disputing student loans score dropped

Anonymous · ‎02-01-2013

hello..i had duplicate student loans on my experian credit report..i disputed them yesterday and today my credit score dropped 30 points! i have 20k in student loans and experian was reporting 40k..is this a temp thing or a glimpse of whats to come??thanks for your time

iwantahouse2013 · ‎02-01-2013

Same thing happend to me but with Equifax. I reported to the Consumer Financial Protection Bureau and all my loans were removed i gained like 15 points at first. then they put back some of my loans the closed ones and I lost 2 points. Have no idea if they will add the other 2 back I need the tradelines to get a fha loan, it has only been over 45days.

surbee · ‎02-01-2013

oh no! i have a similar issue! i have a student loan showing it's in collections still but it was closed out over two years ago. i was able to get a letter from D of Ed to say it was a closed account... am trying to get them to delete... but i sent the letter saying the account was closed to the reporting bureaus. so far i've seen one report drop 1 point saying the line is in dispute.

i can't not afford a drop that big! eek!

can you share how you went about disputing via the CFPB?

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06/2013 -- TU 690 - EX 674 - EQ 673
03/2013 -- TU 638 - EX 685 - EQ 654
01/2013 -- TU 607 - EX 573 - EQ 597

GOAL -- All Above 700... I'll get there soon enough!

Shogun · ‎02-01-2013

While in dispute there are certain aspects of an OC's TL that are excluded. One is being the AAoA which is the likely culprit of your drop.

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.