Credit Card Center Advertiser Disclosure

New Member
Posts: 2
Registered: ‎01-25-2013
0 Kudos

trouble with homepath after dispute removed

I am currently in escrow to close a home in Ca on Feb 5th. Everything was going great and thr lender said I had to remove a dispute from an account that i paid in dec 2010. the account in question is from Verizon and it was charged off before I paid it. I did however end ip settling with Verizon but do not remember dispiting the account. I sent a letter to Verizon saying I am longer disputing this account please remove this dispute from my credit. Verizon did remove the dispute but as of 1-21-2013 there is a new statement on Equifax with the comments "bad debt & collection & skip". The new statement sjows a $0 balance like the other statement and also says paid charge off. 


I am sorry if I am rambling but basically my lender said this can keep me from obtaining a loan because homepath has red flagged this you update.  I have talked to Verizon and Equifax and neither of them said they can remove it. Any help is much appreciated. 

Valued Contributor
Posts: 3,302
Registered: ‎06-09-2010
0 Kudos

Re: trouble with homepath after dispute removed

Several possibilities happen when you have disputes on your reports.

First it usually does not consider the account being a negative or a positive.

Second there is always a great chance your scores take a hit once dispute is removed.

Third by updating a negative account from removing dispute has the possibility of showing current updated status, so the account reads as though its been delinquent recently.

If your scores are still qualifiable, and everything else is in good shape you have still have a chance.

Lenders have different overlay requirements so you may have to shop lenders.

Just keep in mind YMMV depending on all circumstances.
Good Luck
May all your dreams and wishes become a reality!
New Member
Posts: 2
Registered: ‎01-25-2013
0 Kudos

Re: trouble with homepath after dispute removed

Today  I spoke with my lender and she was able to clarify the situation much more. So the account that was in dispute with Verizon was paid in dec of 2010 and  last reported on January of 2011. When Verizon removed the dispute and sent an automatic update to the credit bureaus equifax deleted the old account reporting date of January 2011 and reported it for January 2013. So now it looks like a have a new derogatory account which is having an adverse effect on my credit. 


What I did is wrote a letter stating my position and explaining the error that equifax made and gave proof that these account was satisfied. My lender is using a rapid restore company to remove the incorrect information so that the loan can process. I will not know the results of the restore until Monday or Tuesday so I am keeping my fingers crossed and hoping for the best outcome.

New Member
Posts: 7
Registered: ‎02-06-2013
0 Kudos

Re: trouble with homepath after dispute removed

[ Edited ]

I am currently going through a rescore as well.  How did your situation turn out?

Capital One $1750 CL; Orchard Card $500 CL, Old Navy/Gap $600 CL
Experian 586; Transunion 637; Equifax 659

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.