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What?!? Dispute reported in my credit report??

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Frequent Contributor

What?!? Dispute reported in my credit report??

I have NEVER seen or heard about dispute being reported on credit reports! If it is reported, does it affect my credit profile? Granted I rarely report dispute in my 30+ years of having credit cards....maybe 3 or 4 times with one recent dispute against Wal-Mart when I clicked to cancel my order but Walmart kept it open for over 30 days refusing to properly credit my $25ish. (it has since be resolved since Discover forced Walmart to credit it since I had all the evidences. 

 

discover.jpg

BK7 Filed 3/15, Discharged 6/15

Starting FICO 7/5/15: EQ: 490, TU: 497, EX: 477
Current FICO 3/28/19: EQ: 731, TU: 707, EX: 735

Current Cards my own:
Discover: Opened 11/15, SL: $1,500, Current CL: $6,000
Sears Citi MC: Opened 12/17 SL & Current CL: $5,000

AU on my wife’s cards:
AmEx ED: Current CL: $1,500 (Opened 1/16)
AmEx CMC: Current CL: $22,000 (Opened 11/18)
Chase Freedom Unlimited: Current CL: $11,900 (Opened 4/18)

CitiMortgage, Opened 12/17
Message 1 of 9
8 REPLIES 8
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Moderator

Re: What?!? Dispute reported in my credit report??

It's normal, and it happens.
While you did not dispute with CRA, you did have an active direct dispute, which is a dispute with the lender.
Dispute was resolved, remark removed, everything is back to normal.

Direct disputes do not affect your credit the same way disputes with CRAs do (accounts may be temporarily excluded from scoring, depending on nature of dispute)
Message 2 of 9
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Frequent Contributor

Re: What?!? Dispute reported in my credit report??


@Remedios wrote:
It's normal, and it happens.
While you did not dispute with CRA, you did have an active direct dispute, which is a dispute with the lender.
Dispute was resolved, remark removed, everything is back to normal.

Direct disputes do not affect your credit the same way disputes with CRAs do (accounts may be temporarily excluded from scoring, depending on nature of dispute)

I thought disputes are handled internally which was why I was puzzled to find it reported on my credit reports. Good to know it does not directly affect my FICO scores.

 

Thanks!

BK7 Filed 3/15, Discharged 6/15

Starting FICO 7/5/15: EQ: 490, TU: 497, EX: 477
Current FICO 3/28/19: EQ: 731, TU: 707, EX: 735

Current Cards my own:
Discover: Opened 11/15, SL: $1,500, Current CL: $6,000
Sears Citi MC: Opened 12/17 SL & Current CL: $5,000

AU on my wife’s cards:
AmEx ED: Current CL: $1,500 (Opened 1/16)
AmEx CMC: Current CL: $22,000 (Opened 11/18)
Chase Freedom Unlimited: Current CL: $11,900 (Opened 4/18)

CitiMortgage, Opened 12/17
Message 3 of 9
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Moderator

Re: What?!? Dispute reported in my credit report??

It doesnt. In theory, lenders have to report accurate information, so them reporting something being disputed (balance in your case) is there to ensure accuracy in reporting.

Message 4 of 9
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Frequent Contributor

Re: What?!? Dispute reported in my credit report??


@Remedios wrote:
It doesnt. In theory, lenders have to report accurate information, so them reporting something being disputed (balance in your case) is there to ensure accuracy in reporting.


Thank you...something new to learn Smiley Happy

BK7 Filed 3/15, Discharged 6/15

Starting FICO 7/5/15: EQ: 490, TU: 497, EX: 477
Current FICO 3/28/19: EQ: 731, TU: 707, EX: 735

Current Cards my own:
Discover: Opened 11/15, SL: $1,500, Current CL: $6,000
Sears Citi MC: Opened 12/17 SL & Current CL: $5,000

AU on my wife’s cards:
AmEx ED: Current CL: $1,500 (Opened 1/16)
AmEx CMC: Current CL: $22,000 (Opened 11/18)
Chase Freedom Unlimited: Current CL: $11,900 (Opened 4/18)

CitiMortgage, Opened 12/17
Message 5 of 9
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Regular Contributor

Re: What?!? Dispute reported in my credit report??

odd. i had a fraud dispute recently and never seen it on my reports
Message 6 of 9
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Legendary Contributor

Re: What?!? Dispute reported in my credit report??

Filing of a dispute triggers possible additional provisions of the FCRA, including the right to thereafter bring civil action contesting the reasonableness of the investigtion of the dispute (FCRA 623(c)), the limit on reinsertion of information that was previously deleted as a finding in a dispute (FCRA 611(a)(5)(B)), the right of a consumer to require a CRA to provide notice to any person who has acquired a credit report from the CRA within the last two years for employment purposes, or within the last six months for any purpose of the deletion of information done as a result of a dispute (FCRA 611(d)), and the right of a consumer to place a statement in their credit file if they disagree with the results of the dispute (FCRA 611(b)).

In order to make any later determination of whether such subsequent rights apply, the dispute must be recorded in the consumer's credit file, and if the disputed information is verified, in subsequent credit reports that continue to include the disputed information.

 

The requirement of a CRA to include indication of the filing of a dispute is set forth as follows:

 

"FCRA 605(f)  Indication of dispute by consumer.
If a consumer reporting agency is notified pursuant to section 623(a)(3) [§ 1681s-2] that information regarding a consumer who was furnished to the agency is disputed by the consumer, the agency shall indicate that fact in each consumer report that includes the disputed information."

Message 7 of 9
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Senior Contributor

Re: What?!? Dispute reported in my credit report??

I know someone close who did a direct dispute and it did in fact affect their score and when the dispute was over the score returned. they have a thin file, so it was noticeable as it was their only credit card.










(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated DEC'19.

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? (clean/dirty), Number of accounts open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AoYR-Age of Youngest Revolver (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new accounts, with open loan on record.
If you don't know where you fall, just list whether you have any baddies, your number of open and closed accounts, AoOA, AoYR and whether you have a loan on record.
For utilization questions, list individual and aggregate utilizations, revolving and installment. please.
Message 8 of 9
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Senior Contributor

Re: What?!? Dispute reported in my credit report??

Let me correct myself. Upon that person logging into Experian they could not get a score for last month while the direct dispute was pending. Now that the direct dispute is over they have a score again. Remember this is their only account. Without it they don’t have the six months history necessary to generate a score.

On the other hand VS3, via CK, tanked about 110 points last month while the direct dispute was pending. Now that it’s over the points came back, not that VS3 means anything.










(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated DEC'19.

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? (clean/dirty), Number of accounts open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AoYR-Age of Youngest Revolver (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new accounts, with open loan on record.
If you don't know where you fall, just list whether you have any baddies, your number of open and closed accounts, AoOA, AoYR and whether you have a loan on record.
For utilization questions, list individual and aggregate utilizations, revolving and installment. please.
Message 9 of 9
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