Should I regret a dispute I made???HELP!

Anonymous · ‎01-29-2011

I disputed a credit card account that was charged off in Oct 2004. This item has fallen from TU, and scheduled to fall off EX in Feb. The dispute I made was with equifax. I disputed the item because the "charge-off" status wasn't consistent with TU and EX. I have been skimming the forum about disputing and am very confused. I see that some people say it will actually hurt your score as it updates the account. How can that be when they are not allowed to change the DOFD? Also I read somewhere that they (the original creditor), will actually alert all CB and the account may show updated on EX, TU, and EQ. Can a baddie that was deleted due to the 7 yr aging, show up again if the OC reports new info... This forum has officially freaked me out today, I'm almost at 700 EQ for the first time in my life. My wife and I plan to buy a new truck in June and I'm hoping that I didn't just potentially drop my score!!!!!!!!

Thanks for you input!

Jan 27- EQ 684, TU 699

chasmith · ‎01-29-2011

No, the fact that the "Status Date" updates doesn't affect the DOFD. The time limit after which the CRA is prohibited from publishing the TL (except for certain large transactions) remains 7 years plus six mons from DOFD. The line cannot legally reappear if it is aged off.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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RobertEG · ‎01-29-2011

+1

Actually, it is not the account that drops, it is only prior derogs under the account that are barred from frrther CR inclusion.