What is a credit report dispute?

A credit report dispute is a dispute concerning the accuracy, completeness, or validity of information on a credit report. This dispute must be made in writing to the credit bureau that issued the credit report in question. The dispute must include the consumer’s name, address, and any other information that could be helpful in verifying the accuracy of the disputed item. The dispute must also include a clear explanation of why the disputed item is inaccurate, incomplete or invalid. Once the dispute is made, the credit bureau must then investigate the dispute with the company that originally provided the information. The credit bureau will then update or remove the disputed items that cannot be verified as accurate. In Washington, the Fair Credit Reporting Act is a law that requires credit bureaus to investigate disputes made by consumers. This law protects consumers by providing them with a way to dispute the accuracy of their credit report in order to ensure that their credit score is accurate and fair. It also serves to protect consumers from identity theft and other forms of fraud. Additionally, it provides consumers with the means to repair their credit in order to increase their chances of being approved for loans and other types of credit.

Related FAQs

How will a credit repair lawyer communicate with the credit bureaus?
What is the difference between a credit counselor and a credit repair lawyer?
Are there any “do-it-yourself” credit repair kits available?
How can I tell if a credit repair service is legitimate?
What is credit monitoring?
What are the credit repair laws in my state?
What alternatives exist to repairing my credit?
How can I improve my credit score?
How do I know if I’m a good candidate for credit repair?
What documents do I need to provide to a credit repair lawyer?

What is a credit report dispute?

Related FAQs

Related Blog Posts