When reviewing your report, you might come across various remarks on your accounts like, “Dispute resolved by grantor”. This may raise concern for consumers who are unfamiliar with the credit reporting process.
Remarks appear on your credit report to provide additional information about one of your accounts. Remarks can be positive, negative, or neutral, depending on the account and situation.
What Does Dispute Resolved Reported By Grantor Mean?
The grantor is another term used when referring to a creditor. If inaccurate information is identified on your credit report, it may be necessary to dispute that information with the original creditor/grantor.
Once you have disputed the information, the grantor is responsible for investigating the file within 30-45 days as required by federal law. Once the investigation has been completed the results must be communicated to the customer in writing.
“Dispute resolved reported by grantor” indicate either
- If the dispute is found to be accurate it will be marked resolved by your grantor.
- The dispute is found to be incorrect. The grantor employs a corrective approach by correcting the dispute, then marking it as resolved.
Options After A Dispute Resolved Reported By Grantor
The consumer has the option to either agree or disagree with the credit reports from the grantor. The reports can be obtained from the bureau once the grantor has resolved the dispute.
If you agree then no further action is required, however, if you disagree you will have to do so with evidence supporting your dispute. You have multiple options to consider when escalating the dispute, consulting a knowledgeable attorney is strongly advised.
The remark “Dispute resolved reported by grantor” has no negative impact on your credit score and implies one of two possible outcomes as set out above. Always consider your options and consult an attorney for guidance if you disagree with the outcome of your dispute and wish to escalate the matter.