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Valued Member
stagemother
Posts: 42
Registered: ‎06-28-2011
0

gw of lates denied get In Despute instead

So far, I am not doing well at all raising my Credit Score.  ))-;  I am praying that paying off my Closed 2250 CL with 1500 balance installment account today while leaving 9% balance on CC will help...  

 

But in the meantime, I just get in the mail that CitiMortgage cannot request that CRA remove late pmt. "Since we are unable adjust your credit report exactly as you requested, we have placed and "In Dispute" comment on your CitiMortgage trade line" ... furthermore ... "we are unable to provide information how or if this Dispute Code may impact your FICO or other credit scores." 

 

Does anyone know what effects of "In Dispute" comment placed by CitMortgage have on credit score ... should I worry??

Contributor
independentlady7
Posts: 117
Registered: ‎05-19-2011
0

Re: gw of lates denied get In Despute instead

[ Edited ]

Others correct me if I am wrong-but I believe a continued dispute on a regular tradeline will not be considered when determining the score. This could be harmful if it is one of your oldest accounts and/or there is some good history in there as well.

 

If you are applying for a mortgage or something large, nothing can show in dispute.

Starting Score May 2011:
617 TU (04)

Current Score 9/19/11:
677 TU (98)
670 Equifax
Goal Score: 700 by end of 2011

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: gw of lates denied get In Despute instead

It can show in dispute when applying for a mortgage if there is a $0 balance.


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!
Valued Member
stagemother
Posts: 42
Registered: ‎06-28-2011
0

Re: gw of lates denied get In Despute instead

[ Edited ]

This account is my current mortage account.  High balance $85,000, now $50,000 and has not had one late since 2006 yet is still in derogatory/Adverse status.   So today CitiMortgage places In-Dispute.   How long will Derogatory status remain with lates in 2006?   Is it worse now with In-Dispute labeling?  This is the very company that I want to get refinancing with.  Should I request that they take off In-Dispute labeling?  Thanks

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: gw of lates denied get In Despute instead

Lates from 2006 shouldn't be hurting your score too much.  Their impact does tend to dwindle with age.  Citifinancial is now OneMain, or something like that. 


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!
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: gw of lates denied get In Despute instead

Sorry, Citimortgage might be different, just noticed that.


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!
Contributor
independentlady7
Posts: 117
Registered: ‎05-19-2011
0

Re: gw of lates denied get In Despute instead

If you are looking to refi I would absolutely not have them place it in continued dispute status.


The late from 2006 shouldn't be harming your score that much.

Starting Score May 2011:
617 TU (04)

Current Score 9/19/11:
677 TU (98)
670 Equifax
Goal Score: 700 by end of 2011

Contributor
independentlady7
Posts: 117
Registered: ‎05-19-2011
0

Re: gw of lates denied get In Despute instead

"It can show in dispute when applying for a mortgage if there is a $0 balance."

 

Ok, I will rephrase and say anything open with a balance cannot be in dispute status. Though that isn't an issue with this particular story.

Starting Score May 2011:
617 TU (04)

Current Score 9/19/11:
677 TU (98)
670 Equifax
Goal Score: 700 by end of 2011


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