What is the procedure if an individual disputes negative and inaccurate information on a credit report?

The procedure requires that when an individual disputes negative and inaccurate information on their credit report, the credit bureau must investigate the dispute within 30 days. This regulation is established to protect consumers and ensure that any errors in their credit reports are addressed in a timely manner.

This process involves the credit bureau reaching out to the source of the disputed information to verify its accuracy. If the information cannot be confirmed as accurate within the designated timeframe, it has to be removed from the credit report. This mechanism is crucial for maintaining the integrity of credit reporting and ensuring consumers have a fair opportunity to rectify any inaccuracies that may be impacting their credit scores and financial standing.

In contrast, options suggesting that the bureau ignores the inquiry or resolves it within a longer timeframe do not align with the established legal requirements. Likewise, while notice provisions exist, the critical aspect of timely investigation is paramount in this context.