A dispute requires that the CRA conduct a reasonable reinvestigation, which includes forwarding of a copy of the dispute to the furnisher for their investigation and response back to the CRA.
If information is found to be inaccurate or incomplete, the furnisher and CRA always have the option of correcting the inaccuracy or incompleteness without any requirement to delete.
Deletion of the disputed item of information is only required if the accuracy or completeness cannot be verified or corrected.
The CRA will either verify the accuracy as reported or correct in a manner so as to overcome any found inaccuracy.
The FCRA is not intended to impose a penalty on furnishers for having initially reported inaccurate information by mandating deletion of the information. The goal is to correct accuracy, not mandate removal of accurate information.
No, a dispute will not result in CRA removal.
In the specific case of inaccurate or incomplete payment history profile, a common outcome is that the creditor will then update their reporting to show each and every monthly derog with each CRA, thus adding derogs.
That outcome may not be what is sought, and consumers are often wary of disputing incomplete payment history profile reporting.
Your call.....
