Chris PrefontaineSerious about making money in the real estate investment business? Free Webinar - REGISTER BELOW!, Smart Real Estate Coach · Chairman, Founder, 4x Best-Selling Author of "Real Estate On Your Terms," Forbes Business Council Member, 3x Inc 5000 Honoree, Global Rank TOP 0.5% Podcast Host

How Have Credit Bureaus Changed Since 2019? #shorts

18 Feb 2025 · 1 min

Watch on YouTube

0:45

In this brief interview segment, the speaker explains that since 2019, credit bureaus have significantly slowed their dispute‑resolution process. Previously, they were required to respond to credit‑repair disputes within roughly 45 days, but new legislation has extended the response window to about 90 days. This lengthier timeline means consumers and credit‑repair professionals, like Chris and Nick, are not seeing the quick results they expect, leading to frustration and mismatched expectations about how fast credit can be repaired.

Chapters

What's changed since 2019? 2019, the year of COVID Much changed in the world as we know it. But in this industry, there's many things. And probably the most prominent out of them is how the credit bureaus handle disputes in terms of credit repair, how they handle disputes. They are slow, slow, slow. So they used to be like, had to respond within 45 days. Now there's a lot of legislation that basically They can respond 90 days. So, Chris, you're not seeing those first results, Nick, until 90 days in. They're not seeing those results. So people have this expectation that things are going to happen quickly and they don't.