Anonymous Posted July 8, 2003 Report Share Posted July 8, 2003 Hi Everyone,Discover card has sent a report to the Credit Bureau about a continuing dispute I have with them. What does this mean? It this a negative negative item on my credit report? What can I do?They have reported it to the following agencieis:TransUnionEquifaxExperianInnovis Link to comment Share on other sites More sharing options...
BrassFan Posted July 8, 2003 Report Share Posted July 8, 2003 <blockquote>Originally posted by LooLooHi Everyone,Discover card has sent a report to the Credit Bureau about a continuing dispute I have with them. What does this mean? Link to comment Share on other sites More sharing options...
Anonymous Posted July 8, 2003 Author Report Share Posted July 8, 2003 Hi,The dispute has been resolved according to Discover but I don't agreed with the decision. I have been paying off my Discover bill minus the disputed amount in question. It has been at least 3 months that I've been disputing with Discover on this issue. Does this change what you've mentioned below?Thanks Link to comment Share on other sites More sharing options...
BrassFan Posted July 8, 2003 Report Share Posted July 8, 2003 <blockquote>Originally posted by LooLooThe dispute has been resolved according to Discover but I don't agreed with the decision. I have been paying off my Discover bill minus the disputed amount in question. It has been at least 3 months that I've been disputing with Discover on this issue. Does this change what you've mentioned below?</blockquote>Not really...if you're still disputing it, then everything I said is still the same. It's not a negative thing on your report. so I wouldn't worry too much about it. I'd worry more about getting it resolved. It's actually a good thing...since they're reporting it as disputed, they aren't reporting you as delinquent for the amount you aren't paying. Link to comment Share on other sites More sharing options...
Anonymous Posted July 8, 2003 Author Report Share Posted July 8, 2003 HiRegardless of how this dispute ends, I am extremely reluctant to use my Discover card. I've had this card for 10 + years and it is the longest I've ever had a card for. Are there advantages/disadvantages to cancelling or keeping this card? Link to comment Share on other sites More sharing options...
BrassFan Posted July 8, 2003 Report Share Posted July 8, 2003 <blockquote>Originally posted by LooLooHiRegardless of how this dispute ends, I am extremely reluctant to use my Discover card. I've had this card for 10 + years and it is the longest I've ever had a card for. Are there advantages/disadvantages to cancelling or keeping this card?</blockquote>With a history that long, I'd be reluctant to cancel it...I'd just pay it off, and stop using it.The biggest disadvantage to cancelling is that it will drive up your balance/limit ratio. You'll have a balance remaining, but will have $0.00 available. Now, some cards might report your correct limit and balance until it's paid off, but some will report it as a $0.00 limit. I wouldn't take the chance until it's paid off. Link to comment Share on other sites More sharing options...
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