Rebuilding Your Credit

[geoff]

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]

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]

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?

[Shogun]

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.