I was thinking about this.
If FICO doesn't factor in a disputed account in the total scoring, then anyone can dispute every neg on their credit report, see their score jumps for a short period of time, and apply for a new CC.
Some creditors for CCs may not look too closely and quailfy someone based on a high score.
Or am I totally wrong?
Starting Score: 600s
I'm not promoting anyone do this. I know it's wrong, that's why I was wondering why FICO would allow it.
@MarineVietVet wrote:
@ficonightmare wrote:I'm not promoting anyone do this. I know it's wrong, that's why I was wondering why FICO would allow it.
I wasn't saying you were advocating it. I apologize if it seemed that way.
I don't know if there is any way for FICO to know who is playing the system by multiple disputes of accurate data or someone who in good faith is disputing information they believe is in error.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
Phew 
But yeah, I guess you're right, they have no way of knowing.
@ficonightmare wrote:I was thinking about this.
If FICO doesn't factor in a disputed account in the total scoring, then anyone can dispute every neg on their credit report, see their score jumps for a short period of time, and apply for a new CC.
Some creditors for CCs may not look too closely and quailfy someone based on a high score.
Or am I totally wrong?
Well, as I wrote above, it's the lenders who code it in a way that it's ignored for scoring. And they're the ones who decide which way to code the dispute --whether it's to be ignored or not.
Also, the negative still displays on the credit report. IMO, any lender who's dumb enough to approve solely on the basis of a score and not even look at a report deserves everything they get. And this happened to a lot of lenders in the pre-meltdown days, so it's not common to see score-only approvals any more. Even instant approvals involve a computer looking at the report and flagging for certain no-no's, like BK's, regardless of the score. (This is what happens to those with a ton of inqs from a recent car shopping expedition who get declined for too many inqs. They have to call back and get a human to look at the report, and they often have to instruct said human in what it means that there are 6 auto loan inqs. They really weren't trying to buy 6 autos. 
)
Believe me, many, many members have tried disputing for no particular reason, and it hasn't made any difference whatsoever. Their accounts are still including in scoring, and they run the risk of being called "frivolous disputers" by the CRA's, and if they ever do have a legitimate dispute, they're ignored. So it's not a smart tactic.
HTSUP- It would be pretty dumb for a lender not to check a credit report. Totally agree. And had I thought about it longert, I would have realized- all the threads I've scrolled through in the last few weeks, the searches I've done, would of at least given me a hint when someone with a high score is denied, there's probably more on their credit report then they may have posted (thin credit files being the exception).
But back to scoring, based on what IIecs had said, FICO doesn't factor disputes in, and that got me thinking.(and led to the whole how someone can game the system).
Based on what you said, it's how the lender codes it.
But what I don't get is, why doesn't a lender just wait until they make their decision. Reason being, a layman like me doesn't understand what's going on. They think the letter worked but nooo.. the lates are still showing, the red flag is still there, and it's in "dispute" status.
It's like just tell me yes or no and I'll go from there.
I'm just a consumer. Not privy to any info. from Creditors, CRA's or FICO itself.. so curious to learn how the whole picture works.
The more I learn, monitor my scores, send GW's and slowly see what happens, the more confused I become.
@ficonightmare wrote:HTSUP- It would be pretty dumb for a lender not to check a credit report. Totally agree. And had I thought about it longert, I would have realized- all the threads I've scrolled through in the last few weeks, the searches I've done, would of at least given me a hint when someone with a high score is denied, there's probably more on their credit report then they may have posted (thin credit files being the exception).
But back to scoring, based on what IIecs had said, FICO doesn't factor disputes in, and that got me thinking.(and led to the whole how someone can game the system).
Based on what you said, it's how the lender codes it.
But what I don't get is, why doesn't a lender just wait until they make their decision. Reason being, a layman like me doesn't understand what's going on. They think the letter worked but nooo.. the lates are still showing, the red flag is still there, and it's in "dispute" status.
It's like just tell me yes or no and I'll go from there.
I'm just a consumer. Not privy to any info. from Creditors, CRA's or FICO itself.. so curious to learn how the whole picture works.
The more I learn, monitor my scores, send GW's and slowly see what happens, the more confused I become.
Well then you've joined the rest of us! 
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
LOL
Guess I shouldn't change my EQ score in my sig. to 736 yet huh..
