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Valued Member
lovelylisa84
Posts: 46
Registered: ‎08-03-2012
0

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
0

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
0

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: 364
Registered: ‎03-01-2012
0

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.

Filed BK7: 7/12 (discharge 10/12) 5/12- EQ FICO - 508 / TU FICO - 490
EQ FICO: 660 (9/14)
TU FICO: 642 (9/14)
EX FICO: 667 (9/14)
NFCU cashRewards $15,000 - NFCU Flagship Visa $15,000 - 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
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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
0

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
Member
Vell_Pruitt
Posts: 12
Registered: ‎07-28-2014
0

Re: Disputes decrease score?

Hi I'm in the market for a car, been workin on my credit a lot. Now I'm at about a 605, and the car I want is about  16,500. If u don't mind me asking what was your intrest rate for the amount u were approved for and amount?  Thanks

Established Member
BCakes
Posts: 14
Registered: ‎07-07-2014
0

Re: Disputes decrease score?

[ Edited ]

That's odd. Maybe it depends on what is being disputed. I am just starting my rebuild and dispute with all 3 agencies last month. No change to my scores during the investigation so far. Equifax just closed their investigation and my score went up 5 points. 


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