategy of less-reputable credit repair companies to help consumers clean up their files is to file disputes on every negative tradeline every month with the hope that creditors will not respond in a timely fashion and the bad tradelines will be dropped from the consumer file. Of course, CBA also encourages you to talk with your borrowers about not pursuing such credit building strategies – but to build their credit the old fashioned way and paying their debts on-time.
