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How long before Dispute Remarks are removed? I ended up going to the EO of Cap 1 to get them removed and got a phone call well over a week ago that the request was sent in.
I checked my TU on CK today and it's still there.
Would that cross/conflict with the supposed sent in request from Cap 1 Executive office?
If the Dispute remarks are as a result of disputing with the CRA, then calling them and asking them to be removed is the way to go. If the remarks are as a result of a Direct Dispute with the OC, then calling them and asking them to remove is appropriate. It's possible the CRA could remove the remarks and then they reappear because they are on the monthly update from the OC. It's important to know the genesis of the remarks..
Dispute Remarks doesn't hurt your Score.
@Anonymous wrote:Dispute Remarks doesn't hurt your Score.
No, they don't hurt your score, but during a manual review - like when applying for a mortgage - they raise questions and could be a cause for denial.
For info purposes about dispute remarks
When you dispute its marked with an XB code
FICO will not consider an item with the XB code present for either its Payment History or Debt related. So, if you have a credit card account with late payments and you’re disputing those late payments, the FICO score will choose to not consider those late payments.
If you have a credit card account with a large balance and you’re disputing the balance, the FICO score will not consider the balance.
The fact that the FICO score is temporarily ignoring these items can cause your scores to be higher. The score improvement is temporary and can’t be used to “game” the system.
If the item has been verified as accurate, then the credit bureaus are no longer investigating it. That means the credit bureaus will remove the “in dispute” language by removing the XB code.
Once the XB code is gone in the eyes of FICO because it has been verified and is, arguably, accurate. Then your scores would return to previous levels
This isn’t new news and lenders also know this, which is why you can’t just go and dispute everything that’s bad on your credit reports, have your FICO scores shoot through the roof, and then go apply for a loan.
@myjourney wrote:For info purposes about dispute remarks
When you dispute its marked with an XB code
FICO will not consider an item with the XB code present for either its Payment History or Debt related. So, if you have a credit card account with late payments and you’re disputing those late payments, the FICO score will choose to not consider those late payments.
If you have a credit card account with a large balance and you’re disputing the balance, the FICO score will not consider the balance.
The fact that the FICO score is temporarily ignoring these items can cause your scores to be higher. The score improvement is temporary and can’t be used to “game” the system.
If the item has been verified as accurate, then the credit bureaus are no longer investigating it. That means the credit bureaus will remove the “in dispute” language by removing the XB code.
Once the XB code is gone in the eyes of FICO because it has been verified and is, arguably, accurate. Then your scores would return to previous levels
This isn’t new news and lenders also know this, which is why you can’t just go and dispute everything that’s bad on your credit reports, have your FICO scores shoot through the roof, and then go apply for a loan.
This response should be in the Response Hall of Fame. Every time this question comes up (and it's quite often), this should automatically be the response.
Thanks for the detail.