Does Disputing Falsely Inflate Your Score?

[Anonymous]

Are accounts that are currently in dispute omitted from the FICO algorithm?

[Scamp]

Yes.  While they are in dispute, they are removed from scoring consideration.

[Anonymous]

Wow, that is interesting.

I didn't notice a score increase as the items reported in dispute. I only saw an increase in score when I paid off all of my credit cards and a couple of installment accounts.

[Scamp]

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creditgotmedown wrote:

Wow, that is interesting.

I didn't notice a score increase as the items reported in dispute. I only saw an increase in score when I paid off all of my credit cards and a couple of installment accounts.

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Your scores also theoretically can go DOWN during a dispute, if the disputed item is making some major positive contribution to your scores that outweighs its negative effects.

If it comes back verified, it'll go back into scoring consideration, of course.

[Anonymous]

Just a note-- the entire account is not removed. Just certain aspects of it. I don't know what is/isn't removed though. Still a secret.

[ficonewbie01]

I have an online disputed item that dropped my score by -23 points. It's still being investigated. I've settled with the OC and have sent a GW letter to them yesterday. I hope they will agree to remove because they updated the payment history with a negative mark for Mar as "RF" (reposession/foreclosure) which is inaccurate as this was a personal loan. A lesson learned is to never co-sign again.

Message Edited by ficonewbie01 on 05-12-2009 07:13 AM

[BungalowMo]

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@ficonewbie01 wrote:

A lesson learned is to never co-sign again.

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Back in 2000, my brother co-signed a car loan for me.  A couple years ago, starting my fico-cleanup, I knew I'd had one late pmt in Dec on that loan.  My Bro...with no PC asked me to get his report & there it was on HIS! 

I felt so bad that I sent a GW to the bank asking that even if they couldn't remove mine, could they please remove his??

They removed BOTH!   I felt worse about his black mark than my own!

[Anonymous]

Just got this from my LO:

I have run your loan application and credit through the automated system and received an automated approvalJ. 

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!