Dispute made my score drop?

jayhuck1 · ‎01-13-2013

I filed a dispute with equifax on 5 TL's. Would this make my score drop? I received an alert last night that my score dropped 10 points.

Starting Score: 520
Current Score: 640
Goal Score: 720

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Shogun · ‎01-13-2013

When an account is in dispute, certain aspects of it are omitted for scoring.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

payingoffdebt001 · ‎01-31-2013

I had a 6 yr old Collection that had the comment "consumer disputes" just gave me trouble. I wrote EQ trying to get this comment off because its been 2 times now that they come back saying its been verified but they keep leaving the comment. So this time I sent a certified letter and informed them the dispute was verified for them to please take the comment off. Well they put in another dispute and my score dropped today by 13pts as well. Even though this was a 6 year old collection account.

How is yours going now? Still low or did it rise back up?

guiness56 · ‎01-31-2013

A dispute on a 3rd party collections or a public record should never impact your score. These are not taken out of any scoring aspect.

If they are/have been something was done incorrectly along the way.

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Direct Dispute

jayhuck1 · ‎01-31-2013

My dispute says pending. Its expected date is 2/11/2013

Starting Score: 520
Current Score: 640
Goal Score: 720

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Globalgirl · ‎01-31-2013

The same thing happened to me yesterday with EQ. I disputed 2 collection accounts and my score dropped 36 points...WOW. I spoke with their rep and he explained that once you initiate a dispute, it is no longer a factor in your score. He did say that the score should improve once the disputes are completed, but I don't believe that.

Equifax: 6/2013 (647) / 10/2013 (647) / 11/13 (654) / 6/05/14 (725)
Experian: 6/2013 (673) / 10/2013 (684) / 12/12/13 (692)
TU Walmart: 6/2013 (683) / 10/2013 (693) / 01/2014 (704) / 06/05/14 (705)
Goal Score: 700 across the board