Many times, we may need to dispute a balance with our credit grantors. The grantor takes up the dispute filed on the credit card balance. The grantor is the creditor, and they resolve the conflicts as per monetary laws and policies. Dispute Resolved Reported by Grantor is the closure of a dispute with any one of the three possible ways.
Dispute Resolved Reported by Grantor Credit Report
A credit report is the fundamental outcome of any financial dispute with your credit issuer. The report resolves the dispute based on credit balance and debt collection statistics. There are three possible outcomes of a complete investigation into the credit balance by the grantor.
The first outcome is that your grantor will mark the dispute resolved when the disagreement is accurate. It favors the person who has filed dispute charges with the creditor. The creditor will accept the legitimacy of the dispute, and hence it will be resolved.
Moving on towards the second type of outcome, it is a corrective approach by the grantor. In this case, the grantor finds your filed dispute incorrect. Therefore, it proceeds with correcting the dispute and then resolves it. In either of the two cases, the credit balance will show the result of the investigation.
The third result of the dispute by the credit grantor is the deletion of the dispute. Deletion is only possible when the disputed credit report has a certain amount of inaccuracy. In this scenario, the grantor will not correct the dispute.
Instead, it will proceed with the deletion process due to a significant amount of inaccuracy in the credit report. As a notice of results, they will send you that dispute resolved reported by grantor credit report.
Meaning of $0 After A Dispute Resolution
$0 in the notice of a dispute resolved reported by the grantor means the termination of credit liability. It showcases that the creditor has no authority remaining to collect the debt. It can be of any two cases regarding liable debt to the creditor.
One case is that the person has paid the debt to the creditor. Therefore, it terminates the creditor of the authority to seek any future debt collection. Moreover, the other case states that they have transferred the debt.
In both cases, the creditor will show a $0 balance. The status has changed after resolving the dispute filed by the borrower.
Options After a Dispute Resolved Reported by Grantor
The customers can either agree or disagree with the credit reports from the grantor. They can further dispute the ruling with the concerned authorities. The customer gets these reports from the bureau once the grantor resolves them.
In most cases, the investigations and reports are accurate. However, customers may disagree with the findings and credit score when they believe that the reports are inaccurate.
You will see a heading of “Closed by Grantor” on your report when the creditor issuer has closed your credit card due to any specific reason. It may be possible that you were not meeting with the credit payment as per the stipulated time frame.
Therefore, credit card closure can seriously damage your credit score. As a countermeasure, you can put off maximum damage by paying off any remaining credit dues as soon as possible.
Dispute Resolved Reported by Grantor Credit Report: Conclusion
A dispute may arise upon the unknown variables in the credit balance. The creditor or grantor proceeds with the investigation into the dispute and prepares a credit report.
Once finished, they give the reports to the bureau. The bureau, in turn, hands them over to the respective customers.
A customer may agree or disagree with the reports and can proceed with any two options. Moreover, the report has three outcomes, as explained earlier, and each one of them has a unique meaning in a credit report by the grantor.