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Member
Posts: 9
Registered: ‎03-20-2012
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Removing a disputed item

I am hoping someone can help me understand this better. I had a disputed item on my credit, we are trying to get a mortgage and the loan officer said we would have to get the dispute removed from my credit before they could do anything. So I sent a non dispute letter, it was removed and my credit dropped by 51 points....why in the world did it drop so much??? Will it go back up anytime soon?

Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
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Re: Removing a disputed item

Member
Posts: 9
Registered: ‎03-20-2012
0

Re: Removing a disputed item

Sorry I am new to this and not sure about all of abbreviations that are used. It is an old credit card from many years ago that was turned over to a collection agency.

Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
0

Re: Removing a disputed item

[ Edited ]

CA = Collection agency.

 

Getting a collection removed should have helped your score, not drop it. 

 

Is there any way for you to cut and paste the tradeline in question?

Member
Posts: 9
Registered: ‎03-20-2012
0

Re: Removing a disputed item

Unfortunately the collection did not get removed, just to "dispute" It said "Account information disputed by consumer". The dispute itself was removed, the collection was not removed.

Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
0

Re: Removing a disputed item

When you initially disputed it did your score increase?

 

The only reason I can see for this to happen is if you got an increase when the dispute happened and they took it back after removing the dispute.

 

But, since it was a CA account, it never should have been removed from scoring in the first place.

 

Have you got a new copy of your credit report since this happended.  It might be a good idea to.  See if something else happened.

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Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
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Re: Removing a disputed item

OP, some folks use "collection" loosely, but per FICO scoring it makes a big difference. For clarity, was this a collection agency reporting on behalf of a debt, OR was this a charge-off like a CC, phone bill, loan, etc.?

 

Were both scores (the before and after that resulted in the 51 pts) from the lender? Or was the 2nd score from another source?

 

Member
Posts: 10
Registered: ‎02-11-2013
0

Re: Removing a disputed item

How does a junk debt buyer play into this? Are they the OC or a CA?

Moderator Emeritus
Posts: 14,122
Registered: ‎04-15-2011
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Re: Removing a disputed item

they are a CA.

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Registered: ‎04-07-2009
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Re: Removing a disputed item

When an account is disputed it remains nuetral in the scroing process. Once the dispute is removed on the disputed acocunt the account is fully factoted in the the score.

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