Annual Credit Report- Takes 15 days longer?

[ezeddie32]

I have read in various posts that the CRA's have 15 more days in responding to disputes. I looked through the fine print in the web site and on the disclosures in reports issued through annual and cannot find anything to that effect.

Can someone please clarify if this is truth or myth? If true, a link or something that says so much. Reason being, I just started working in a company that does credit repair. As a rule of thumb they pull annuals on everyone and are fairly successful obtaining results. I can only imagine those numbers to climb if switching to CRA direct reports as opposed to the annuals.


Thanks in advance!

[chane]

I can't find it in the FCRA, but here's what Experian says:

"What should I do if I find an error in my credit report?"

First, get a copy of your report and review it carefully. If you find an error, you may dispute it online. You also can call the telephone number on your credit report for assistance if you feel any information is inaccurate or incomplete. Please be specific by including the account number of an item you feel is in error and explain exactly why you feel it is inaccurate. Simply saying an item is wrong does not give enough detail to help resolve the issue. Investigations of disputed items can take up to 30 days or up to 45 days for items disputed on an annual free credit report.

Equifax says:

After I've Filed a Dispute, What's Next?

Once you have officially set the dispute process in motion, Equifax will investigate the disputed items. We will contact the credit grantors for verification of the items in question. The results of the investigation will be mailed to you, or emailed if you set up an online dispute. This process can take up to 30 days to complete (45 days if the dispute is initiated through annualcreditreport.com.)

[ezeddie32]

Awesome! Thanks for the reply. They are so slick that it's not in the dispute FAQ's . Rather What happens if I find an error.