FCRA REQUIREMENTS

[Anonymous]

Hi, I've been checking out this forum for the last couple of weeks and have learned a lot of interesting things so thank you.  I do have one question though.  I disputed something a couple of years ago that I found on my credit.  I forget what the outcome was but when I pulled my credit reports about 1 week ago, I see that this account show up with the following statement attached "account information disputed by consumer, meets FCRA requirements"  Can anyone tell me what this means? Can I get it removed?  Thank you.

[Anonymous]

was this on CR or CR from monitoring service........I have TC and it always shows something that I have disputed. although it is not in dispute now.    I have never seen it on a new CR

[Anonymous]

It was on a credit report directly from the cra

[Anonymous]

It might just mean that it was disputed in the past. what is the drop date?

[Anonymous]

This means the acct is still coded as "in dispute"

This can work for or against you-

Yes- call the CRA and dispute the disputed status.

[Anonymous]

Timothy - can you give us some examples on when "acct in dispute" can help us or harm us?   My first concern is how does it affect the FICO score?   And when is it good to leave it there?

[Anonymous]

Timothy,

Thank you.  I guess it works in my favor because I disputed it about two years ago and basically they haven't verfied it.  Is that correct?

[Anonymous]

Sure-
For the exception of Public records and collections:

IF the TL is coded "Disputed" it is not calculated in your FICO score- It will calculate for UTL if it is revolving.

I will stress that doing this to improve your score can easily fail -

Example- I just had one of these- My current mortgage I disputed the 2 30 days late payments with EX and they got removed from EX and EQ but not TU.

I called TU and they were removed from TU as well BUT- it was left in a dispute status and cost me 30 points until the dispute status was released. I had to Dispute the Dispute status- I ended up having the mortgage company call to release it.

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@Anonymous wrote:

Timothy - can you give us some examples on when "acct in dispute" can help us or harm us? My first concern is how does it affect the FICO score? And when is it good to leave it there?

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Message Edited by Timothy on 10-06-2007 10:48 PM

[Anonymous]

Timothy,

Wow, I didn't realize this!  I have quite a few of these that have been disputed a few years back.  When I pulled my credit a few days ago, I see that a lot of accounts show, disputed by consumer.  I just thought that was like a statement that was going to be attached to the file until the file fell off.  When I dispute the disputed status online with the CRA, do I just check the other field and  explain that I feel it should be removed since it has never been verified?

[Anonymous]

(Bump)

Tim,

If I wanted to dispute online with the credit bureaus, can I use the other field and explain that the "customer disputes account information" has been attached to certain accounts for the last 2 yrs and therefore should be deleted since it hasn't been verified?  Thanks