My name is Evelyn and I just recently joined the Forums. Anyway, last month I sent dispute letters to all 3 of the Credit Bureaus. I have received updated reports with deletes or updates from Experian and TransUnion. I have not received anything from Equifax for either myself or my husband. However, we were looking to refinance our current mortgage and needed to raise my mid score by 21 points. When the mortgage company pulled our reports, my score had dropped about 70 points and I am now so devastated because I thought with the deletes and updates that we would have those 21 points. I didn't know that disputing things on your credit lowers your scores. Is this in fact true? Someone give me some hope.
Thanks for your quick response. That's what I get for reading those books on getting your credit straight. What happens after the 30-45 period when the CRA's do their investigation and now the dispute is "settled"? What will happen to those accounts in dispute or the one's that were deleted from TransUnion? Will my score change again?
Maybe settled is not the right term here. I see updated and deleted on TU & EX. Does this help my score? Here is what I disputed: Disputed a collection account that was not mine, it was deleted.
Account appeared two times on all my reports, deleted from TU, one removed from EX and one left. This is a valid account. I had a lot of duplicate accounts that were updated and I also had a BK7 from 2001 and a lot of the accounts were listed individually and as part of the BK. So those accounts are now showing as part of the BK7 but not listed individually anymore. My lender, Countrywide, reported my April 07 payment as late when in actuality I paid more on the mortgage payment and they didn't know what to do with it, so they held my payment. Got letter showing their error, is not reporting late to bureaus. This was all that was disputed.
You are absolutely correct, MortgageGuy.... That is what they said. I think we are just going to have to get some part-time jobs, pay off or pay down or credit card debt and then put our house on the market next year. At this time in our lives, I think we can downsize.