08-23-2012 07:59 AM
I have my free CRs, they are all good except Experian which has a NCO paid, closed account opened in 4/2006 listed. The Experian website asked if I wanted to dispute this, so I checked yes, now it is showing, "This item is currently being investigated". Does that mean that it will now be a problem for the lender, if I wanted to get pre-approved soon. What can I do now?
I guess that one $25 NCO item will lower my FICO anyway, so I am thinking about just forgeting about buying a house now.
08-25-2012 01:57 PM
08-26-2012 04:45 AM
08-26-2012 12:03 PM
I have not pulled the FICO scores because only Experian is the one that I am concerned about and they will not give FICO scores. The mortgage lender takes the two lowest scores, I think and averages them so the EX score will bring it down I guess.
08-26-2012 01:31 PM
the lender will take all three scores for example my Fico is TU 720, EX 684, and EQ 654. My Middle Score of these three is EX 684 the one the Lender will use, not the average of the three.
08-26-2012 06:19 PM
I have asked Experian to cancel the NCO item. I thinlk that may have been the wrong thing to do, because they may just update it. Should I call Experian and ask them to cancel my request about NCO? I also wrote NCO a GW letter, if they decide to be nice and delete it on EX would that be ok?
08-26-2012 07:42 PM
I would wait until the dispute is fully investigated in which it may take 45 -30 days. In the interim I would send a PFD certified immediately, NCO is pretty good about removing negatives from tradelines once paid. Your collection is 6 years old and frankly your scores are much better than mine when I closed on my home in May. I think you will be fine.
08-26-2012 08:11 PM
08-26-2012 08:14 PM
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