Proceed or walk away.. home loan

[tooleman694]

Collections are not taken out of consideration in your credit score when they are in a dispute status.

Also if you have disputes on old paid off accounts, the negative old item may actually help you when it is out of dispute. I have seen it happen to me first hand.

[Anonymous]

Wanted to follow up --

I heard back from my Loan Officer and my Transunion actually went up after the rescore, so based on this we will proceed with the other 2 CRA's and hope to get similar results. We should know by Monday if we will become homeowners based on the dispute removals and where our credit score stands at that point.

[jadeite788]

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@getmycreditright wrote:

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@tooleman694 wrote:
FYI disputed collections do not have an impact on your score. So the rescore on those will do nothing good or bad for the score.

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My wife has a two disputes on her report and right now, her median is 653. Are you saying that when her disputes are removed, her credit score will not be impacted?

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Only time a credit score is impacted  during a dispute is if there is a change/update to the report.  Disputes DO NOT impact scores.  I have done two.  It can take anywhere from 30-45 days for a dispute to be settled and fall off.