topic Re: Should I App While An Active Dispute Is Open? in Credit Cards

Should I App While An Active Dispute Is Open?

FicoTron — Tue, 27 Mar 2012 18:34:31 GMT

I called EX the other day to inquire about a tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my negs look worse if one is in dispute while applying, anyone want to chime on on this?

Re: Should I App While An Active Dispute Is Open?

tcbofade — Tue, 27 Mar 2012 15:18:28 GMT

While I understand your logic, I don't believe that one account being in dispute is going to affect Amex's decision one way or the other...

Re: Should I App While An Active Dispute Is Open?

pizzadude — Tue, 27 Mar 2012 15:22:45 GMT

I have applied for many different credit cards whilst having open disputes on my CRs ~ it has never been raised as an issue.

Re: Should I App While An Active Dispute Is Open?

Anonymous — Tue, 27 Mar 2012 15:29:04 GMT

@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?

Why not just wait 30-45 days for the dispute to be resolved?

Re: Should I App While An Active Dispute Is Open?

Anonymous — Tue, 27 Mar 2012 15:47:11 GMT

I don't see a problem with applying during a dispute unless the likelihood of the dispute coming back with negative information is high. For example, if you dispute a collection so that it is not factored into your credit score or account history and you are approved through an automated system, you better believe if that collection shows up on your reports after the dispute in 30-60 days that the creditor may, and will, take AA on your new account, up to and including closing your account. Also note that if you do this in such a way that you appear to be using credit bureau disputes to fraudulently obtain credit and you run up a balance on the new account, the creditor can sue you. That is one of the reason you should only dispute those items you believe in good faith to be inaccurate.

Re: Should I App While An Active Dispute Is Open?

LS2982 — Tue, 27 Mar 2012 15:48:45 GMT

@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?

I think you should be fine, I never had a problem with it.

Re: Should I App While An Active Dispute Is Open?

FicoTron — Tue, 27 Mar 2012 18:37:15 GMT

@Anonymous wrote:
@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?
Why not just wait 30-45 days for the dispute to be resolved?

Because my student loans are going to be reported again next month, since I deferred them for so long the balance is still high. I see Amex denying all the time for this. They are reported as transferred/closed right now.

Re: Should I App While An Active Dispute Is Open?

LS2982 — Tue, 27 Mar 2012 20:00:18 GMT

@FicoTron wrote:
@Anonymous wrote:
@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?
Why not just wait 30-45 days for the dispute to be resolved?
Because my student loans are going to be reported again next month, since I deferred them for so long the balance is still high. I see Amex denying all the time for this. They are reported as transferred/closed right now.

FicoTron................................Take that AMEX plunge!!!!!!!!!

Re: Should I App While An Active Dispute Is Open?

Anonymous — Tue, 27 Mar 2012 20:30:29 GMT

FicoTron, I have said it before and I'll say it again: do it! It's worth it to try now before all of that hits your record and if in the worst case scenario you don't get it, you'll be in a better position a year from now. Go for the gold, buddy. You can do it. Just don't forget to kick off from the starter block to get more of an advantage.

Re: Should I App While An Active Dispute Is Open?

Anonymous — Tue, 27 Mar 2012 21:33:08 GMT

@Anonymous wrote:
I don't see a problem with applying during a dispute unless the likelihood of the dispute coming back with negative information is high. For example, if you dispute a collection so that it is not factored into your credit score or account history and you are approved through an automated system, you better believe if that collection shows up on your reports after the dispute in 30-60 days that the creditor may, and will, take AA on your new account, up to and including closing your account. Also note that if you do this in such a way that you appear to be using credit bureau disputes to fraudulently obtain credit and you run up a balance on the new account, the creditor can sue you. That is one of the reason you should only dispute those items you believe in good faith to be inaccurate.

Just because a disputed collection isn't factored into a FICO score doesn't mean the lender doesn't see it when the review your CR for the app. In fact, I have a disputed collection from an old landlord that has been the sole reason for being denied a BofA credit card.

Re: Should I App While An Active Dispute Is Open?

FicoTron — Wed, 28 Mar 2012 05:26:52 GMT

@LS2982 wrote:
@FicoTron wrote:
@Anonymous wrote:
@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?
Why not just wait 30-45 days for the dispute to be resolved?
Because my student loans are going to be reported again next month, since I deferred them for so long the balance is still high. I see Amex denying all the time for this. They are reported as transferred/closed right now.
FicoTron................................Take that AMEX plunge!!!!!!!!!

Bro, I'm a calculating mother-fer. Factored in with my OCD about getting an Amex I am really stumped on weather or not to app before my loans start reporting again. I just wish these disputes weren't showing. I check every day hoping they are resolved so I can apply. Not to mention I don't know any of you people, so you may just be telling me to app just to see what happens.

Re: Should I App While An Active Dispute Is Open?

FicoTron — Thu, 29 Mar 2012 18:58:45 GMT

i find it hard to believe that noone thinks that this is a bad idea besides myself.

Re: Should I App While An Active Dispute Is Open?

LS2982 — Thu, 29 Mar 2012 19:03:00 GMT

@FicoTron wrote:
@LS2982 wrote:
@FicoTron wrote:
@Anonymous wrote:
@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?
Why not just wait 30-45 days for the dispute to be resolved?
Because my student loans are going to be reported again next month, since I deferred them for so long the balance is still high. I see Amex denying all the time for this. They are reported as transferred/closed right now.
FicoTron................................Take that AMEX plunge!!!!!!!!!
Bro, I'm a calculating mother-fer. Factored in with my OCD about getting an Amex I am really stumped on weather or not to app before my loans start reporting again. I just wish these disputes weren't showing. I check every day hoping they are resolved so I can apply. Not to mention I don't know any of you people, so you may just be telling me to app just to see what happens.

Thats kinda harsh..............

I would give you my advice to see you fail. I tell it like it is to anyone here. If I feel your good for it I say it, if not hold back.

AMEX is not going to hold disputed accounts against you, nor any other creditor. ANd if they ask, explain why its in dispute. Thats all.

If you want to hold off, hold off. But don't ask for member's opinions and then shoot them down when they tell you how they feel.

I mean the title of your thread is asking all of our opinions.....................

Re: Should I App While An Active Dispute Is Open?

FicoTron — Fri, 30 Mar 2012 20:59:29 GMT

@LS2982 wrote:
@FicoTron wrote:
@LS2982 wrote:
@FicoTron wrote:
@Anonymous wrote:
@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?
Why not just wait 30-45 days for the dispute to be resolved?
Because my student loans are going to be reported again next month, since I deferred them for so long the balance is still high. I see Amex denying all the time for this. They are reported as transferred/closed right now.
FicoTron................................Take that AMEX plunge!!!!!!!!!
Bro, I'm a calculating mother-fer. Factored in with my OCD about getting an Amex I am really stumped on weather or not to app before my loans start reporting again. I just wish these disputes weren't showing. I check every day hoping they are resolved so I can apply. Not to mention I don't know any of you people, so you may just be telling me to app just to see what happens.
Thats kinda harsh..............

I would give you my advice to see you fail. I tell it like it is to anyone here. If I feel your good for it I say it, if not hold back.

AMEX is not going to hold disputed accounts against you, nor any other creditor. ANd if they ask, explain why its in dispute. Thats all.

If you want to hold off, hold off. But don't ask for member's opinions and then shoot them down when they tell you how they feel.

I mean the title of your thread is asking all of our opinions.....................

I realize that, but it doesn't make everyones opinions correct. I know for a fact that disputes can throw a wrench in a home loan application. I don't see why it would be different for Amex, which is why I'm still seeing if someone has any other advice than just to go ahead and app.

Re: Should I App While An Active Dispute Is Open?

LS2982 — Fri, 30 Mar 2012 21:13:45 GMT

@FicoTron wrote:
@LS2982 wrote:
@FicoTron wrote:
@LS2982 wrote:
@FicoTron wrote:
@Anonymous wrote:
@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?
Why not just wait 30-45 days for the dispute to be resolved?
Because my student loans are going to be reported again next month, since I deferred them for so long the balance is still high. I see Amex denying all the time for this. They are reported as transferred/closed right now.
FicoTron................................Take that AMEX plunge!!!!!!!!!
Bro, I'm a calculating mother-fer. Factored in with my OCD about getting an Amex I am really stumped on weather or not to app before my loans start reporting again. I just wish these disputes weren't showing. I check every day hoping they are resolved so I can apply. Not to mention I don't know any of you people, so you may just be telling me to app just to see what happens.
Thats kinda harsh..............

I would give you my advice to see you fail. I tell it like it is to anyone here. If I feel your good for it I say it, if not hold back.

AMEX is not going to hold disputed accounts against you, nor any other creditor. ANd if they ask, explain why its in dispute. Thats all.

If you want to hold off, hold off. But don't ask for member's opinions and then shoot them down when they tell you how they feel.

I mean the title of your thread is asking all of our opinions.....................
I realize that, but it doesn't make everyones opinions correct. I know for a fact that disputes can throw a wrench in a home loan application. I don't see why it would be different for Amex, which is why I'm still seeing if someone has any other advice than just to go ahead and app.

It's your world...........................