05-13-2013 05:46 PM
I disputed some dates on some of my student loans, and now under the comments section of each of the loans, it says "consumer disputes this account".
Can this at all adversely affect my credit score? Or credit decisions by creditors?
I know you'll think this is a dumb question--I'm just trying to track down why I get erroneous negative statements connected with my credit score under the Key Factors that adversely affected your credit score section.
05-13-2013 05:53 PM
While a dispute in some instances hurt your FICO, in the case of a loan the dispute comment will not hurt. FICO will ignore certain aspects of OC accounts only during a dispute. These include the payment history, the balance, and the CL (in the case of a CC).
Some creditors have been known to deny credit if they see disputed accounts. This mostly happens among mortgage lenders. Many mortgage lenders will deny a loan if they see disputed accounts.
05-13-2013 06:08 PM - edited 05-13-2013 06:08 PM
Sorry, wasn't clear -- I disputed these 2-3 years ago. The dispute is over, but in the comments of the accounts. it says the consumer disputes this account.
Does this have any effect whatsoever?
05-14-2013 03:34 AM
I do not beilieve that is hurting your score. I have that in the comment section of one of my accounts. My Fico scores are all over 760.
05-17-2013 03:14 PM
If we see a red flag under our FICO score order it is still counting against us on FICO scores? When I apped for a loan I was told that the disputes would not hurt me in the process due to the account being almost 7 years old. The account did update to a different status but still has a "the consumer disputes" comment. If you read these boards too long you will go a bit bonkers wondering if you have done the right thing when going throughout the entire process of rebuilding.
05-17-2013 03:22 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.