Does "account in dispute by consumer" in the comments section matter?

[Anonymous]

-I wonder. Anyone know?

[RobertEG]

It means an FCRA dispute has been filed and is pending resolution.

While a dispute is pending, FICO temporarily excludes certain information from your credit file/report from scoring, making your score essentially useless until the dispute is resolved.  Many complain that the dispute code is not timely removed by the CRA once a dispute is resolved, so it is important to ensure its timely removal once you receive notice of determination of dispute results.

[IOBA]

RobertEG - not trying to hijack this thread, but I do have a related question.

The subscriber put the "consumer disputes" comment on the CR.  

The CR has it as "Subscriber says consumer disputes".  

In this case, is the account excluded from FICO score?

[RobertEG]

That means that the furnisher reported the filing of a direct dispute with them as opposed to filing of the dispute through the CRA.

Never having filed a direct dispute myself, I have no first-hand experience in scoring effects.  However, since direct disputes are just a new form of FCRA dispute, I would suspect they are handled the same by FICO. 

Maybe someone who has filed a direct dispute can advise on how its reporting to the CRA affected their score.....

[Anonymous]

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@RobertEG wrote:

It means an FCRA dispute has been filed and is pending resolution.

While a dispute is pending, FICO temporarily excludes certain information from your credit file/report from scoring, making your score essentially useless until the dispute is resolved.  Many complain that the dispute code is not timely removed by the CRA once a dispute is resolved, so it is important to ensure its timely removal once you receive notice of determination of dispute results.

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Thank you sir. I will be sure to see that it is removed once the results are in.

[IOBA]

RobertEG - in my case, there was a direct dispute with the CA.   The CA never furnished one piece of paper.   Just did a lot of blah, blah, prove it, blah, blah, blah over the phone.   To date, there still hasn't been a dunning notice.  (The "debt" was paid to the OC about a year before the CA put it on the CR.  The CA never received a dime.   They claimed they had every right to report the debt owed to the OC, even thought it was done after it was paid.)   A dunning notice would be moot anyways since the CA never had a debt to collect.

The CA refuses to remove the collection from the credit report and refuses to provide documentation proving they had a right to report the PAID bill.

There was also a dispute with the CB.   They came back as "verified" with two out of three CB.   The third CB agreed it was not a legit thing and dumbed it.  (It still shows on the CR but not as a collection.)   The one CB that "verified" it AND the subscriber noted the account as disputed is the ONLY account that has been negatively affected (credit score wise) by the account.

Advise?