Credit Report Act
2010
What does this statement mean when it appears under YOUR STATEMENT: on your credit report?
I currently disputed some information on my credit accout. Under the Your Statement section of my report – Account information disputed by consumer (Meets requirement of the Fair Credit Reporting Act).
What does this exactly mean?
Actually it has two meanings:
1) if you disputed it within the past 30 days, it means the dispute is still pending. If you win the dispute, they will send you a new credit report showing the disputed item being removed.
2) if you disputed it a while back (more then 30+ days) then it means that it was validated as a legitimate debt (under the FDCPA) and that you disputed it.
Hope this answers your question.
Understanding the Fair Credit Reporting Act
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