Waiting for Response Letters from the Credit Reporting Agencies and Seeing the Results

After you’ve sent out your disputes, you simply wait for responses

You’ve sent your dispute letters to the credit reporting agencies and informed your creditors. What’s the next step?

At this point, you simply need to wait for the responses to come from the credit bureaus in question. According to the Fair Credit Reporting Act, the agencies are obligated to investigate your disputes, unless they are deemed to be frivolous. The credit agencies have 30 days to validate your request.

Once the investigation is conducted, you will receive the results in writing. If the negative items in question are proved to be accurate, the credit bureaus will inform you, along with supporting evidence. If the negative items have been removed, you will receive updated copies of your credit reports, along with written responses from your creditors.

Credit Bureaus have 30 days to respond and creditors have 45 days to respond

All investigations must take no more than 30 days. If you don’t receive any response from your credit reporting agencies in 55 days, or for creditors in 45 days, you should file a complaint with the Federal Trade Commission (FTC). The FTC cannot resolve your disputes, but the commission is responsible for investigating unethical business practices.

If the credit agencies do not validate your disputes within 30 days, by law they need to remove the item from your reports.

The process of writing credit repair letters can be time-consuming, especially if you don’t possess the expertise in dealing with the creditors and credit bureaus. By choosing a quality credit repair company, you could reduce the time associated with waiting for responses from credit bureaus.

Go to Part 9 – Repeat the Credit Repair Process

What procedure do you follow if your disputed items do not get removed from your credit reports? The next section will explain the process re-disputing item