TRANS UNION IS THE DEVIL & Don't dispute it either
07-28-2009 07:43 AM
I have become the victim of a new wrinkle in the credit world and the blind faith lenders place in these incredibly inaccurate companies. Everyone know credit scores get you approved for a mortgage, however now having an account "in dispute" causes doubt (their lingo - not included in the scoring model) and will disqualify you for a mortgage. Now the catch - The "disputes" were legitimate disputes in the past (wrong address, wrong type of account, etc) All of the disputes had been resolved and closed but a comment is added to the account which states "consumer disputes this information". Sounds easy enough to get corrected - call and tell them that you do not dispute it and should come right off. Experian - yes. Equifax - yes. Trans Union - "hello this costumer rep x and I am not capable of changing any information but if you would like to open up a dispute (yes to dispute the fact that I have a comment saying I dispute the information) we can investigate". Anyone w/ a brain can see this would then make the argument true. Work around - I obtained a letter from the creditor stating that I do not dispute the info and have faxed it to Trans Union. Who knows if and when it will get corrected. I can tell you my home loan which was initially approved did not close because of this. So now you can not even dispute information. I am furious and can not understand why we all are held hostage to a system that thwarts common sense at every turn.