Should I App While An Active Dispute Is Open?

[FicoTron]

I called EX the other day to inquire about a tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my negs look worse if one is in dispute while applying, anyone want to chime on on this?

[tcbofade]

While I understand your logic, I don't believe that one account being in dispute is going to affect Amex's decision one way or the other...

[pizzadude]

I have applied for many different credit cards whilst having open disputes on my CRs ~ it has never been raised as an issue.

[Anonymous]

---

@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?

---

Why not just wait 30-45 days for the dispute to be resolved?

[Anonymous]

I don't see a problem with applying during a dispute unless the likelihood of the dispute coming back with negative information is high.  For example, if you dispute a collection so that it is not factored into your credit score or account history and you are approved through an automated system, you better believe if that collection shows up on your reports after the dispute in 30-60 days that the creditor may, and will, take AA on your new account, up to and including closing your account.  Also note that if you do this in such a way that you appear to be using credit bureau disputes to fraudulently obtain credit and you run up a balance on the new account, the creditor can sue you.  That is one of the reason you should only dispute those items you believe in good faith to be inaccurate.

[LS2982]

---

@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?

---

I think you should be fine, I never had a problem with it.

[FicoTron]

---

@Anonymous wrote:

---

@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?

---

Why not just wait 30-45 days for the dispute to be resolved?

---

Because my student loans are going to be reported again next month, since I deferred them for so long the balance is still high. I see Amex denying all the time for this. They are reported as transferred/closed right now.

[LS2982]

---

@FicoTron wrote:

---

@Anonymous wrote:

---

@FicoTron wrote:
I called EX the other day to inquireabouta tradeline and the rep basically thought I wanted to dispute, so I went ahead and did it. This is also the same time that I want to apply for an Amex Gold. I feel like it will only make my nets look worse if one is in dispute while applying, anyone want to chime on on this?

---

Why not just wait 30-45 days for the dispute to be resolved?

---

Because my student loans are going to be reported again next month, since I deferred them for so long the balance is still high. I see Amex denying all the time for this. They are reported as transferred/closed right now.

---

FicoTron................................Take that AMEX plunge!!!!!!!!!

[Anonymous]

FicoTron, I have said it before and I'll say it again: do it!  It's worth it to try now before all of that hits your record and if in the worst case scenario you don't get it, you'll be in a better position a year from now.  Go for the gold, buddy.  You can do it.  Just don't forget to kick off from the starter block to get more of an advantage. 

[Anonymous]

---

@Anonymous wrote:

I don't see a problem with applying during a dispute unless the likelihood of the dispute coming back with negative information is high.  For example, if you dispute a collection so that it is not factored into your credit score or account history and you are approved through an automated system, you better believe if that collection shows up on your reports after the dispute in 30-60 days that the creditor may, and will, take AA on your new account, up to and including closing your account.  Also note that if you do this in such a way that you appear to be using credit bureau disputes to fraudulently obtain credit and you run up a balance on the new account, the creditor can sue you.  That is one of the reason you should only dispute those items you believe in good faith to be inaccurate.

---

Just because a disputed collection isn't factored into a FICO score doesn't mean the lender doesn't see it when the review your CR for the app. In fact, I have a disputed collection from an old landlord that has been the sole reason for being denied a BofA credit card.