Filing a dispute has no impact on your score, however, if information on your credit report changes after your dispute is processed, your credit scores could change. Some information on your credit report has no impact on credit scores, such as identification and address information.
Submitting an online dispute with a credit reporting agency may seem like a fast, easy way to get the results you want, but it may not work out in your favor. It’s better to take longer to get the information removed permanently than to try to take a shortcut that won’t work overtime.
If you believe any account information is incorrect, you should dispute the information to have it either removed or corrected. If, for example, you have a collection or multiple collections appearing on your credit reports and those debts do not belong to you, you can dispute them and have them removed.
If your dispute is denied, then the charge will go back on your credit card. You’re legally entitled to an explanation about why your dispute was denied and how you can appeal the decision. Your credit card company will likely send you both the explanation and instructions on how to appeal in writing.
HOW TO DISPUTE AN ERROR ON YOUR CREDIT REPORT?
- Send a letter to the credit bureau
- Determine if you should contact the data furnisher as well
- Wait up to 45 days for the credit bureau or data furnisher to investigate and respond
- Review the results of the investigation
- Check for updates to your credit report
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