In the U.S., two companies dominate the credit scoring industry. FICO is the industry leader, but VatangeScore has been gaining market share since the three major credit reporting agencies created it in 2006. Both companies develop credit scores that lenders and creditors can use to evaluate applicants and manage customers account However, VatageScore and the FICO scoring models use slightly different criteria to determine your scores.
Once you formally dispute an item, the credit bureau has 30 to 45 days to investigate, If it determines the information is, in fact, an error or they can’t verify it at all the bureau has to remove the information. Of course, not all credit report disputes go smoothly.
