11-20-2013 01:28 PM
This has been a roller coaster for us for sure! UW came back with a conditional approval and some normal conditions, updated pay stubs, statements, etc. Got these turned around super quick for them. Then, I get word that I have a dispute comment that needs to be removed before we can get a final approval. Just freaking a little since this will be the 3rd hard pull from the lender, and how that might impact my already fragile scores. I've already had a bogus collection pop up after getting a pre-approval, score tanked, fought it out, got it removed. Anyways, they were super cool about the dispute comment, and gave me a letter to fill in so their credit company could get the comment removed.... waiting on that.
The builder has already started construction on the house, but we have at least 6 months before it is finished. Do they do a final approval, then we wait until the home is finished, and then close??
11-20-2013 05:05 PM
I just had this same issue I just posted on, my approval was tanked because I had to get a dispute comment removed it took my score down 26 points because this collection was due to come off next year. I can't stop the tears from falling. I hope this does not happen in your case really worried
01-15-2014 02:56 PM
Ok, had the comments removed by CRA's... got confirmation in December. I just re-checked my reports and the comments are back on there. The good thing was that my scores did not drop after they were originally removed. I assume because this is a collection account I am dealing with.
So, I have to find some way to get the CA to remove the dispute comments before the lender has to pull my scores/reports again mid-Feb. This is def. a PITA! The house will not be finished for at least 3 months, so hopefully that's enough time.
01-15-2014 06:41 PM
There is a thread somewhere around here and it lists telephone numbers for each of the CRA. I called them and the comments were removed within a day... TU and EX removed them right while I was on the phone with them. If I can find it, I will add the link to this thread. I think it was Dallas the loan guy. I think my scores may have dropped a few points but not more than 10.
01-16-2014 08:31 AM
Thanks, I followed the instructions and the CRA's deleted right away. It worked great. However, the collection agency added them back in when they reported for the month. I am a little confused though, because I know at least Equifax created a dispute and investigated with CA. But it's back on there too. Going to try and fax and mail the CA to tell them that I am not disputing.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.