Repair Credit Report Help

Is it fraud to dispute accurate information on credit report?

I have been doing alot of reading on how to fix my credit reports and one of the methods i've seen says to dispute any and all bad marks on your credit even if you know it's correct. is this true? will i get in trouble if i do this?

Public Comments

1. Yes, it's fraud. If you know the bad mark is accurate, and you send a letter in stating that's it's inaccurate, then you're lying to the credit agency. You're also wasting their time since they have to verify the information again. Don't do it - it's not worth it. The only way to fix bad credit is to start paying on time, get your debt level down, and wait. Unfortunately, you can ruin your credit very quickly, while it takes time to fix it. Good Luck!
2. Disputing all of the negative information in your credit file is not illegal. However, advice to dispute all information in your credit report or take any action that seems illegal, like creating a new credit identity, is not ethical. If you follow illegal advice and commit fraud, you may be subject to prosecution. Besides, it will not remove much if anything because it can probably be verified by the reporter by using your social security number. When negative information in your report is accurate, only the passage of time can assure its removal. A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. There is no time limit on reporting: information about criminal convictions; information reported in response to your application for a job that pays more than $75,000 a year; and information reported because you’ve applied for more than $150,000 worth of credit or life insurance. There is a standard method for calculating the seven-year reporting period. Generally, the period runs from the date that the event took place.
3. Credit reporting agencies don't care if the information is inaccurate and they won't change it.
4. No, it's absolutely NOT fraud. The Fair Credit Reporting Act CLEARLY gives consumers the right to dispute ANY tradeline listed. When you file a dispute with the credit bureaus, you are merely asking them to contact the original creditor and verify the information is correct. Besides, how would they PROVE you knew the tradeline was correct?
5. You can use credit repair agency to fix your credit - for example this one - http://freecreditreport.sinfree.net - They can dispute and clean lots of such bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.