Written Dispute-Corrections Made-Joint Borrower

Posted By: Likes to Comply

Written Dispute-Corrections Made-Joint Borrower - 05/03/22 03:35 PM

When we receive a dispute, written or through eOSCAR, and it is on a loan that has more than one borrower, if we find that there is an error that must be corrected, do we automatically have to update the information on the joint borrower(s) also? I would think so, but I can't actually find that requirement anywhere.

Thanks in advance for the help.
Posted By: rlcarey

Re: Written Dispute-Corrections Made-Joint Borrower - 05/03/22 03:40 PM

So, what you are saying, is that if you know there is an error in your credit reporting, it is OK to continue to report that error for one of the borrowers?
Posted By: MainStreeter

Re: Written Dispute-Corrections Made-Joint Borrower - 05/03/22 04:09 PM

Part of your duties as a data furnisher include reporting accurate data on consumers, and to correct any inaccurate data for consumers. All of them.