topic Re: Dispute or Not to Dispute?? That is the question... in General Credit Topics

Dispute or Not to Dispute?? That is the question...

bgr30 — Sun, 30 Apr 2017 12:28:03 GMT

Hey everyone, I am looking for some opinions. Should I try to dispute a 30 day late from Bank of America that was reported in August 2010? The date of last payment on the account was Jan 2012, closed in July 2012 and last reported to the credit agencies in July 2012.

Re: Dispute or Not to Dispute?? That is the question...

Anonymous — Sun, 30 Apr 2017 12:42:20 GMT

Were you late...is it a legit late payment...? Are you referring to the fact that it has been almost 7 years...?

Re: Dispute or Not to Dispute?? That is the question...

bgr30 — Sun, 30 Apr 2017 12:46:06 GMT

I don't ever remember missing a payment but then again that was almost 7 years ago. Just curious if is even worth trying to dispute at this point since 7 years is coming up in a couple months.

Re: Dispute or Not to Dispute?? That is the question...

Anonymous — Sun, 30 Apr 2017 12:49:37 GMT

I think that if you are not presently shopping for a home, go ahead and dispute it. It wouldn't hurt....especially if you don't remember ever making a late payment or just wait until it falls off. No sure how much it os effecting your score. You haven't posted any details here about your current credit profile...

Re: Dispute or Not to Dispute?? That is the question...

bgr30 — Sun, 30 Apr 2017 12:53:55 GMT

Already own a home and have two cars so right now there is no need to apply for anything big. What info do I need to provide on my profile? My credit score currently is around 610 but that is due to some high CC utilization that is currently being paid down by $3,000/month so all my balances are dropping rapidily.

Re: Dispute or Not to Dispute?? That is the question...

Anonymous — Sun, 30 Apr 2017 19:47:59 GMT

I would not. It so old should be dropping off soon, 7 years this Summer?

Re: Dispute or Not to Dispute?? That is the question...

Anonymous — Sun, 30 Apr 2017 20:04:05 GMT

I called my CU to ask them to remove a 60 day from 6.5 years ago. I realize it would fall off soon, but I wanted to just finally remove it. The rep said to dispute it and I did it for TU via CreditKarma with the reason 'creditor promised to remove', or something similar. He said when they get the dispute, they'll review and should be able to remove it.

Re: Dispute or Not to Dispute?? That is the question...

bgr30 — Sun, 30 Apr 2017 20:21:59 GMT

Should it fall off in August? or is it 7 years from the last payment?

Re: Dispute or Not to Dispute?? That is the question...

Anonymous — Sun, 30 Apr 2017 21:04:52 GMT

AFAIK it should be 7 years from the last reported deliquent payment

Re: Dispute or Not to Dispute?? That is the question...

medicgrrl — Sun, 30 Apr 2017 21:05:20 GMT

7 years from the late payment. You could ask the credit bureaus to remove it early if it's necessary, otherwise you'll see it drop off in the next few months.

Re: Dispute or Not to Dispute?? That is the question...

bgr30 — Mon, 01 May 2017 01:10:27 GMT

Thank you everyone. I think I will just wait a couple months to see if it falls off on its own. I appreciate that fast responses and assistance.

Re: Dispute or Not to Dispute?? That is the question...

Revelate — Mon, 01 May 2017 01:54:16 GMT

Disputes can have negative consequences: if something is coming off in short order unless you really need it off right now (and I'd argue unless you're planning for a mortgage before it falls off, you don't in the current market).

I disputed a tax lien on Transunion, and it was originally scheduled to fall off 10/2017, but then TU got more complete information from the State of California, and now it's scheduled for 11/2018 removal unless I get lucky with NCAP.

Disputes aren't free, and they can go poorly; while my case is just one one cautionary tale sometimes poking the bear is not the recommended solution.

Re: Dispute or Not to Dispute?? That is the question...

EW800 — Mon, 01 May 2017 02:01:29 GMT

Revelate, wow that is sad/sickening about the fall off date getting extended by more than a year. I'd be sick....
I agree about bei careful with disputes. I've never done a dispute of any item, however I had a GW letter to Citi backfire a couple of years ago. They put the "consumer disagrees..." comment on there, which took a long time to get taken off. Getting the drop off date extended is much worse.
Very sorry.

Re: Dispute or Not to Dispute?? That is the question...

Revelate — Mon, 01 May 2017 02:22:19 GMT

@EW800 wrote:
Revelate, wow that is sad/sickening about the fall off date getting extended by more than a year. I'd be sick....
I agree about bei careful with disputes. I've never done a dispute of any item, however I had a GW letter to Citi backfire a couple of years ago. They put the "consumer disagrees..." comment on there, which took a long time to get taken off. Getting the drop off date extended is much worse.
Very sorry.

Was my own fault for not leaving well enough alone; I'd sort of assumed it was free and clear to take a flier to get it airstruck now, but the Cali loan on TU was in some wierd Paid state... and it updated via the dispute to the correct released state, and then based on TU's policies of 7 years since released, the date got extended.

Was a FML moment to be sure, but it's Transunion which I care nearly nothing about anyway as I have to go way out of my way to get anyone to pull TU, and even 2/3 clean is just fine for a mortgage here in the US so it's not a huge deal in the long run.

Maybe NCAP throws me a bone heh, FICO Gods owe me something right?!?!?

Re: Dispute or Not to Dispute?? That is the question...

loyalsudz — Mon, 01 May 2017 14:16:03 GMT

I am glad I ran across this information. I have 3 separate 30 days late from August 2010. My scores are improving but I would love to see the 800s but I rather not risk EE based on these cautionary tales. These the last of the baddies but I think I will just wait since, I am not looking to buy anything right now with the exception of maybe a car if my beater tanks, which I hope will not be anytime soon.