New Jersey Result of Investigation of Disputed Credit Information and Disclosure of Consumer Rights in Event of Continued Dispute

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Under the Fair Credit Reporting Act, if a consumer disputes the completeness or accuracy of any item of information in the consumer's file, and the dispute is directly conveyed to the consumer reporting agency by the consumer, the reporting agency must, free of charge, conduct a reasonable reinvestigation to determine whether the disputed information is inaccurate, unless it has reasonable grounds to believe that the dispute is frivolous or irrelevant. If the information is erroneous, inaccurate, or can no longer be verified, the credit reporting agency must promptly correct or delete it and refrain from reporting the information in subsequent consumer reports.


Following any deletion of information or notation as to disputed information, the agency, on request of the consumer, must furnish to certain persons either: (1) notification of the deletion; or (2) the consumer's statement of the dispute or the agency's summary of the statement. The consumer reporting agency must clearly and conspicuously disclose the consumer's rights to make such a request, such disclosure to be made at or prior to the time the information is deleted or the consumer's statement regarding the disputed information is received.

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FAQ

The notice required under subparagraph (A) shall be provided to the customer prior to, or no later than 30 days after, furnishing the negative information to a consumer reporting agency described in section 1681a(p) of this title.

The Consumer Service Center is the central clearinghouse for complaints and referrals. Consumers who call 973-504-6200 or 1-800-242-5846 will be connected to a representative trained to assist them with their complaint.

Upon making a determination that a dispute is frivolous or irrelevant, the furnisher must notify the consumer of the determination not later than five business days after making the determination, by mail or, if authorized by the consumer for that purpose, by any other means available to the furnisher.

Upon receiving a consumer's proper notice of dispute, the furnisher must conduct a reasonable investigation of the dispute. The furnisher also must review all relevant information provided by the consumer with the dispute notice.

CONSUMER DISPUTES ? REINVESTIGATION IN PROGRESS ? This is a consumer initiated dispute and is actively being investigated by Equifax. A rescore request to remove the dispute verbiage cannot be processed.

The dispute notice must contain sufficient information to identify the account in dispute, the specific information being disputed, an explanation of the basis for the dispute, and all supporting documentation reasonably required by the furnisher to substantiate the basis of the dispute.

If a dispute is found to be frivolous or irrelevant, you must notify the consumer within five business days after making the determination. This notice can be a form letter.

After completing this reasonable investigation, the furnisher is required to ?report the results of the investigation to the consumer? generally within 30 days.

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New Jersey Result of Investigation of Disputed Credit Information and Disclosure of Consumer Rights in Event of Continued Dispute