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Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,423
Registered: ‎10-02-2012
0

What does this mean?

My daugter disputed an item from her account. Its an account from which she was an AU only but disputed for it to be removed, She just submitted it last night and go an alert stating this. What dos it mean?

 

The following changes were reported for your WELLS FARGO CARD SERVICES account : 
Comments on your account changed from Credit card , Amount in H/C column is credit limit to Consumer disputes - reinvestigation in process , Amount in H/C column is credit limit

Closing all of these credit card accounts once paid off for a fresh start.
$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 6 months, Utilization 74%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007
0

Re: What does this mean?

The alert is just letting you know that the TL is being disputed. 

Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,423
Registered: ‎10-02-2012
0

Re: What does this mean?

Okay thanks for you help.

Closing all of these credit card accounts once paid off for a fresh start.
$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 6 months, Utilization 74%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14
Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007
0

Re: What does this mean?

Lingering behing advisement that they have placed an "in dispute" flag on the credit file is the fact that, while the pending dispute flag is in effect, FICO will temporarily ignore certain factors in its scoring, thus making any score obtained in the interim essentially useless.  So it is a bit more than just useless notice of something you already know.

 

That is the implication of their advisement. 

A caution:

The CRAs are notorious, once having placed an in dispute flag on the file, for not rountinely removing the flag once the dispute has been concluded.

It would be wise, once a Notice of Results of Reinvestigation of the dispute has been received from the CRA, which is the document that formally concludes a dispute, to make sure they have lifted the flag.

Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,423
Registered: ‎10-02-2012
0

Re: What does this mean?

Oh okay thanks for letting me know I'll make sure of that! 

Closing all of these credit card accounts once paid off for a fresh start.
$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 6 months, Utilization 74%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14

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