What happens if I dispute a debt with the credit bureau?

If you dispute a debt with the credit bureau in Oregon, the credit bureau has thirty days to investigate your dispute and provide you with the results. During the investigation, the creditor must prove that the debt is accurate and that you owe the amount they are claiming. If the creditor cannot prove that the debt is valid, the credit bureau must delete it from your credit report. The creditor is also obligated to send a written notice to you within five days of the dispute being filed. This notice will tell you what your rights are and what you need to do to ensure that your dispute is properly investigated. If the credit bureau finds evidence that supports your dispute, they will delete the disputed item from your credit report. However, if the credit bureau cannot verify the accuracy of the debt, they may still keep it on your credit report. If that is the case, the creditor is required to indicate on your credit report that you have disputed the debt. If the credit bureau is unable to resolve your dispute, you may wish to consult with a consumer attorney. An experienced consumer attorney can advise you on the best way to challenge a debt and protect your rights.

Related FAQs

What rights do I have when dealing with debt collectors?
Can a debt collector obtain information about my employment?
What information can a debt collector give to credit bureaus?
Can a debt collector ever take money out of my bank account without my permission?
Can a debt collector turn a debt over to an attorney for collection?
Can a debt collector contact me if I have a court order protecting me?
Is it illegal for a debt collector to harass me?
What methods can a debt collector use to collect a debt?
Can a debt collector ever contact my friends, family, or employer?
Can a debt collector contact me if I’ve filed for bankruptcy?

What happens if I dispute a debt with the credit bureau?

Related FAQs

Related Blog Posts