If there is incorrect information in your credit file,
A)you should sue the credit bureau.
B)you must sue the merchant who denied the credit.
C)the credit bureau must reinvestigate and modify or remove inaccurate data.
D)pray that the credit bureau goes bankrupt.
E)you cannot dispute the derogatory information.

Question

Quizplus · Accepted Answer

The Fair Credit Reporting Act (FCRA) requires credit reporting agencies to investigate disputes and correct inaccurate information. Therefore, the best choice is to initiate a dispute with the credit bureau and request that they investigate and modify or remove any incorrect data in your credit file. Suing the credit bureau or the merchant is not necessary unless they are in violation of the FCRA, and option D is not a viable solution. Option E is also incorrect – consumers have a right to dispute inaccurate information on their credit report.

If There Is Incorrect Information in Your Credit File