Why my credit score drop wen i open new dispute?HELPPPPPPPPPPPPP

[Anonymous]

Why my credit score drop wen i open new dispute?HELPPPPPPPPPPPPP

[llecs]

What did you dispute?

[AndySoCal]

Disputed trade lines are not included in the FICO score calculation.

[Jazzzy]

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@Anonymous wrote:
Why my credit score drop wen i open new dispute?HELPPPPPPPPPPPPP

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One reason is that when something is disputed, it may no longer count in your score calculation. You may have lost the age of the account in your history or average age of accounts (AAoA).

How long ago was the dispute? Was it a collection account? Can you tell if they have updated the status or the date of last activity? If they did, it's possible that this could be looking as if it is a more recent collection (if it still counts for scoring).

Has something else changed on the report? Are there larger balances on your credit cards?

Without the details of your credit report, it's tough to give an answer.

[Anonymous]

Yes capitol one and Applied Bank update the las actvity on the account they can do that report like new collection?

Thank You

[Jazzzy]

Are these collection agency accounts, or are they still with the original creditor?

Did you dispute both of these accounts? If so, why?

Updating last activity can make an account look newer...but updating wouldn't be the reason for your score drop.

[Anonymous]

CAP ONE AND APPLIED BANK  THIS TWO ACCOUNT IS ON LEGAL DEPARTMENT I PAY CAP ONE  LAST JANUARY ON FULL THEY JUST REPORT

LIKE I JUST PAY 250 ON MY CREDIT AND APPLIED BANK  THEY UP DATE THE LAST ACTIVITY ON THE ACCOUNT, I NOT  UNDERSTAND BECAUSE

I DELETE ONE JUSTMENT AND PAY ON FULL ALL MY CREDIT CARDAND STAY OPEN AND I NOT HAVE ANY LATE PAYMENT ON THE LAST 3 YEAR I PULL

MY TRANSUNION SCORE ON MY FICO WAS 614 BEFORE I PAY DAWN MY CARD  THE SIMULATOR ON MY FICO SAY MY SCORE GO TO 664 AFTER I PAY MY CARD BUT NOT HAPPEN I RUNG MY CREDIT TO TRY GET MORTGAGE MY SCORE IS 567 568 AND 710 I HAVE TRUCREDIT I CHECK MY CREDIT EVERY DAY THAT AFFECT MY SCORE TEMPORARY?THANYOU

[Anonymous]

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=2175

[Anonymous]

I understand your frustration. This happened to me as well. BoA son of a b*tch opened a dispute on my credit file without letting me know, because of a $70 disputed charge. I didn't even know they could do this. As a result my FICO dropped over 20 points. It took them over 2 month and multiple phone calls to close the dispute, and my FICO score did NOT come back. It did come back points by points over the past few month, but not all in one shot when the dispute is closed. I don't know why, but I'm just giving you the facts here.