Dispute

General term meaning a disagreement about something important. In financial terms, dispute typically refers to a dispute about the validity of a debt.

It is also commonly used to describe the process of questioning the accuracy of information in a consumer's credit report. If a consumer questions the information on his or her file, then the credit bureaus are obligated to recheck the disputed information with the creditor or organization that reported it, record the current status, and correct any error.
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