Well first, good job on taking care of your debts.
Second, don't dispute accounts right after you pay them off. You might think it helps speed up the updates, but in fact, you're doing the opposite. In this case, you got lucky with the ones that worked, but then you see how disastrous it can turn out as well. I'm assuming your score dropped because your dispute came back verified since I'm sure the lenders are still doing housekeeping and updating their own internal reports before submitting to the bureaus to update.
Finally, ALL (revolving) COs affect utilization. Not sure what you mean by paying "the ones affecting utilization."
@Anonymous wrote:
@OmarGB9 wrote:Well first, good job on taking care of your debts.
Second, don't dispute accounts right after you pay them off. You might think it helps speed up the updates, but in fact, you're doing the opposite. In this case, you got lucky with the ones that worked, but then you see how disastrous it can turn out as well. I'm assuming your score dropped because your dispute came back verified since I'm sure the lenders are still doing housekeeping and updating their own internal reports before submitting to the bureaus to update.
Finally, ALL (revolving) COs affect utilization. Not sure what you mean by paying "the ones affecting utilization."
Thank you for responding!I was under the impression that the ones that showed a utilization were still being calculated towards my overall utilization. Didnt realize it was all. I did however pay the majority of them off I just have small ones I just need to find more time during the day to call them and settle it.
Once the disputes are over and say the creditor is done with their internal stuff its still possible to get the points I lost?
Nope, all charged off credit cards count against your utilization because they count as maxed out accounts with a $0 credit limit. So it's important to pay them all off ASAP.
Yes you should get the points back, but it may not be immediately.