Remarks serve to provide additional information regarding one, or more of your accounts. The impact of the remark could be positive, negative, or simply neutral, depending on the account and situation at hand.
Here we consider the meaning and purpose of a “Account information disputed by consumer” remark on your credit report, and what you can do about it!
What “Account Information Is Disputed By Consumer” Remark Means?
The remark “account information is disputed by the consumer”, simply refers to the consumer disputing information being reported on them to their credit bureau.
This remark serves as an indicator that your dispute is under investigation, however, the information reported is in accordance with the rules outlined by the Fair Credit Reporting Act (FCRA). This means the disputed information will remain on your report pending the investigation results.
The FCRA requires credit bureaus to post the remark “account information is disputed by consumer” within five business days of receiving your dispute.
What Does This Mean For You?
This remark is temporary and should be removed once the necessary updates have taken place. Additionally, It has no negative impact on your credit score. The credit bureaus will have 30 days to investigate and respond to your dispute once they receive your dispute letter.
The remark “account information is disputed by the consumer” is a neutral remark with no adverse effects on your credit report. It is required by the FCRA and serves as an indicator that your report is being investigated. The remark should be removed pending the results of the investigation.