Worried about score drop – dispute comment removed.

[Cubist]

As an approval condition, I had to have the comment “account information disputed by consumer” removed from my credit reports. The comment was attached to  a credit card account with a late payment.

The account is not currently in dispute. I had called capital one about a balance inaccuracy a few months back & it was resolved. Now that I have gotten the comments removed from my three reports, My LO warned me about a possible score drop. Wouldn’t he score drop have happened one the account disputer was closed, rather than after simply removing the comment?

The late was a 30 day late from July, 2011. I’m hoping it doesn’t impact me too bad, but I’ve read about people seeing 100 point score drops & now I’m freaked out. can anyone tell me if they had a drop & if so, how much of one? 

I am supposed to close 6/24. Thanks!

[Elcid89]

He was giving you generic advice. Active disputes are not factored into your credit score while they are being investigated. Once the investigation is completed, the formula picks them back up. If the investigation had already been completed when your scores were pulled, it's unlikely that removing the comment will change them.

[Cubist]

Thanks. This is what I assumed. I figured it the dispute was over, the late payment was being factored in again. I didn't see how removing a coment would have changed anything.

[pakman92]

Removing the comment would not change the score.  But, some mortgage underwriters will not approve when a 'in dispute' comment is on credit report.  They don't know that it's not an active dispute or not....

[Cubist]

Exactly. I had to have the comment removed even though the dispute was closed.

[tooleman694]

When I had my comments removed, my score dropped about 50 points. This was on stuff I disputed a year earlier.

[pakman92]

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@tooleman694 wrote:

When I had my comments removed, my score dropped about 50 points. This was on stuff I disputed a year earlier.

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I suspect that the drop in score was from a dispute on a negative account.  When there is an active dispute, that aacout is not included in FICO calculation.  All but for more reason for the underwriters to make sure no account in is dispute.

[tooleman694]

The problem is that they can stay in active dispute for years and years.

[LAtigers11]

I have an account that has this statement from a dispute a few years ago, I was told it was put there by creditor so I would need to contact them to have it removed, would doing this cause any of the information that is currently being reported on this tradeline  be changed??? I do not dispute the current info that is being reported, but I am worried that the creditor changes info that is being reported and my credit score takes a hit. Thanks in advance for any feedback!!