cancel
Showing results for 
Search instead for 
Did you mean: 

Accounts in dispute?

Established Member

Accounts in dispute?

So before becoming a member of this forum I disputed alot of my collections. Since then now when I pull my credit they say account in dispute. BUT its been 5 months later and I figured it wouldnt say that anymore? Im trying to buy a house but Im not sure if the collections saying that will make the banks a little uneasy. Is it ok for these collections to say that? Or should I call each CA and have them take that statement off?

 

Thanks for any help!

EQ - 642 EX - 661 TU - 671
Message 1 of 4
3 REPLIES
Moderator Emeritus

Re: Accounts in dispute?

I can just tell you from my experience, I had to have all disputes removed from the CRAs before mortgage approval.  And I wasn't even disputing, they just took some of my PFDs and GWs that way.  But I did have to scramble around and get everything removed.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 4
Community Leader
Epic Contributor

Re: Accounts in dispute?

The CRA is required to make a final determination on a dispute within 30'ish days of receipt.

It should be a normal part of their process, once concluding a dispute, to lift the dispute flag, as the sending of their required Notice of Results of Reinvestigation formally terminates the dispute.

 

From many, many posts in the forum, it is evident that the CRAs are not complying with that part of the process, leaving dispute flags in place long after their conclusion.

I would call the CRA and request removal.  If informal request dont work, a formal dispute of accuracy of that information in your file can be sent to the CRA.  But that's a catch-22..... filing a dispute to get a dispute removed! 

 

It's kinda silly..... but important, as the continued presence of the dispute flag removes certain items from your FICO scoring.  I would get them removed prior to any loan app., thus giving the potential creditor access to your real score.

Message 3 of 4
New Contributor

Re: Accounts in dispute?

I am buying a home and dealing with the same issue, how did you resolve it? Call CR agencies? How long did it take to update?

Message 4 of 4