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Answers
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A consumer credit report is a
factual record of an individual’s credit payment history. It is rather like a
snapshot, because it reflects information that is current as of that date but
is subject to change. Credit reports
are provided to credit lenders for a purpose permitted by law. The most common purpose is to help a
lender make a decision quickly and objectively about extending credit to an
individual. Most information in
a consumer credit report comes from the companies an individual does business
with, but some information is from public records. |
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A consumer may request his or her own credit report at any
time. Access to a consumer's
credit information is regulated by the Fair Credit Reporting Act
("FCRA"), and administered by the Federal Trade Commission. Companies may request a consumer
credit report from a credit-reporting agency when they have a
"permissible purpose" that qualifies under the FCRA. Permissible Purposes include: ·
The granting of credit ·
The collection of a debt ·
The underwriting of insurance ·
Employment purposes ·
For issuing a license as required by
some government agencies ·
For a legitimate business transaction between
a business and a consumer that is initiated by the consumer Any person who knowingly and willfully
obtains information on a consumer from a consumer reporting agency under
false pretenses shall be fined (under Title 18, United States Code), imprisoned
for not more than 2 years, or both. |
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Argus Search, Inc. is a
consumer credit reporting agency/reseller of credit information provided by
the repository Equifax. Our contractual relationship with the repository
allows us to provide credit reports to our clients (in connection with
mortgage, automotive, and other consumer loans; and/or employment and tenant
screening). Argus Search, Inc.
does not maintain permanent files from which new credit reports are
produced. Rather, each time we
prepare a new credit report, we order the information from Equifax. |
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Mixed credit does
exist in credit bureau data. A
parent and adult child who share the same or similar names may develop mixed credit. This is compounded by sharing the
same residence address or by having shared a prior residence address. |
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A divorce decree does not take
the place of the original contract with the creditor. It does not release your legal
responsibility on the account.
If an account was awarded to your ex-spouse in the divorce decree, you
must contact each creditor directly to release your obligation. |
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If you are a
co-signer on a loan, you are responsible for the debt. If the primary account holder does not
pay on the account as agreed or defaults on the loan, the delinquencies will
appear on your credit report and you will be responsible for the repayment of
the debt. |
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Credit grantors may shorten,
lengthen, or truncate account numbers when reporting to the credit
bureaus. These deviations may be
the result of software incompatibility between the credit grantor and the
credit bureaus. For security
reasons, creditors may also scramble account numbers. |
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Most credit grantors
report to the credit bureaus on a monthly basis. Time requirements of creditors to prepare and transmit
data to the credit bureaus vary.
Time requirements of credit bureaus to load the data into their computer
systems vary. The combined time
requirements for creditors and credit bureaus may extend to several days,
weeks, or months. |
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You can
contact Argus Search directly at 702-613-4931 to speak with a customer service
agent who will be able to assist you.
Our business hours are Monday – Friday, 8:00 am – 5:00 p.m., Pacific
Time. To place a dispute on the
credit report Argus Search provided, you can also email us at support@argus-search.com; we recommend, however, that you fill out the form provided
on our Feedback page. NOTE:
Should there be a dispute, please submit the following information: ·
First name ·
Last name ·
Complete Address ·
Home Phone ·
Work Phone ·
Email Address ·
Social Security Number ·
Date of Birth ·
The Reference Number of the Credit Report Our dispute procedure is as follows: ·
We will reinvestigate the disputed information
free of charge. ·
Within 5 working days, we will contact Equifax or
other person that provided the disputed information and notify them of your
dispute. ·
In accordance with the Fair Credit Reporting Act,
the information provider is required to investigate and report the results to
us by the end of the 30-day period beginning on the date that we received
notice of your dispute. ·
If the reinvestigation finds that the disputed
information is inaccurate or incomplete, the information provider must also
report the results to all of the consumer reporting agencies to which it
reported the information and that maintain files on consumers on a nationwide
basis. ·
We will notify you of the results of our
reinvestigation, by letter, within 5 business days of the completion of our
investigation. ·
If you have additional information that you
believe is relevant to our reinvestigation, please provide it to us any time
during the reinvestigation process.
We will provide all such relevant information to the information
provider. If you provide us with
such additional information prior to the time we have completed our reinvestigation,
we may extend the period of reinvestigation for up to 15 business days. ·
If we cannot verify the disputed information
within that time frame, the disputed information will be deleted from your
credit report or updated as requested. ·
A revised credit report, reflecting the results of
the investigation, will be sent to you at the conclusion of the
investigation. Please note
that Argus Search, Inc. is a Reseller of credit information provided by
Equifax (a Repository). Argus
does not maintain a database from which new credit reports are produced. Rather, each time we prepare a new
credit report, we order the information from Equifax. Although Equifax is notified of
modifications or deletions we make based on our reinvestigations either
directly from the creditor or through us, you may wish to contact them
directly yourself to confirm that the modifications and deletions are
reflected in their files. If
not, subsequent credit reports they prepare on you may continue to contain
the disputed information.
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Yes, if Argus Search
has resolved all attempts in answering your questions. The repositories can correct any
inaccurate information that they may have in their permanent files. To dispute
any inaccurate information with the repositories, you will need to contact
them, as follows: Attn: Disputes Equifax P.O. Box 740256 Atlanta GA 30374 800-378-2732 |
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