topic Re: Score dropped because of a dispute?? HELP!! in Rebuilding Your Credit

Score dropped because of a dispute?? UPDATE

Anonymous — Sun, 18 Apr 2010 21:27:27 GMT

I disputed the below account because it should be listed as "IIB" and not a "charge off-bad debt" and I just got a Score Alert with the below information. I don't understand...my score dropped 16pts! Can someone explain why my score would drop because of a dispute? When the investigation is completed will by score go back up?

Account opened: 3/2004
Description: Consumer disputes - reinvestigation in process
Charge off account
Fixed rate

	Previously reported	Newly reported
Balance:	$4,831	$4,831
Past due:	$6,550	$6,550
Status:	Bad Debt; Placed for collection;	Bad Debt; Placed for collection;
Last activity:	5/1/2004	5/1/2004
High credit:	$4,831	Not Reported
Description:	Charge off account Amount in high credit is original charge-off amount Fixed rate	Consumer disputes - reinvestigation in process Charge off account Fixed rate

Re: Score dropped because of a dispute?? HELP!!

Anonymous — Tue, 23 Mar 2010 17:24:37 GMT

Whoa. I literally just made the exact same post!

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Investigation-Score-Drop/td-p/653704

Re: Score dropped because of a dispute?? HELP!!

Anonymous — Tue, 23 Mar 2010 17:53:31 GMT

@Anonymous wrote:
Whoa. I literally just made the exact same post!

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Investigation-Score-Drop/td-p/653704

Wow! Hopefully we will get some feedback on this because I wanted to cry when I saw my score dropped 16 pts.

Re: Score dropped because of a dispute?? HELP!!

Anonymous — Tue, 23 Mar 2010 17:57:12 GMT

You lose points because the balance and credit limit are removed during a dispute.

Re: Score dropped because of a dispute?? HELP!!

Anonymous — Tue, 23 Mar 2010 18:25:15 GMT

Thank you, guiness. Mystery solved.

Re: Score dropped because of a dispute?? HELP!!

Anonymous — Tue, 23 Mar 2010 20:09:56 GMT

@Anonymous wrote:
You lose points because the balance and credit limit are removed during a dispute.

Thanks guiness! Even though this is a charge off is the balance counting toward my uti?

Re: Score dropped because of a dispute?? HELP!!

Anonymous — Tue, 23 Mar 2010 21:05:40 GMT

If it is a CO that is still owned by the OC, yes it does. If it is not owned by them it should show a 0 balance.

If they do not own it and it is still reporting a balance, yes it is counting toward your utilization but, it needs to be reported as 0.

Re: Score dropped because of a dispute?? HELP!!

tray — Wed, 24 Mar 2010 00:43:16 GMT

All I can tell you is everytime" dispute by consumer meets FCRA requirements" was on any of my credit reports my cs always tanked especially on my TU report as soon as these comments were removed then my score went back up, so I believe no matter what those words are deadly on a credit report.

Re: Score dropped because of a dispute?? HELP!!

Anonymous — Wed, 24 Mar 2010 01:35:21 GMT

I too have recently experienced this nightmare of losing points just when I was starting to creep up in the 680's. Three weeks ago, I disputed 5 old paid collection acts on my EQ and EX report that were still showing as unpaid CO. So the next thing I knew, my score had TANKED from 684 to 637 WHOA, almost 50 points only on EQ and I assumed that it cost me 10 puts per dispute. My TU actually increased from 669 to 697 (3/1). I was told by a MY FICO CSR that the disputes did in-fact contribute to the lowering of my score and the hit was so big because they all got posted at the same time basically. MY FICO CSR also stated that once the dispute was over (30-45 days), I should see my score go back up, however I doubt that I will get all of my points back that were lowered from the dispute.

Sorry to hear someone else, or a few of us are in the same boat. I guess it's only a temporary score ding!

Re: Score dropped because of a dispute?? HELP!!

AndySoCal — Wed, 24 Mar 2010 02:16:46 GMT

A slight correction when an account is in dispute it is not included in the FICO score calculation.

Re: Score dropped because of a dispute?? HELP!!

Anonymous — Wed, 24 Mar 2010 16:17:50 GMT

@AndySoCal wrote:
A slight correction when an account is in dispute it is not included in the FICO score calculation.

What are you referring to?

Re: Score dropped because of a dispute?? HELP!! UPDATE

Anonymous — Sun, 18 Apr 2010 21:24:58 GMT

Update....I got my 16 pts back plus 10 more pts!! The account that I disputed was totally removed from my CR instead of just the account status being updated to IIB. Also I was removed as an AU on one of my husbands CC that had a high util. Not sure which one helped with my point increase...maybe a combination of both? Thanks for everyones help and advice!! I love this forum!!

topic Re: Score dropped because of a dispute?? HELP!! in Rebuilding Your Credit

Score dropped because of a dispute?? **UPDATE**

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!!

Re: Score dropped because of a dispute?? HELP!! *UPDATE*

Score dropped because of a dispute?? UPDATE

Re: Score dropped because of a dispute?? HELP!! UPDATE