Torn out please help! removing "In Dispute" verbiage lowered scores

[thematrix]

Hello Experts,

I am in the market for a mortgage. Have diligently worked to rebuild. The score were in the 760+ range for all 3 CRA's. Applied for a preapproval, was informed cannot be approved immediately because of disputes on collection accounts that have been paid actually. I have two collection accounts with Hunter Warfield from Jan 2007. The other baddie was a 30 day late from HSBC 1.5 years ago.

With the help from  ShanetheMortgageMan's (thank you so much! for such useful info!) thread on contacting CRA's to remove the "In Dispute" verbiage on my accounts, I could get rid of the comments from my EX and EQ reports, still working with TU. However to my shock I noticed that my credit score dropped by 80 points. Is this expected that removing the comments lowers the score so drastically. Please help...Do I stand a chance, my utilization is under 5%. I am ready to put down 10% down. Please suggest........Anybody had any luck with Hunter Warfiled to remove a paid collection...?

[drkaje]

It looks as if the disputed accounts weren't being factored into your previous score. Removing them corrected it.

Try searching the rebuilding forum to see how others have gotten things done with HW.

It might also be helpful asking a mod to move your thread to rebuilding. Many have recently posted about this company, it's very likely they'll help!

[thematrix]

Thanks drkaje for your response. I hope they do not reage the accounts...

[JM-AM]

The accounts should not be reaged from removing disputes.

As mentioned the accounts were not included in your credit scores because of disputes. This is one of the reasons why lenders want all disputes to be removed from credit reports.

You should still qualify for a mortgage depending on other factors and the type of loan you are applying for.