topic Re: does disputing a credit bureau hide the latepayment? in General Credit Topics

does disputing a credit bureau hide the latepayment?

myfarouco — Mon, 23 Sep 2024 21:02:33 GMT

say u applying for credit card they pull expirian and equifax , but u have latepayment on equifax . u dispute the bureau about that late payment , the bank pulls both. the see experian is good , what about equifax file, do they see the latepayment ? or they just see its in dispute?

Re: does disputing a credit bureau hide the latepayment?

Yoshi1981 — Mon, 23 Sep 2024 21:49:27 GMT

@myfarouco wrote:
say u applying for credit card they pull expirian and equifax , but u have latepayment on equifax . u dispute the bureau about that late payment , the bank pulls both. the see experian is good , what about equifax file, do they see the latepayment ? or they just see its in dispute?

@myfarouco Unless the dispute process was already resolved with a removal of the late payment it remains visible on your file.

Re: does disputing a credit bureau hide the latepayment?

Anonymous — Mon, 23 Sep 2024 22:34:15 GMT

@Yoshi1981 wrote:
@myfarouco wrote:
say u applying for credit card they pull expirian and equifax , but u have latepayment on equifax . u dispute the bureau about that late payment , the bank pulls both. the see experian is good , what about equifax file, do they see the latepayment ? or they just see its in dispute?
@myfarouco Unless the dispute process was already resolved with a removal of the late payment it remains visible on your file.

I guess another question is whether the disputed late payment is scored as late

Re: does disputing a credit bureau hide the latepayment?

CreditPoor — Mon, 23 Sep 2024 22:48:02 GMT

It does not remove the late payment from your report during the dispute process. It will mark the item as under dispute but will show on the report if your credit is pulled. If the dispute is successful then it will be deleted but until then it's there to stay

Additionally, it is scored while under dispute. The initiation of the dispute will only mark it as under dispute.

Re: does disputing a credit bureau hide the latepayment?

Yoshi1981 — Mon, 23 Sep 2024 22:46:47 GMT

@Anonymous wrote:
@Yoshi1981 wrote:
@myfarouco wrote:
say u applying for credit card they pull expirian and equifax , but u have latepayment on equifax . u dispute the bureau about that late payment , the bank pulls both. the see experian is good , what about equifax file, do they see the latepayment ? or they just see its in dispute?
@myfarouco Unless the dispute process was already resolved with a removal of the late payment it remains visible on your file.
I guess another question is whether the disputed late payment is scored as late

@Anonymous How does one verify this? I have 5 lates from 2018 but not sure if they are factored into my score at this point. Definitely still visible though as the account isn't scheduled to drop off until Feb 2025.

Re: does disputing a credit bureau hide the latepayment?

CreditPoor — Mon, 23 Sep 2024 22:49:11 GMT

If it's visible it's being scored and credit issuers can see it.

Re: does disputing a credit bureau hide the latepayment?

Yoshi1981 — Mon, 23 Sep 2024 22:51:17 GMT

@CreditPoor wrote:
If it's visible it's being scored and credit issuers can see it.

@CreditPoor I assumed as much, thanks so much for the confirmation.

Re: does disputing a credit bureau hide the latepayment?

FlaDude — Tue, 24 Sep 2024 16:48:17 GMT

@Yoshi1981 wrote:
@Anonymous How does one verify this? I have 5 lates from 2018 but not sure if they are factored into my score at this point. Definitely still visible though as the account isn't scheduled to drop off until Feb 2025.

You can see if any score reason codes include delinquent payments, but the true way to find out is to wait after the last one drops off and see if you score goes up. I had a single 30 day late and while its impact did lessen over time, it still impacted my score until the very end when it dropped.

Re: does disputing a credit bureau hide the latepayment?

Snook_on_the_Line — Tue, 24 Sep 2024 19:12:47 GMT

If they are set to drop off in feb you could try disputing as too old to report and hope for the best.

Experian is known to remove negatives 3 months early.

I personally have had a collection removed from exp 6 months early thru online dispute.

Re: does disputing a credit bureau hide the latepayment?

Thomas_Thumb — Wed, 25 Sep 2024 00:32:10 GMT

@Yoshi1981 wrote:
@Anonymous wrote:
@Yoshi1981 wrote:
@myfarouco wrote:
say u applying for credit card they pull expirian and equifax , but u have latepayment on equifax . u dispute the bureau about that late payment , the bank pulls both. the see experian is good , what about equifax file, do they see the latepayment ? or they just see its in dispute?
@myfarouco Unless the dispute process was already resolved with a removal of the late payment it remains visible on your file.
I guess another question is whether the disputed late payment is scored as late
@Anonymous How does one verify this? I have 5 lates from 2018 but not sure if they are factored into my score at this point. Definitely still visible though as the account isn't scheduled to drop off until Feb 2025.

HPs, while in dispute, don't affect credit score. Dispute review typically is decided within 30 days. After the dispute is complete, the HP will count against you if the ruling is not in your favor.

The same applies for late payments in dispute. If the dispute process is complete and the late still shows, it will count against you.

If a HP dispute is successful, the HP gets reclassed as a SP so it won't affect score even though it remains on the CRA report. In contrast, a successful late dispute should result in its removal from the report. A late still on the report after the dispute is closed indicates the challenge was not upheld.

Re: does disputing a credit bureau hide the latepayment?

AndySoCal — Wed, 25 Sep 2024 02:42:10 GMT

@myfarouco Yes the late payment will show on the credit report. As the FICO score is concerned the account that is disputed if for the most part neutralized on both sides of the coin. When an account is in dispute the score go up or down while the account is in dispute. After the account comes out of dispute the account is fully factored into the score again. The score now reflect the changes made while in dispute. FICO knows the account is in dispute but not what is disputed. Secondly even if it did know it cannot tell if the information that is being disputed who is correct the creditor or the filing the dispute hence why FICO basically nuetralized the disputed account.

Re: does disputing a credit bureau hide the latepayment?

myfarouco — Thu, 26 Sep 2024 17:20:36 GMT

bro don understand what u saying , i have one late payment on transunion , but it s not showing on the others , if i dispute transunion , will ficos go down or up?

Re: does disputing a credit bureau hide the latepayment?

AndySoCal — Thu, 26 Sep 2024 18:24:41 GMT

@myfarouco If you proof that the payment(s) were made when the late payment reported. Dispute it. If the late payment is removed on completion of the report you may see an increase depending if there is any other derogatory information on the credit report. If the late payment is not removed the date reported date on the account will be moved forward to the current month. Depending on when this account was last reported that might have negative affects on the score.