HP with dispute pending

[apehar24]

I didn't know where to put this, so I'm placing it here because I am hoping to get a mortgage in 4-6 months. Question, I'm looking to join a credit union. I currantly placed a dispute for an item to be updated on my credit report. That's suppose to be resolved in about 20 days. Of course I know that it could get resolved sooner...hopefully... but I'm not wanting to wait that long. The credit union said that they will do a HP from EX, which of course is where the dispute is. Should I wait til the dispute is finished or can I just go ahead now?? I asked the lady at the credit union, and she said it wouldn't be a problem since I'm not applying for credit or anything. She also stated that my score and the TL are not really going to matter since I'll just be opening a savings account. BUT I just don't trust that lol. Thoughts ???

[Anonymous]

So how come you can't wait 20 days?

[apehar24]

ummmm... cause I'd rather have a HP done now rather than later. At least have a few months before mortgage lenders start pulling. The more time between inquiries the better.

[Anonymous]

And the bureau advised ya they would remove the dispute, or is that just what you're thinkin?  Disputes and mortgages are bad, it can cause all kinds of headaches (do a search on that).  I guess what I'm askin have they rendered a decision on that, or are they still checkin into it?

I wouldn't worry about the IQ, they're overated.

[apehar24]

No. I said it's being updated.....NOT deleted. It's nothing major. Sorry if I was unclear. Just wondering ...  has anyone had a HP while something was still in dispute? Did it have an effect?

[Lemmus]

...it does matter ...but its up to you whether it matters enough to not open the account ...the dispute itself won't affect the CU membership, its just a background verification to them ...dumb, dumb, dumb on their part but what can you do other than find a different CU?

[frugalQ]

OP, you shouldn't worry about. The CU is correct, if you aren't applying for a mortgage, the dispute is a non-issue.

Now, you want to make sure the dispute is resolved and comment removed BEFORE you apply for the mortgage.

[apehar24]

Thanks Lemmus, that's pretty much what I thought. Also thanks frugalQ. I definitely know that I want to make sure there's no disputes going on when I apply for my mortgage. Thanks for the reminder.     For you BamaGuy, inquiries normally won't drop your score by much but if you have a lot in a short amount of time, can look risky to lenders...unless you're shopping for mortgage, car, or student loans. Here is a link from myFICO you should check out.    http://www.myfico.com/crediteducation/creditchecks/inquiries.aspx