topic Re: I have a dumb question in Rebuilding Your Credit https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/I-have-a-dumb-question/m-p/928280#M140047 <BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/464032">@MYFICOisWACKO2</a> wrote:<BR /><P>When doing a DV to&nbsp;a CA or OC why is it that we are encouraged to DV the CA&nbsp;or OC vs. filing the dispute with the CRA's?&nbsp; This is where we end up anyhow right?&nbsp; Someone please explain this step it almost sounds like a criticle piece of the puzzle.</P><P>&nbsp;</P><P>TIA!&nbsp;</P><HR /></BLOCKQUOTE><P>No question is dumb. None of us have all the answers.</P><P>&nbsp;</P><P>First of all you only DV a CA and never an OC.</P><P>&nbsp;</P><P>Second disputing can have unintended consequences:</P><P>&nbsp;</P><UL><LI><STRONG>Disputing can drop your score if the baddie was old and gets verified. The DOLA can change and FICO will read it as a newer baddie. (This doesn't apply to collections).</STRONG></LI><LI><STRONG>Disputing can result in accurate lates being added, if an account is verified or updates, when there were none before.</STRONG></LI><LI><STRONG>Disputing can lead to a fraud alert.</STRONG></LI><LI><STRONG>Disputing could lead to a score drop if a disputed account is removed and that account's age helped more than the baddie was hurting.</STRONG></LI><LI><STRONG>Disputing more than once can lead to a frivolous disputer charge by the CRAs.</STRONG></LI><LI><STRONG>Disputing does lead to increased collection activity, including potential lawsuits if within SOL.</STRONG></LI><LI><STRONG>IMO, disputing makes it tougher to remove a baddie in the future.</STRONG></LI><LI><STRONG>Disputing can lead to a split file with the CRA.</STRONG></LI><LI><STRONG>Some mortgage lenders will frown on or deny a loan if an account is in dispute.</STRONG></LI></UL><P>&nbsp;</P><P>&nbsp;</P><P>From a BK years ago to:<BR />EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782<BR /><BR />"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".</P><P>&nbsp;</P><P><BR />&nbsp;</P> Wed, 25 May 2011 04:37:11 GMT Anonymous 2011-05-25T04:37:11Z I have a dumb question https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/I-have-a-dumb-question/m-p/928240#M140042 <P>When doing a DV to&nbsp;a CA or OC why is it that we are encouraged to DV the CA&nbsp;or OC vs. filing the dispute with the CRA's?&nbsp; This is where we end up anyhow right?&nbsp; Someone please explain this step it almost sounds like a criticle piece of the puzzle.</P><P>&nbsp;</P><P>TIA!&nbsp;</P> Wed, 25 May 2011 04:06:51 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/I-have-a-dumb-question/m-p/928240#M140042 MYFICOisWACKO2 2011-05-25T04:06:51Z Re: I have a dumb question https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/I-have-a-dumb-question/m-p/928280#M140047 <BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/464032">@MYFICOisWACKO2</a> wrote:<BR /><P>When doing a DV to&nbsp;a CA or OC why is it that we are encouraged to DV the CA&nbsp;or OC vs. filing the dispute with the CRA's?&nbsp; This is where we end up anyhow right?&nbsp; Someone please explain this step it almost sounds like a criticle piece of the puzzle.</P><P>&nbsp;</P><P>TIA!&nbsp;</P><HR /></BLOCKQUOTE><P>No question is dumb. None of us have all the answers.</P><P>&nbsp;</P><P>First of all you only DV a CA and never an OC.</P><P>&nbsp;</P><P>Second disputing can have unintended consequences:</P><P>&nbsp;</P><UL><LI><STRONG>Disputing can drop your score if the baddie was old and gets verified. The DOLA can change and FICO will read it as a newer baddie. (This doesn't apply to collections).</STRONG></LI><LI><STRONG>Disputing can result in accurate lates being added, if an account is verified or updates, when there were none before.</STRONG></LI><LI><STRONG>Disputing can lead to a fraud alert.</STRONG></LI><LI><STRONG>Disputing could lead to a score drop if a disputed account is removed and that account's age helped more than the baddie was hurting.</STRONG></LI><LI><STRONG>Disputing more than once can lead to a frivolous disputer charge by the CRAs.</STRONG></LI><LI><STRONG>Disputing does lead to increased collection activity, including potential lawsuits if within SOL.</STRONG></LI><LI><STRONG>IMO, disputing makes it tougher to remove a baddie in the future.</STRONG></LI><LI><STRONG>Disputing can lead to a split file with the CRA.</STRONG></LI><LI><STRONG>Some mortgage lenders will frown on or deny a loan if an account is in dispute.</STRONG></LI></UL><P>&nbsp;</P><P>&nbsp;</P><P>From a BK years ago to:<BR />EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782<BR /><BR />"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".</P><P>&nbsp;</P><P><BR />&nbsp;</P> Wed, 25 May 2011 04:37:11 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/I-have-a-dumb-question/m-p/928280#M140047 Anonymous 2011-05-25T04:37:11Z Re: I have a dumb question https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/I-have-a-dumb-question/m-p/928284#M140048 <P>Thank you for that MarineVV.&nbsp; And guess what??? Didnt double post this one <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /> That clears that RIGHT UP for me!</P><P>&nbsp;</P><P>Thanks again my friend!</P> Wed, 25 May 2011 04:47:31 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/I-have-a-dumb-question/m-p/928284#M140048 MYFICOisWACKO2 2011-05-25T04:47:31Z