topic Re: given credit increase while having disputed item in Credit Cards

given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 19:34:23 GMT

In August I disputed 2 items in my credit report. It was resolved but not changed in Sept, but the 'customer disputes...' memo is still on my report even as of today 1 Nov. During that time my scores have also increased 75+ points, I'm guessing because the disputed items were (are) ignored.

That being said, my question: I was just given a huge credit increase (8x the old limit) which puts me into the 5 figure area. How is this possible?

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 19:37:06 GMT

@Anonymous wrote:
In August I disputed 2 items in my credit report. It was resolved but not changed in Sept, but the 'customer disputes...' memo is still on my report even as of today 1 Nov. During that time my scores have also increased 75+ points, I'm guessing because the disputed items were (are) ignored.

That being said, my question: I was just given a huge credit increase (8x the old limit) which puts me into the 5 figure area. How is this possible?

Was it a manual review or a computer increase? A computer tends to overlook that unless it's specifically programmed to look for disputed items.

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 20:37:21 GMT

Computer increase.

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 20:38:06 GMT

I guess a follow up question: if the score changes again (e.g. decreases) when/if the dispute stuff drops off, does that often trigger a credit limit decrease thereafter?

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 20:39:17 GMT

@Anonymous wrote:
I guess a follow up question: if the score changes again (e.g. decreases) when/if the dispute stuff drops off, does that often trigger a credit limit decrease thereafter?

Not usually but high utilization will.

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 20:46:28 GMT

This is simply a notation, showing that you have disputed this account. It doesn't affect your score. You could have them add "I like bunnies and clowns" and it wouldn't change anything. Your score doesn't see it, but it could raise questions on manual review.

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 20:48:16 GMT

@Anonymous wrote:
This is simply a notation, showing that you have disputed this account. It doesn't affect your score. You could have them add "I like bunnies and clowns" and it wouldn't change anything. Your score doesn't see it, but it could raise questions on manual review.

I like that

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 21:18:57 GMT

Hmm. The score increase happened shortly after the dispute, but you're saying that the disputed items wouldn't affect the score?

Re: given credit increase while having disputed item

MarineVietVet — Sat, 01 Nov 2014 21:55:30 GMT

@Anonymous wrote:
Hmm. The score increase happened shortly after the dispute, but you're saying that the disputed items wouldn't affect the score?

Welcome to the forums.

Disputes can definitely affect your score.

Portions of an OC account under dispute will not be scored by FICO. Among these are the balance, the CL, and the payment history. Other items like AAoA, scoring bucket, credit mix, account age, etc. including CA's and PR's are not removed or impacted by a dispute.

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 22:08:23 GMT

Thanks for all the replies. So basically as I understand it, the dispute being for payment history basically now has bumped my score somewhat artificially, and in the interim my CL was increased a ton. Should I expect the reverse if/when the 'disputes info' bit drops off? And, is that removal automatic? It's now been since August since this started.

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 22:09:47 GMT

@Anonymous wrote:
Thanks for all the replies. So basically as I understand it, the dispute being for payment history basically now has bumped my score somewhat artificially, and in the interim my CL was increased a ton. Should I expect the reverse if/when the 'disputes info' bit drops off? And, is that removal automatic? It's now been since August since this started.

Do you mean, if the fact you disputed it will erase?

Re: given credit increase while having disputed item

MarineVietVet — Sat, 01 Nov 2014 22:11:34 GMT

@Anonymous wrote:
Thanks for all the replies. So basically as I understand it, the dispute being for payment history basically now has bumped my score somewhat artificially, and in the interim my CL was increased a ton. Should I expect the reverse if/when the 'disputes info' bit drops off? And, is that removal automatic? It's now been since August since this started.

Only time will tell exactly what happens when the dispute process is over.

Be sure and let us know.

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 22:12:46 GMT

Sorry, what I mean is: now that I've been given this CL increase, will that end up being decreased automatically also if the 'customer disputes info' note drops off the report, causing presumably a score drop (since its presence is artificailly inflating the score)?

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 22:13:51 GMT

Well, the dispute was 'resolved' in September. What else should/will happen with a dispute?

Re: given credit increase while having disputed item

Anonymous — Sat, 01 Nov 2014 22:14:44 GMT

@Anonymous wrote:
Sorry, what I mean is: now that I've been given this CL increase, will that end up being decreased automatically also if the 'customer disputes info' note drops off the report, causing presumably a score drop (since its presence is artificailly inflating the score)?

Heck no. Only will they Decrease your limit if they see a MASSIVE drop-off like say 700 to 530 in a short period of time and a few defaults/lates and or suddenly very high utilization several months in a row.

Re: given credit increase while having disputed item

CreditCuriosity — Sat, 01 Nov 2014 22:21:47 GMT

I have a charged off business credit card with Cap1 that is unpaid 4 years old and still getting increases with my other two cap1 credit cards. I am ultimately responible for the acocunt, but will just let it pass the SOL and some of these increases have been manual review with Cap1 as well.. Go figure. Cap1 is pretty damn forgiving. I would pay it off if they would do a PFD, but they arent budging on that nor am I.. So it will remain till it falls off.

I also dispute this every month hoping they will fold.. What merit, not much, but hey I can try. If they would be willing to remove it I would pay, but at this point it would hurt me if I paid it... So won't happen unless PFD. After 7.5 years I will as it wont impact me and it is the right thing to do.

Re: given credit increase while having disputed item

MarineVietVet — Sat, 01 Nov 2014 22:27:05 GMT

@Anonymous wrote:
Sorry, what I mean is: now that I've been given this CL increase, will that end up being decreased automatically also if the 'customer disputes info' note drops off the report, causing presumably a score drop (since its presence is artificailly inflating the score)?

I misunderstood what you wrote. I thought the dispute was ongoing. Sorry about that.

I agree with Nixon. It looks like the CLI is permanent.

Re: given credit increase while having disputed item

Anonymous — Sun, 02 Nov 2014 05:56:47 GMT

You stated the dispute was over in September. Either the dispute changed something about the history, it something else happened (baddie got older? ) that gave your a score rise.

The consumer disputes notation is simply a text comment. It will not go away and it will not change your score.

Re: given credit increase while having disputed item

Anonymous — Sun, 02 Nov 2014 06:08:54 GMT

Well, I opened the dispute in August, and they gave me an update in late Sept. that said "your investigation is complete" and looks like they haven't removed any of the disputed items. How do I know if it's officially "closed" per se? It's with Transunion via their online tool. When I log in, it shows AID for Aug, Sept, and Oct on the relevant records, as well as customer disputes information.

Re: given credit increase while having disputed item

Anonymous — Sun, 02 Nov 2014 08:42:43 GMT

Ah, one more thing that's confusing... The scores only jumped starting in late September, which is right around when TU told me the dispute was ended. But again, they didn't remove anything that I can tell. So weird. The last negative item was 4 years ago, and they said it's slated to drop in Nov 2016. So who knows...