Can a creditor place negative report back on credit report?

[crabu2]

Just over 2 weeks ago, I disputed again, the negative reporting from Discover Card, that did not belong to me with the 3 bureaus... I was only an authorized user... Discover had it reporting as a joint account. Thinking they would come back and state it was accurate again, I also filed with the CFPB... I'd never knew they existed until I posted here... Thanks to those folks that responded with CFPB!!

 

Now.... This past Friday, I get an email from TransUnion stating there was an update to my dispute. I checked last night, all 3 credit bureaus, and it seems Discover or the credit bureaus have removed the negative reporting. Felt great, but today, I get an email from CFPB stating they had an update.

 

I check the CFPB site, and there was a comment... The comment was from Discover reporting back to CFPB that they needed more time to research because the issue was complicated, so now I'm worried and have some questions....

 

1. Being that it's been 15 days and the only response back to CFPB was they needed more time, is the removal permanent or are they allowed to keep researching this? Normally I wouldn't care, but I'm in the process or refinancing my mortgage and this is a make or break thing.

 

2. Could the negative report have been removed because of the dispute I placed with the credit bureaus, and not CFPB, or was it because of CFPB since it was removed in less then 30 days?

 

3. For whatever possible reason, will the credit bureaus allow Discover to put the negative back on the report, or is it now permanently gone .... as in even if Discover wanted, they can't put it back on because it was disputed and they allowed it to be deleted?

 

 

Thanks!!

[DiamondDan73]

I believe they have to notify you within 5 days if they are putting information back on. It's in the FCRA. Just do a little reading about re-insertion.