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  1. Quantrax
  2. CREDIT REPORTING TOPICS
  3. Managing The Accounts

Credit Reporting Dispute Notes and Codes

 

If the note on the account is "credit reporting - DISP" it means that only the Metro2 system control option "report as disputed by consumer" description code exists on the account. When credit reporting is ran, the file will contain the Compliance condition code of XB = account information disputed by consumer

If the note on the account is "credit reporting - R/DISP" it means that only the Metro2 system control option "report as dispute resolved" description code exists on the account. When credit reporting is ran, the file will contain the Compliance condition code of XR = debt has been validated - debtor owes money which will remove the most recently reported compliance condition code

If the note on the account is "credit reporting - C/DISP" it means that both the Metro2 system control options "report as disputed by consumer" and the "report as dispute resolved" description codes exists on the account. When credit reporting is ran the file will contain the Compliance condition code of XC = completed investigation of FCRA dispute — consumer disagrees
 
 
Keywords - Article Credit Reporting metro2

 

 

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  1. Kailer@key2recovery.com

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