OK, here's the deal: unless you're disputing a collection or judgment, the entire TL is removed from scoring during the dispute. Surprising as it might seem, these accounts are often helping more than they are hurting.
This can happen if it's an older account, and the length of history is important, or if you needed a certain number of tradelines reporting, etc.
So remember, when you dispute, it's not just the derogatory reporting that goes into temporary limbo, it's the entire account, good, bad, and indifferent.
edit: hang on, sudden moment of self-doubt; checking on this...
Message Edited by haulingthescoreup on 02-21-2008 05:41 PM
This can happen if it's an older account, and the length of history is important, or if you needed a certain number of tradelines reporting, etc.
So remember, when you dispute, it's not just the derogatory reporting that goes into temporary limbo, it's the entire account, good, bad, and indifferent.
edit: hang on, sudden moment of self-doubt; checking on this...
Message Edited by haulingthescoreup on 02-21-2008 05:41 PM
@haulingthescoreup wrote:
OK, here's the deal: unless you're disputing a collection or judgment, the entire TL is removed from scoring during the dispute. Surprising as it might seem, these accounts are often helping more than they are hurting.
This can happen if it's an older account, and the length of history is important, or if you needed a certain number of tradelines reporting, etc.
So remember, when you dispute, it's not just the derogatory reporting that goes into temporary limbo, it's the entire account, good, bad, and indifferent.
edit: hang on, sudden moment of self-doubt; checking on this...
Message Edited by haulingthescoreup on 02-21-2008 05:41 PM
Ah. So collections and judgements are supposed to be exempt, if I read your first sentence correctly? My experience is that I disputed a paid collection with Experian. I lost nearly 100 points off my score. It was the only derogatory on any of my credit reports. The explanation I was later given was that disputing an item with Experian is the same as updating the date of last activity........ which re-ages your account with Experian. Again, I'm just repeating what I was told. It makes more sense that the paid collection tradeline was suppressed from FICO/VANTAGE SCORE calculations while in dispute status -- but that's not what they told me. The item itself is from 2000, with a date of first delinquency of 2002........ it was sold to two collection agencies, Experian doesn't report very much data on it, let alone the date of first delinquency. So maybe it doesn't matter because I misread your first sentence. Either way, disputing did a number on me. It hurt. Badly. And then to top it off it came back as 'previously verified', and the climb back up has been slow indeed. I no longer care about the points, I just want the paid collection off.
@Anonymous wrote:
@haulingthescoreup wrote:
OK, here's the deal: unless you're disputing a collection or judgment, the entire TL is removed from scoring during the dispute. Surprising as it might seem, these accounts are often helping more than they are hurting.
This can happen if it's an older account, and the length of history is important, or if you needed a certain number of tradelines reporting, etc.
So remember, when you dispute, it's not just the derogatory reporting that goes into temporary limbo, it's the entire account, good, bad, and indifferent.
edit: hang on, sudden moment of self-doubt; checking on this...
Message Edited by haulingthescoreup on 02-21-2008 05:41 PM
Ah. So collections and judgements are supposed to be exempt, if I read your first sentence correctly? My experience is that I disputed a paid collection with Experian. I lost nearly 100 points off my score. It was the only derogatory on any of my credit reports. The explanation I was later given was that disputing an item with Experian is the same as updating the date of last activity........ which re-ages your account with Experian. Again, I'm just repeating what I was told. It makes more sense that the paid collection tradeline was suppressed from FICO/VANTAGE SCORE calculations while in dispute status -- but that's not what they told me. The item itself is from 2000, with a date of first delinquency of 2002........ it was sold to two collection agencies, Experian doesn't report very much data on it, let alone the date of first delinquency. So maybe it doesn't matter because I misread your first sentence. Either way, disputing did a number on me. It hurt. Badly. And then to top it off it came back as 'previously verified', and the climb back up has been slow indeed. I no longer care about the points, I just want the paid collection off.