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Valued Member
lovelylisa84
Posts: 46
Registered: ‎08-03-2012

Disputes decrease score?

Hi all I disputed some accounts to show IIB. One was a collection that just got added during chapter 7 (big no no). The other was my credit card that has been reporting late and not IIB. My credit score was 623 then when collection was added it went down to 619 and now with disputes it shows 605.
TU FAKO 5/2013 605 6/2013 617
EQ FICO 5/2013 535 6/2013 623
BK7 Filed 3/29/13
Score Goal:715
Frequent Contributor
shols44
Posts: 397
Registered: ‎11-03-2012

Re: Disputes decrease score?


lovelylisa84 wrote:
Hi all I disputed some accounts to show IIB. One was a collection that just got added during chapter 7 (big no no). The other was my credit card that has been reporting late and not IIB. My credit score was 623 then when collection was added it went down to 619 and now with disputes it shows 605.



Are these fico scores? There are a variety of reasons scores could fluctuate during disputes. I'm a bit suprised that disputing a CA could do that though. In either case, I would let the process play out if I were you. In the long game its not the score but the content of your report that matters.


Starting Score: 501
Current Score: 706 EQ,TU 689,EX 686
Goal Score: 720

Valued Member
lovelylisa84
Posts: 46
Registered: ‎08-03-2012

Re: Disputes decrease score?

Yes FICO scores. I was worried about the score because I need a car.
TU FAKO 5/2013 605 6/2013 617
EQ FICO 5/2013 535 6/2013 623
BK7 Filed 3/29/13
Score Goal:715
Frequent Contributor
grassfeeder
Posts: 329
Registered: ‎03-01-2012

Re: Disputes decrease score?

I got my car loan with a 600 score exactly....it can be done.  depends on other factors, loan to value ration, down payment, etc.

5/12- EQ FICO - 508 / TU FICO - 490 / EX FAKO - 550 Ch. 7 BK - 7/12 (discharge 10/12)
6/14 - EQ FICO 674 / 4/14 - TU FICO - 636 / EX FICO - 654

NFCU cashRewards $10,000 - NFCU Flagship Visa $8,000 - First Tech C.U. Cash Rewards $5,000 - Barclays Apple Card $2,000 - JCrew $4650
In the garden starting 3/1/14 till ???
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Disputes decrease score?


lovelylisa84 wrote:
Hi all I disputed some accounts to show IIB. One was a collection that just got added during chapter 7 (big no no). The other was my credit card that has been reporting late and not IIB. My credit score was 623 then when collection was added it went down to 619 and now with disputes it shows 605.

Disputing a collection or PR will have no impact on your score.

 

When disputing OC accounts, certain aspects of those accounts are removed from scoring.  It can lower your score.  When the dispute is resolved your score will go back pre dispute or up or down depending on the outcome of the dispute.

Valued Member
lovelylisa84
Posts: 46
Registered: ‎08-03-2012

Re: Disputes decrease score?

it went down again to 572 because of the disputes. ugh. I was planning on buying a car. I guess that's out of the question now.
TU FAKO 5/2013 605 6/2013 617
EQ FICO 5/2013 535 6/2013 623
BK7 Filed 3/29/13
Score Goal:715

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