Process Terms
ACDV (Automated Consumer Dispute Verification): Definition
The system used by bureaus to process consumer disputes.
Definition
ACDV (Automated Consumer Dispute Verification) is the electronic system used by credit bureaus to forward consumer disputes to data furnishers and receive responses. Data furnishers must respond to ACDV requests within the timeframes specified by FCRA.
Usage Notes
- Electronic dispute processing system
- Requires response within FCRA timeframes
- Documents dispute investigation results
Related Terms
More Process Terms
Dispute
A consumer's challenge to the accuracy of reported information.
e-OSCAR
The industry system for processing credit disputes electronically.
File Submission
The process of sending Metro 2 data to credit bureaus.
Credit Report
A detailed report of a consumer's credit history.
Credit Score
A numerical representation of creditworthiness.
Tradeline
A record of a single credit account on a credit report.
Soft Inquiry
A credit check that doesn't affect credit scores.
Hard Inquiry
A credit check that may affect credit scores.
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