The credit bureaus are required to have a copy of that same verifiable proof. The Credit Bureaus are the agencies reporting your information to underwriters and Loan Officers and banks and so forth. Under the FCRA they need to provide you a copy of verifiable documentation if it is requested by you the consumer.
Here is what we find VERY interesting! We have assisted over 31,000 clients since 1999. Each client had an average of 15 negative accounts listed in the dispute we filed each credit bureau has their own independent investigation of the negative items so that is over 1.3 million accounts that these 31,000+ clients have represented. We have NEVER RECEIVED a single copy of verifiable proof on a single client account NEVER!
They do not have them on file! All credit bureau reporting is done electronically via email or fax. But that is NOT what the law says must be done.
Our statistics say it all! We have the highest deletion and change rate in the entire industry. We successfully delete or change over 87% of everything we dispute. IF our interpretation of this law were wrong,it would not work. They would not delete or change those accounts if verifiable, accurate, up-to-date information were present.
We save every single deletion or change that comes in we currently hold over 1 million deletions or changes on file.
