Disp Invg Comp-Rpt By Grntr Tradeline
There is a statement in Transunion credit reports that shows the following tradeline: DISP INVG COMP-RPT BY GRNTR which causes some concern in consumers.
It means “Dispute Investigation Complete – Report by Grantor”.
This statement has not appeared in Experian and Equifax reports, only in Transunion, as far as we understand.
There was a dispute in regards to a tradeline item and an investigation was initiated and concluded.
If you have actually started a dispute and you have disagreed with the conclusions, the line item should be ending with “-CONSUM DISAGRS” and that is a different tradeline.
The problem is that when you call a representative, they answer you that there is no remark on your credit file. Instead, when you fill out the online dispute form, it fails stating that “Our records show that the information you disputed does not currently appear on your TransUnion credit report.“
It is important to dispute this tradeline when you notice that it has no reason to be there. Consumers have the right to have a clean sheet if there are no outstanding remarks.
In some cases, a prospective lender or business partner might pay attention to this statement DISP INVG COMP-RPT BY GRNTR appearing on the credit report. Your credit score is an estimate of the probability you will default on a new credit obligation. If the report is being used for another purpose, such as a background check by an employer, someone will need to look at the report, not just the score. Lenders who do not have their own models may also need to look at the report in more detail; a landlord cares more about unpaid rent than about unpaid credit cards in collections. And for a large loan such as a mortgage, it is more likely that the lender will actually look at the report in more detail.
However, if you have not initiated any dispute, then it is worth the time to correct.
I would speculate that perhaps the credit card company did some type of regular internal account review, and their data clerk mistakenly reported that as a conclusion of a direct dispute investigation. Clearly wrong if no direct dispute was filed, and in my opinion worth the time to correct as mentioned in the paragraph above, as it states to others reviewing your credit report that you dispute the accuracy of some of the information reported by the creditor.
Thus, the person reviewing your credit report to analyze if the consumer has creditworthiness would have no idea what information was disputed as inaccurate, and thus might question the accuracy of your FICO score.
If the data is inaccurate it would be a violation of 15 USC §1681 et sequens, Fair Credit Reporting Act in regards to the accuracy and fairness of credit reporting, making the consumer (plaintiff) to suffer a low credit rating and credit score.
Following Barrow vs TransUnion LLC 1 the plaintiff, a consumer from Pennsylvania Ms. Lalisha Barrow alleges that her obligations with the American Education Services (student loans) were fully satisfied despite the tradeline. She alleged that the credit report is misleading because it makes it look like the plaintiff (Ms. Barrow) is still late in the account but instead, it was satisfied.
The path here was, after phone calls, to mail a detailed and thorough dispute letter to the bureau (here Transunion). Nevertheless, in the case, the lender (AES for the student loans) still stated that their remark in the credit report was accurate and instructed TransUnion to continue to report this information in Ms. Barrow’s credit information.
Of course, before taking any legal action, you would require to initiate a dispute against the original creditor and wait until the research is completed. This is just as we have explained for those issues with the CITI in the IBS CDV disputes.
Consumers who received this charge as a line item in their statement, usually also received the following ones, which might be related:
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