Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 18
Registered: ‎08-01-2011
0

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
Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

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!
Epic Contributor
Posts: 21,631
Registered: ‎03-19-2007
0

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.

New Contributor
Posts: 54
Registered: ‎12-31-2009
0

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?

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 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.

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

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.