Final answer:
Once a person notifies a credit bureau in writing about a dispute over information accuracy, the bureau has 30 days to investigate. Regular monitoring of one's credit history is vital for detecting potential errors or identity theft. Know your rights for handling personal information to maintain an accurate credit report.
Step-by-step explanation:
When an individual notifies a credit bureau in writing that they believe their information is inaccurate, the bureau has a set time frame to investigate the claim. According to the Fair Credit Reporting Act (FCRA), the bureau must investigate the dispute within 30 days. The investigation may involve contacting the creditor that supplied the information to verify its accuracy.
It's important for individuals to be proactive by regularly monitoring their credit history for any red flags that could indicate identity theft or reporting errors. By understanding your rights regarding how your information is handled, including what to do if you believe there's an error, you can help ensure your credit report remains an accurate reflection of your financial history.