Senior Contributor
Posts: 4,003
Registered: ‎10-02-2012
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


Banking with Citi Bank & HSBC, Age: 21
No Credit Cards(Filed current CCs), No Mortgage, No Auto Loan. Starting Fresh.
Filed & Signed Chapter 7 Bankruptcy 03/29/16, 341 Meeting 05/03/16 (Done), Discharged --/--/--
Starting scores as of 03/30/16 EX FICO 452, EQ FICO 442, TU FICO 449
Current scores as of 04/27/16 EX FICO 455, EQ FICO 450, TU FICO 441, Gardening Since 01/01/16
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
Re: What does this mean?

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

Senior Contributor
Posts: 4,003
Registered: ‎10-02-2012
Re: What does this mean?

Okay thanks for you help.


Banking with Citi Bank & HSBC, Age: 21
No Credit Cards(Filed current CCs), No Mortgage, No Auto Loan. Starting Fresh.
Filed & Signed Chapter 7 Bankruptcy 03/29/16, 341 Meeting 05/03/16 (Done), Discharged --/--/--
Starting scores as of 03/30/16 EX FICO 452, EQ FICO 442, TU FICO 449
Current scores as of 04/27/16 EX FICO 455, EQ FICO 450, TU FICO 441, Gardening Since 01/01/16
Epic Contributor
Posts: 24,807
Registered: ‎03-19-2007
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.

Senior Contributor
Posts: 4,003
Registered: ‎10-02-2012
Re: What does this mean?

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


Banking with Citi Bank & HSBC, Age: 21
No Credit Cards(Filed current CCs), No Mortgage, No Auto Loan. Starting Fresh.
Filed & Signed Chapter 7 Bankruptcy 03/29/16, 341 Meeting 05/03/16 (Done), Discharged --/--/--
Starting scores as of 03/30/16 EX FICO 452, EQ FICO 442, TU FICO 449
Current scores as of 04/27/16 EX FICO 455, EQ FICO 450, TU FICO 441, Gardening Since 01/01/16