Hi. I am hoping to get a quick resolution. First of all, I'm very happy because I was approved! But it came with one condition. I have one account on all 3 of my reports that states "consumer disputes". It's a paid charge off from Dec 2007. The only thing I had disputed about it was the reporting dates. It was never resolved so I just let it go. Anyway, my mortgage broker called today to tell me that if I no longer dispute the account I need to request to have it removed from all 3 reports. I called EX and they were super easy. I have yet to call CSC because they were already closed but I called TU and the rep said he needs to submit another dispute to have it removed and it will go to the creditor to be verified. That seems really stupid to me but I guess that's how they do it. Does anyone know if there is a faster way? And info on how to deal with CSC on this? My broker said they will pull all 3 reports again before closing (which is on Aug 28th) and I want to make sure it's off.
There is no easier way. I went through this earlier this year. EX was quick and easy. TU & EQ I had problems. TU did the same thing. They told me the creditor had to have it taken off. I was like, I'm the one who disputed it and I no longer dispute it so just take it off. NOPE. I had to call the creditor, tell them to notify TU that this is no longer being disputed. I went back & forth between TU and the creditor.
In the meantime, TU screwed up other items on my report by disputing items I never had a dispute for. It took about 45 days before they were all off my credit report.
My suggestion to you is to monitor your credit reports while you are having the disputes taken off and make sure you pull your reports before the loan officer does to make sure everything is off and all other items are ok.
Shane, thanks for that information. I will try and go that route if I need to. I was able to get in touch with the Wells Fargo credit card dispute dept. yesterday and the rep was awesome to work with. She said she sent a "rush" request to the CRA's to take the dispute blurb off of my reports. She said it should take about 10 days and she would fax me a copy of the letter. When I spoke with CSC yesterday, the rep told me that all I need to do is send them a fax'd letter from Wells Fargo and they'll remove it. So the only one I'm really concerned about is TU. If push comes to shove, I'm hoping the letter from Wells Fargo will make the mortgage broker and the credit vendor happy.
Dhaval, I didn't have a problem with EX. I called cust service and it was gone within 24 hours. Try calling the creditor and see if they will send a letter for you.
Just out of curiosity, why do lenders require that you have the disputes removed?
Trade lines that are actively in dispute receive special treatment in the scoring models. They are excluded to some degree. This can make your score go up kind of artificially. I understand some people were doing mass disputes to raise their credit scores and then running out to apply for a loan. That might be what lenders are afraid of. It will be interesting to see what the experts say..
I just got my dispute removed from EQ and my score went from 765 to 715. my wife dispute on EQ went from Before Disupute 756 to After dispute was removed 692