Winning a Dispute

[Anonymous]

Hey everybody, 

I'm brand new to this website and understanding fico scores. Recently, I disputed 5 accounts that were in collections. All 5 of them were medical bills from 2016 for $234 each. I won the dispute, and got a letter in the mail from Transunion that all 5 of them would be deleted from my report. Because this is my first time disputing, I have a few questions. 

1. does this delete the accounts off all 3 of my reports? Transunion, Experian, and Equifax? 

2. how long does it usually take for my credit report(s) to reflect these changes? (Literally got the letter from Transunion today)

3. what kind of impact will this have on my fico scores? I currently am sitting at around 580 for all 3 scores. I also recently paid off another collection that was 7 months old, and got a pay for delete for another collection, which leaves 7 collections accounts total left on my report. 

thanks for any and all help!

[Mr_Mojo_Risin]

You will have to dispute with each bureau. As for when it will update, could be a few days up 30 days from what I've seen. 

Congratulations on your deletions!!

[M_Smart007]

Hi@Anonymous and Welcome to the forums!

Congratulations on you TU deletion success!! .. Post #2 has your answers ...

You could see a nice increase in your scores

but having them all dealt with, would make the most of it.

Would definitely dispute them on Experian and Equifax.

Document and make copies of everything.

Others will have some good advice and will chime in.

[RobertEG]

TheFCRA includes provisions that attempt to remove from the consumer the need to file the same dispute with each CRA, and if followed by the furnisher, should obviate the need for duplicate disputes.

In a nutshell, a dispute filed with a CRA is fowarded to the furnisher of the disputed information (i.e., creditor, business, or debt collector) for their review, investigation, and response back to the CRA.

The final dispute determination is then made by the CRA based on all evidence, including and usually the same as the response received from the furnisher.

The furnisher is required to either verify the accuracy of the disputed information, correct so as to overcome any agreed inaccuracy, or if neither can be done, either delete or instruct the referring CRA to delete the information as being unverifiable.

The FCRA requires the furnisher, if the finding of their investigation concurs that there is an inaccuracy, to report correction or deletion to all other CRAs to which they have also reported the inaccurate information.  It is not sufficient for the furnisher to report correction of deletion with only the CRA that sent them the dispute.

Thus, if the furnisher has concurred with the asserted inaccuracy and if they comply with the requirements of the FCRA, then there will be no need to file separate/additional disputes with each of the other CRAs.

That assumes compliance with the reporting requirements of the FCRA, which is not always done by the furnisher.

If they dont also report the corrrection or deletion to all other CRAs, then additional disputes may be necessary.

I would recommend giving a couple of weeks for processing time after receipt of a dispute notice from a single CRA before filing disputes with the other CRAs.