Will a dispute of equifax prevent me from getting loan

[Ks18]

I have excellent credit but just called equifax today to get a wrongful charge taken off my account. It is in dispute now and they said it will take 30 days. I just purchased a house and when it goes through underwriting for the mortgage I'm afraid this dispute will prevent me from getting a loan. Is this true?  How can I close this dispute.  I was on the phone with equifax for an hour today and got the as response, wait 30 days blah blah. I need it removed ASAP. The company that put the charge on is no longer in business. What do I do?  Any help will be appreciated?  running out of time and I'm stressing out. Thanks 

[mccallb]

If you already have excellent credit, and you were already approved, your credit score will just become more excellent.  I don't believe there is any flag that says "youre in dispute" on anything.

But with an already good score, you should have nothing to fear.

[Ks18]

I was preapproved. then indicated the dispute on my credit. Now underwriting says they won't give me a loan since I have an open dispute. How can improve it. I need this gone in a week so I can get this house. any help would be amazingly appreciated. I spoke to numerous people for an hour today ad equifax and they said they can't do anything for me. I need any help at all. I have been researching all night and haven't come up with anything. Thank you for your time. 

[Ks18]

I will be applying for a conventional loan with 20% down. My credit scores were 801 and 784.  If that matters any. 

[Ks18]

And 9% debt to income ratio. 

[mccallb]

I am really sorry. I don't know enough to help you. I truly do apologize and hope someone else here knows better than I.

[09Lexie]

Contact the Special Handling Dept to remove the flag.  You can find more information in this thread:

http://ficoforums.myfico.com/t5/Mortgage-Loans/Best-Way-to-Remove-quot-Account-In-Dispute-quot-for-M...

[sghosh5]

I recently contacted Equifax & Transunion to remove my disputes. I am still almost 6-7 months away from my home purchase. Both the bureaus removed the comments with a day and both my EQ & TU scores dropped almost by 10 points. So it is true if one negative account has 'Consumer Disputes' comment on it,the effect of the account on your scores are much less.

[Peter1142]

It seems reading these forums that dispute comments do in fact lessen the effect of the baddie on your scores. Interesting. I don't think FICO acnowledges this.

[newmomnewme]

When I took all the dispute comments off a few months ago, all of my scores dropped a few points....so I think that while "in dispute" or "noted as a dispute" maybe the baddie is NOT calculated in scoring. I have also read that collections (paid or unpaid) are not scored.