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Dispute results score drop question

pkenn
Regular Contributor

Dispute results score drop question

Question... i disputed a charge

-off from 3 years ago that was sold (that  i paid off and is reporting $0)  and i got a notice today from equifax that the results are in and the tradeline has been updated and  added" to? 
So checked my score and i took a 34 point hit???  
The "updated" tradeline is exactly the same info as before disputing it verbatim .... what gives????

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3 REPLIES 3
FireMedic1
Super Contributor

Re: Dispute results score drop question

First question. What were your disputing? Once you dispute an item. It comes back verified and updated as new even though it really isnt. So it looks fresh again. Only file disputes if it is totally inaccurate. If you were trying to get it removed. Really isnt going to work out in your favor.






Homeowner since Sept 2020. My posts are JMHO. My siggy is not to brag. Just sharing my experiences after BK from learning here from rebuild to recovery from the @ 540's.
Message 2 of 4
pkenn
Regular Contributor

Re: Dispute results score drop question

Ugh!   So it was actually my wife that disputed it (grrrr) it was a charge off from 2018 and it was a store card. I only have maybe two lates on my report form 4 years ago  and am at maybe 1-2% usage.

so does this me im stsrting over on clawing back up to where i was points wise or is it more or a immediate drop that will recover more quickly? 

Message 3 of 4
Mr_Mojo_Risin
Senior Contributor

Re: Dispute results score drop question


@pkenn wrote:

Ugh!   So it was actually my wife that disputed it (grrrr) it was a charge off from 2018 and it was a store card. I only have maybe two lates on my report form 4 years ago  and am at maybe 1-2% usage.

so does this me im stsrting over on clawing back up to where i was points wise or is it more or a immediate drop that will recover more quickly? 


The algorithm sees it as new, so it's going to take time to recover (profile dependent) it's anyone's guess how long.

I found this out the hard way before I found MyFICO.

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