Top Finance And Taxation Services in Salt Lake City, UT
Recent Reviews View all
GRAYSTONE MORTGAGE
By iambeast February 11, 2015
Karen is the bomb diggity! ...read more
Mortgage Compliance Advisors
By AdinParker December 05, 2014
MCA compliance plans are easy to apply for the services of the company, you just need to fill the client questionnaire and complete a client agreement form online. The professionals at MCA instantly start the audit process. Subscribing to the company webinar and monthly newsletter keeps you up-to-date of latest norms and news related to mortgage compliance. ...read more
Mortgage Compliance Advisors
By Anonymous July 29, 2014
We are grateful to have worked with MCA; their professionals are very welcoming and helpful. Their immense resources and personalized services not only saved us time, but also proved to be highly effective. I look forward to work again with MCA. ...read more
New Photos 28 photos
Blogs View more
Read The Latest Newsletter from Consumer Credit Counseling Service 1-888-551-1270
We've just published a new edition of our newsletter! You can check it out on our website and get the latest information from Consumer Credit Counseling Service 1-888-551-1270. Let us know what you think! Read It Now Here ...read more
By Consumer Credit Counseling Service 1-888-551-1270 May 10, 2011
The Fair Credit Reporting Act (FCRA)
Fair Credit Reporting Act (Summary) Public Law 91-508 The Fair Credit Reporting Act (FCRA) allows a consumer to challenge the information on his credit report on the basis of "completeness and accuracy." If, after a reinvestigation by the credit bureau, the disputed information "is found to be inaccurate or can no longer be verified, the [credit bureau] shall promptly delete such information." The credit bureaus are required to complete the investigation within a "reasonable period of time." This period has been set at thirty days. The credit bureaus can ignore the consumer dispute if they have reason to believe that the dispute is "frivolous or irrelevant." The FTC commentary on the FCRA cites, as an example of a frivolous dispute, a dispute wherein the consumer challenges all negative items on his credit report without providing any allegations regarding specific items in the credit file. However, "A [credit bureau] must assume a consumer's dispute is bona fide, unless there is clear and convincing evidence to the contrary." When a consumer challenges a negative credit listing on the basis of extenuating circumstances, such as health problems, divorce, job loss, etc., the credit bureaus are entitled to ignore that dispute. When a consumer submits a dispute which is neither frivolous nor irrelevant by credit bureau standards, the credit bureau must "at a minimum... check with the original sources or other reliable sources of the disputed information and inform them of the nature of the consumer's dispute." In some cases of consumer dispute, "Reinvestigation and verification may require more than asking the original source of the disputed information the same question and receiving the same answer." In other words, when a consumer files or re-files a valid dispute, the credit bureaus must contact the source of the credit information (the creditor) and confirm that the information is accurate, verifiable, and not obsolete. In some circumstances, the credit bureau is required to go beyond a simple verification of the creditor's own computer record. If, within 30 days, the credit bureau has not received verification from the creditor, then the credit bureau must promptly delete the credit listing. In theory and law, the process is deceptively simple, thus leading many people to think that they can easily handle this themselves "for the price of a few postage stamps." Most quickly discover that the credit bureaus have made it much more difficult than one would imagine. For help in this, we recommend using Lexington Law a professional credit report repair company. ...read more
By Consumer Credit Counseling Service 1-888-551-1270 May 01, 2011
Related Articles View more
