topic Re: Dispute score dropped from 670 to 628 in Understanding FICO® Scoring

Dispute score dropped from 670 to 628

aot2009 — Mon, 02 Apr 2012 18:25:20 GMT

I had disputed a paid charge off which should be removed off my report from 2006 but today myfico dropped to 628 score from a 670.

My util is 4% on cards and I AAOA is 5 years+

Does this mean that if it's removed my score would lower?

Re: Dispute score dropped from 670 to 628

aot2009 — Tue, 03 Apr 2012 15:28:51 GMT

Called Equifax and they said they always drop the score when disputes occur. I'll update when dispute is over to let you know what the score change is and what the dispute was.

Good news is that nothing else has changed on my report and the dispute end date falls during a time before the credit cards update so I'll be able to see exactly how the score affects me.

Re: Dispute score dropped from 670 to 628

llecs — Tue, 03 Apr 2012 21:13:21 GMT

Is this CO a CC?

Re: Dispute score dropped from 670 to 628

aot2009 — Tue, 03 Apr 2012 21:48:06 GMT

Charge off from original creditor

Re: Dispute score dropped from 670 to 628

Lel — Tue, 03 Apr 2012 23:46:42 GMT

aot2009 wrote:
Called Equifax and they said they always drop the score when disputes occur. I'll update when dispute is over to let you know what the score change is and what the dispute was.
Good news is that nothing else has changed on my report and the dispute end date falls during a time before the credit cards update so I'll be able to see exactly how the score affects me.

I don't know that this means. Disputes don't always cause a score to go down, and Equifax can't just "drop the score" arbitrarily.

Was this the only derogatory comment on your credit reports?

Re: Dispute score dropped from 670 to 628

llecs — Wed, 04 Apr 2012 00:15:37 GMT

aot2009 wrote:
Charge off from original creditor

Is this a CC?

Re: Dispute score dropped from 670 to 628

aot2009 — Wed, 04 Apr 2012 01:38:10 GMT

It's not a CC it's a utility type bill

Re: Dispute score dropped from 670 to 628

aot2009 — Wed, 04 Apr 2012 01:40:13 GMT

I don't know that this means. Disputes don't always cause a score to go down, and Equifax can't just "drop the score" arbitrarily.

Was this the only derogatory comment on your credit reports?

Lel wrote:
aot2009 wrote:
Called Equifax and they said they always drop the score when disputes occur. I'll update when dispute is over to let you know what the score change is and what the dispute was.
Good news is that nothing else has changed on my report and the dispute end date falls during a time before the credit cards update so I'll be able to see exactly how the score affects me.
I don't know that this means. Disputes don't always cause a score to go down, and Equifax can't just "drop the score" arbitrarily.

Was this the only derogatory comment on your credit reports?

No there were others on my report still but this one is from 2006 and that's just what the lady said that the score goes down when it's in dispute and can bounce back after the dispute depending on the outcome.

I know and understand that when things are in dispute that they are not used in the scoring system but I find it hard to imagine this account so small would reflect that much change to drop that far.

If this is an AAoA type drop that's one heck of a drop in points.

Re: Dispute score dropped from 670 to 628

llecs — Wed, 04 Apr 2012 02:35:02 GMT

Per FICO scoring, a dispute will not impact AAoA, your scoring bucket, length of history, etc. A dispute will impact how FICO sees an OC's baddie status as well as the CL and balance, if reported. I don't see how a dispute to Verizon would impact your score in a negative way.

Was anything else disputed?

Is it certain that the dispute comment was reporting at the time of the SW (assuming?) alert?

Re: Dispute score dropped from 670 to 628

aot2009 — Wed, 04 Apr 2012 03:40:35 GMT

Here's the details from FICO Scorewatch. Nothing else was disputed or changed on my report.

VERIZON NEW YORK INC

Account opened: 8/2005

Description: Consumer disputes - reinvestigation in process

	Previously reported	Newly reported
Balance:	$190
Past due:	$190	$190
Status:	Bad Debt; Placed for collection;	Bad Debt; Placed for collection;
Last activity:	10/1/2006	10/1/2006
Description:	Consumer disputes this account information Account closed at consumer s request Charge off account Utility	Consumer disputes - reinvestigation in process

Contact: VERIZON

How account changes impact your score:

The following are reasons why a change to an account can cause your FICO® score to go up. (A change to an account in the opposite direction can cause your score to go down.)

The status of the account improved. For example, the status went from "60 days past due" to "currently paid as agreed". An improvement in account status demonstrates an ability to pay debts.
The balance on the account decreased. Generally, less debt is better for your FICO® score.
The amount past due on the account decreased. This demonstrates your ability to meet your financial obligations.
The credit limit on the account was raised while the balance stayed the same. Since carrying a balance too close to the credit limit is a sign of a consumer who needs credit and cannot pay it back, a higher credit limit actually helps your FICO® score.
The history of late payments or description for this account is revised to be less derogatory. For example, if a late payment on your account was mistakenly reported, correcting this on your credit report may help your score.

Re: Dispute score dropped from 670 to 628 SUCCESS

aot2009 — Thu, 12 Apr 2012 17:42:46 GMT

Account is now removed and I'm now at a 675 YAY for 5 points.

Tranunion is 728

Re: Dispute score dropped from 670 to 628 SUCCESS

Scenerio — Tue, 16 Apr 2013 18:04:37 GMT

Thanks for posting your outcome! People don't always do this, but it's very helpful.

I just disputed 5 items and my account dropped by 30 points, I am awaiting the results. Some of them are clearly incorrect.

Re: Dispute score dropped from 670 to 628 SUCCESS

jcolli5 — Fri, 10 May 2013 22:21:18 GMT

Yeah I'm in the same boat. Disputed two old items on my credit report. Equifax score went down from a 678 to a 615! WTH. It lowered 30 points the first month I disputed the items. And whats really annoying is the item being disputed came back with a result saying it would be deleted. I waited a week or so and it was still there. I call Equifax and they say "we're not sure why it says the item will be deleted maybe that was a mistake" huh? So I dispute it again for different reasons this time. I also contact the company that made the negative remarks and dispute it with them. Score drops again. My Fico score, Transunion and Experian scores stayed the same (678-705) - Hoping all works out in a month or so. I will post the outcome.

Re: Dispute score dropped from 670 to 628 SUCCESS

aot2009 — Sat, 11 May 2013 00:10:22 GMT

If it came back as deleted keep the letter and file suit against them. They have 5 days to notify you in writing if they put it back on your report.

Every time you dispute something it drops the score.

Re: Dispute score dropped from 670 to 628

kcFlorida — Sat, 11 May 2013 22:44:10 GMT

Personally, I think FICO scoring is total BS. I'm an AT&T employee, and opened an account for AT&T services at my new address. Score dropped 3 points because it was viewed as an application for credit. A utility bill sure as heck isn't credit in my view.

Re: Dispute score dropped from 670 to 628

llecs — Sun, 12 May 2013 02:03:31 GMT

kcFlorida wrote:
Personally, I think FICO scoring is total BS. I'm an AT&T employee, and opened an account for AT&T services at my new address. Score dropped 3 points because it was viewed as an application for credit. A utility bill sure as heck isn't credit in my view.

I think it boils down to whether or not AT&T needs to pull your credit before offering a phone. IMO, I think they should because they are taking a financial risk in the 30 days leading up to the first bill as well as the phone costs, but I'm sure others would disagree with their policy.

topic Re: Dispute score dropped from 670 to 628 in Understanding FICO® Scoring

Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628 **SUCCESS**

Re: Dispute score dropped from 670 to 628 **SUCCESS**

Re: Dispute score dropped from 670 to 628 **SUCCESS**

Re: Dispute score dropped from 670 to 628 **SUCCESS**

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628

Re: Dispute score dropped from 670 to 628 SUCCESS

Re: Dispute score dropped from 670 to 628 SUCCESS

Re: Dispute score dropped from 670 to 628 SUCCESS

Re: Dispute score dropped from 670 to 628 SUCCESS