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There are three standards that every item on a credit report must meet

Standard One:  Item must be reported within the allowable time periods.  It must be reporting timely information. Standard Two:  Item must be one hundred percent accurately reporting all of the information on the account.  So all of the information on the account – name of the creditor, account number, status, date of last activity, date […]

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The Use of Automated Systems in Credit Disputing

Credit dispute investigations usually involve the furnisher (or creditor) comparing the information in their computers to what is reported in a consumer’s credit file. Typically the bureau accepts what the furnishing company tells them. This is referred to as “parroting,” as the reporting agency is simply repeating what the furnisher has said. There is no

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The Real Deal on Paying off Collections

Collection companies have done a great job over the years of convincing consumers that paying off collections will raise their credit scores.  Many are actually surprised to learn that paying off collections will actually lower their credit scores. Collections are usually reported on the credit as a “9” status or collection account. This means the

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The Credit Bureaus Love Bad Credit – And Here’s Why

Not only are the Big Three credit reporting agencies making a killing selling personal information, what most don’t realize is that they’ve also got an actual financial stake in gathering as many poor credit scores as possible. Some data is more valuable than other data, which allows the credit bureaus to charge more for it.

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