Credit report errors can do a lot more than drag your credit score down. If information on one or more of your credit reports happens to be negative, your credit scores can decrease and you can suffer from the change in numerous ways. Besides the fact that a lower credit score can mean not being approved for credit, it can also mean getting stuck with higher interest rates on credit you are approved for. What’s more, a lower credit score could cause you to have trouble renting a new home, and it could impact how much you pay for insurance. As if all that weren’t bad enough, inaccuracies on your credit report can also impact your employment prospects. Employers are

There are times when an investigation from a credit report dispute concludes that the information in dispute was accurate. In that case, the update or deletion you requested won’t happen. Instead, you might get a response to the dispute saying “verified as accurate,” “verified and updated,” or “remains.” All three mean that the credit reporting agency investigated the information and deemed it to be correct. Another version of this response is that they verify the disputed information as being accurate, but update something else on your credit report. In that case, you might see “verified as accurate and updated” as the result. The update won’t mean the information you disputed was updated, though. It will simply mean that something else

When you file a dispute on one of your credit reports, one of the possible outcomes is that the inaccurate information was updated and is now accurate. If that happens, you might get a result of your report saying “information updated.” Other terms you might see for this outcome could be “updated” or “processed,” if you requested to have the item updated. Learn more about terms you should know when disputing your credit report here.

When you file a dispute on one of your credit reports, one of the possible outcomes is that the credit reporting agency will delete the information. If you receive a response to your dispute with “information deleted” or something similar, then that’s what happened, and that credit report will no longer show the incorrect information. Other terms you might see for this outcome could be “deleted” or “processed,” if you requested to have the item deleted. Learn more about terms you should know when disputing your credit report here.

If you dispute your credit report and aren’t happy with the results, you can file a statement of dispute. This is a note – usually 100 words or less – that describes what you believe is inaccurate on your credit report and why. You can file a statement of dispute through the credit reporting agency showing what you believe is an error on your credit report. Learn more about terms you should know when disputing your credit report here.

Although you have a right to dispute any errors you might find on your credit report, the credit reporting agency receiving the dispute has the right to deem the dispute frivolous if it meets the following criteria: You haven’t included information necessary to enable the credit reporting company to investigate the dispute You’ve filed a duplicate dispute, or the information on your dispute seems the same as a previous dispute If your credit report dispute is deemed frivolous, the agency must tell you within five days of that determination. At that point, no investigation of your dispute will occur. Learn more about how a dispute on a credit report works here, and other terms you should know when disputing your