Is it illegal to dispute accurate information on your credit report?

There’s nothing in that law that prohibits consumers from disputing information on their credit reports for any reason. Further, “accurate or inaccurate” is not the only variable that can cause the credit reporting agencies to remove something from a credit report.

Can you sue a company for putting false information on your credit report?

Yes, you might be able to sue a company for false credit reporting. However, before you seek a civil remedy through the courts, you should properly exercise your rights under the law. Begin by challenging the information with the credit bureau.

What happens when a debt is disputed on your credit report?

This dispute then requires the debt collector to list the account as disputed on the credit report. This notation reduces the harmful effect of the trade-line on your credit score. If the debt collector fails to mark the account as disputed, you have a cause of action under the Fair Debt Collection Practices Act.

How to dispute credit report items with the creditor or collector?

If you find an error on your credit report, you can dispute the accuracy of the item with the credit reporting agency. Or, you can go directly to the source and dispute the item with the creditor or collector that reported the information to the credit reporting agency.

Why does a debt buyer appear on my credit report?

If you discover that an old debt has reappeared on your credit report as a new account or contains inaccurate information about its age or status, it might be because a debt buyer “parked” the debt on your credit report, or re-aged the status of your debt. These debt collection practices might be illegal.

What are my rights under the Consumer Credit Act?

If your debt is regulated by the Consumer Credit Act you have a right to be supplied with a full statement of the account showing all the charges and interest added. This might explain why the balance is different.