Data Quality Scanner Reduces Costly Credit Reporting Disputes
Chadds Ford, PA, May 28, 2019 – Bridgeforce Data Quality Solutions announced that its Data Quality Scanner (DQS) has been demonstrated to help financial institutions reduce their credit bureau disputes. One of our large-bank DQS customers experienced a 30% reduction in their average quarterly dispute rate after implementing DQS and leveraging its insights to enhance their reporting. This contrasts with rising CFPB consumer reporting complaints during the same timeframe.
DQS identifies discrepancies in credit reporting files so furnishers can proactively resolve incorrect reporting information and reduce costly disputes.
About Bridgeforce® Data Quality Scanner® (DQS) Solution
DQS is the only tool in the industry tailored specifically to help data furnishers achieve enterprise-wide accuracy and compliance with Metro 2®. We are proud to offer white-glove implementation and full-service consulting support as well as month-over-month tracking. Our goal is to ensure a seamless integration with ongoing support, so your enterprise has the confidence to grow and succeed across the board. Compliance audits will be simplified, customer disputes should be lessened, and the once-tedious process of auditing files has been pared down to a single-source-of-truth report.
The Metro 2® Format and the Credit Reporting Resource Guide® (CRRG®) are owned by the Consumer Data Industry Association® (CDIA®), http://www.cdiaonline.org. Bridgeforce Data Quality Solutions, LLC is an independent entity that is not affiliated with CDIA® and CDIA® is not responsible for the content of the information contained herein.