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dispute removed but then dropped my score by 24 points

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Anonymous
Not applicable

dispute removed but then dropped my score by 24 points

Please help, I'm trying to rebuild my credit but it seems that it has taken a drastic hit, my mortgage broker asked me to  have citicard remove a valid dispute against citi from my credit report. After I did that, why did it drop my credit score. balance decreased on the card and nothing else. why why why???????

Message 1 of 6
5 REPLIES 5
llecs
Moderator Emeritus

Re: dispute removed but then dropped my score by 24 points

Under FICO scoring, when an OC account (e.g. a CC, loan, etc.) is listed as a dispute, certain items are excluded from scoring including the balance, the CL, and your payment history. Does this fit into your scenario with Citi?

Message 2 of 6
cdtotten
Established Contributor

Re: dispute removed but then dropped my score by 24 points

If you have negatives on the account in the past, or if your utilization is high on the card, disputing the card will result in these factors being removed from scoring (usually increasing your score). Once the dispute comment is removed, the factors are scored again, and your score drops.


Starting Score: 627 EQ, 621 TU - 11/15/08
Current Score: 778 EQ, 781 TU, 778 EXP 07/20/12 Lender Pull
Goal Score: 800 EQ & TU


Take the FICO Fitness Challenge
Message 3 of 6
aasmith73
New Member

Re: dispute removed but then dropped my score by 24 points

i learned to never dispute a good acct


Starting Score: 627
Current Score: 634
Goal Score: 720


Take the FICO Fitness Challenge
Message 4 of 6
suebee123
Frequent Contributor

Re: dispute removed but then dropped my score by 24 points

Is this just while the dispute is active?  I have some accounts that were disputed and noticed score changes after disputing but got back my points after the 30 day dispute was over.  But, my accounts still have a notation that the account was disputed at some time...do these comments need to be removed?  And if so, whom is supposed to remove them, the credit reporting agency?

 

Current: EQ Fico (700), EX Fico AMX (681) TU Fico Walmart (711) MyFico TU (708) Vantage: TU 803, EX 777, EQ 789
Goal: 700+ across the board.
Message 5 of 6
llecs
Moderator Emeritus

Re: dispute removed but then dropped my score by 24 points

OP hasn't been around in 8 months I don't believe. Old thread got bumped.

Message 6 of 6
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