ADSOFT Posted June 5, 2003 Report Share Posted June 5, 2003 Ok, guys lets see what are made of over here.4 boards can't answer this question.Say, you don't have time to get some negatives off your credit report so you decide to dispute with CA's and force them to mark it in dispute.Will your FICO now be temporarily higher??? Link to comment Share on other sites More sharing options...
cookiemnster Posted June 5, 2003 Report Share Posted June 5, 2003 <blockquote>Originally posted by ADSOFTOk, guys lets see what are made of over here.4 boards can't answer this question.Say, you don't have time to get some negatives off your credit report so you decide to dispute with CA's and force them to mark it in dispute.Will your FICO now be temporarily higher??? </blockquote>Your true FICO, probably. But the tradelines will still show up, don't forget. So a manual review of your report will show all the disputed items, just with the notation that they're disputed (on EXP and EQ, anyway). They're not suppressed by the dispute. Link to comment Share on other sites More sharing options...
ADSOFT Posted June 5, 2003 Author Report Share Posted June 5, 2003 <blockquote>Originally posted by cookiemnsterYour true FICO, probably. But the tradelines will still show up, don't forget. So a manual review of your report will show all the disputed items, just with the notation that they're disputed (on EXP and EQ, anyway). They're not suppressed by the dispute. </blockquote>No offense, but that's a probably, huh?????I'll take the extra points some of these lender don't know any better, they just go by the number!!!Is there a fico website we can ask, I know there is alot of fico junk out there!!!!Does anybody have anything in dispute with a CA and showing in your report: if so where does it show,....I verbally, disputed something(I know, not supposed to talk to CA'S, this was my first TL after CRA's DISPUTE ok), CA side it would mark it in dispute, but don't see it on my online EXPERIAN!!!!!... oh, by the way, I don't know about your states, but in my state according to state law, all DV has to be done in writing!!! Link to comment Share on other sites More sharing options...
paw67 Posted June 5, 2003 Report Share Posted June 5, 2003 DH has several on EXP that are in dispute with the same CA and in the status section is shows NO STATUS and there is a note in "your statement" that says, Account in dispute under Fair Credit Billing Act. paw67 Link to comment Share on other sites More sharing options...
sisflomi Posted June 5, 2003 Report Share Posted June 5, 2003 Do you always trust what the ca says to you? Its not gonna happen, even if you do dv with crrr. Not one ca I sent dv too showed as in dispute. Link to comment Share on other sites More sharing options...
cookiemnster Posted June 5, 2003 Report Share Posted June 5, 2003 OK, my EQ score has gone up with almost every dispute, then come down again if the disputed item was verified. So I can say with certainty that your EQ FICO score will go up when you dispute stuff. Since EQ's FICO is a true FICO, it stands to reason that it would apply to the other CRA reports as well.You also must take into consideration that not all lenders use the version of FICO that you can buy from the CRA's, some of them have their own internal scoring model developed by Fair Isaacs that may not remove the disputed tradeline from the scoring algorithm. Link to comment Share on other sites More sharing options...
edubb007 Posted June 5, 2003 Report Share Posted June 5, 2003 Good call Swede! The EQ seems to be the only one to fall for that. I di help me get my car! Gave me a 693 FAKO while disputing. Then dropped me to 63? after disputed were done. Take advantage while you can! Good Luck...Edubb Link to comment Share on other sites More sharing options...
Swede Posted June 5, 2003 Report Share Posted June 5, 2003 <blockquote>Originally posted by edubb007Good call Swede! The EQ seems to be the only one to fall for that. I di help me get my car! Gave me a 693 FAKO while disputing. Then dropped me to 63? after disputed were done. Take advantage while you can</blockquote>I deleted my post for editing purposes, hang tight while I re-visit the issue........... Link to comment Share on other sites More sharing options...
ADSOFT Posted June 5, 2003 Author Report Share Posted June 5, 2003 <blockquote>Originally posted by paw67...in "your statement" that says, Account in dispute under Fair Credit Billing Act. paw67</blockquote>???????? FCBA: ???? What /where!!!!!, me!!!! [Edit by ADSOFT on Thursday, June 5, 2003 @ 11:33 AM] Link to comment Share on other sites More sharing options...
ADSOFT Posted June 5, 2003 Author Report Share Posted June 5, 2003 <blockquote>Originally posted by cookiemnsterOK, my EQ score has gone up with almost every dispute, then come down again if the disputed item was verified. So I can say with certainty that your EQ FICO score will go up when you dispute stuff. Since EQ's FICO is a true FICO, it stands to reason that it would apply to the other CRA reports as well.You also must take into consideration that not all lenders use the version of FICO that you can buy from the CRA's, some of them have their own internal scoring model developed by Fair Isaacs that may not remove the disputed tradeline from the scoring algorithm. </blockquote>Totally, agree with everything you said. Question?, When you disputed did you dispute via CRA on EQUIFAX,FWIW, Pg's EQUIFAX SCORE goes up but Experian's won't!!!! Link to comment Share on other sites More sharing options...
Swede Posted June 5, 2003 Report Share Posted June 5, 2003 <blockquote>Originally posted by cookiemnsterOK, my EQ score has gone up with almost every dispute, then come down again if the disputed item was verified. So I can say with certainty that your EQ FICO score will go up when you dispute stuff. Since EQ's FICO is a true FICO, it stands to reason that it would apply to the other CRA reports as well.You also must take into consideration that not all lenders use the version of FICO that you can buy from the CRA's, some of them have their own internal scoring model developed by Fair Isaacs that may not remove the disputed tradeline from the scoring algorithm. </blockquote>Ok, so Cookie just stole my revisited post which is what I wanted to add to it. Yes, EQ is the one that will show the increase, but like Ms. Cookie said, there's plenty of different formulas for calculating the score, for example Fair Isaacs Nextgen scores. Don't be so sure that the score you see from EQ will be the exact score a lender will see even if he does use EQ. And in all actuality, the EQ score we refer to as the true FICO is called a Beacon score, a FICO score is an acronym for Fair Isaac Credit Organization. Link to comment Share on other sites More sharing options...
ADSOFT Posted June 5, 2003 Author Report Share Posted June 5, 2003 <blockquote>Originally posted by sisflomiDo you always trust what the ca says to you? Its not gonna happen, even if you do dv with crrr. Not one ca I sent dv too showed as in dispute.</blockquote>No, I don't, that's why I added the written DV thing on my post!!! Link to comment Share on other sites More sharing options...
ADSOFT Posted June 5, 2003 Author Report Share Posted June 5, 2003 Not trying to be a wise-guy here, but the disputes you guy are talking about, were they done via a DV to the CA??? Link to comment Share on other sites More sharing options...
edubb007 Posted June 5, 2003 Report Share Posted June 5, 2003 I disputed w/ Eq directly. That was where I got the score and my Mortgage broker told me my scores along w/ E*Trade. Well E*Tade whispered it as the same as my Fake BEACON score. Thanks Swede! So I useed the lenders that used EQ. I learned that from here. As soon as I disputed the items I bought another report to check my score from EQ that's when I saw the difference. It was quit the difference. I was sweating it though when I got the loan from E*Trade but now I feel fine. I paid my first payment on time and a second in way advance just in case! L8R Link to comment Share on other sites More sharing options...
ADSOFT Posted June 5, 2003 Author Report Share Posted June 5, 2003 <blockquote>Originally posted by edubb007I disputed w/ Eq directly. That was where I got the score and my Mortgage broker told me my scores along w/ E*Trade. Well E*Tade whispered it as the same as my Fake BEACON score. Thanks Swede! So I useed the lenders that used EQ. I learned that from here. As soon as I disputed the items I bought another report to check my score from EQ that's when I saw the difference. It was quit the difference. I was sweating it though when I got the loan from E*Trade but now I feel fine. I paid my first payment on time and a second in way advance just in case! L8R</blockquote>I wanted to dispute with the CA via a DV and make sure they put it in dispute then run a 3 CR'S.But, I thank you for your answer, at least I know that if a creditor uses EQUIFAX, I can dispute a date and get my score up!!! Link to comment Share on other sites More sharing options...
cookiemnster Posted June 5, 2003 Report Share Posted June 5, 2003 Your score won't go up if you dispute with a CA and they note the account as disputed on your reports.It only fluctuates if you ask the CRA to investigate it.If a CA notes your account as in dispute, in the same spot where it says it's disputed if you dispute with the CRA, it will say something along the lines of "Consumer disputes account information" or the FCBA notation mentioned above, or I've even seen something like "Consumer disputes under Fair Credit Reporting Act" as opposed to the "Consumer disputes - reinvestigation in progress" that EQ throws up there during a CRA dispute.Make sense? Link to comment Share on other sites More sharing options...
Swede Posted June 5, 2003 Report Share Posted June 5, 2003 <blockquote>Originally posted by cookiemnsterMake sense? </blockquote>Yes mam! Link to comment Share on other sites More sharing options...
timbercreektech Posted June 5, 2003 Report Share Posted June 5, 2003 And if it is an $7500 account with a only 10% utilization and 6 years old with 1 30 day late. If you dispute it, I betcha score actually goes down. No 1 trade line stands by its self when it comes to scoring. It is all held in context to the complete report.My 2 Cents. Link to comment Share on other sites More sharing options...
ADSOFT Posted June 5, 2003 Author Report Share Posted June 5, 2003 <blockquote>Originally posted by cookiemnsterYour score won't go up if you dispute with a CA and they note the account as disputed on your reports.It only fluctuates if you ask the CRA to investigate it.If a CA notes your account as in dispute, in the same spot where it says it's disputed if you dispute with the CRA, it will say something along the lines of "Consumer disputes account information" or the FCBA notation mentioned above, or I've even seen something like "Consumer disputes under Fair Credit Reporting Act" as opposed to the "Consumer disputes - reinvestigation in progress" that EQ throws up there during a CRA dispute.Make sense? </blockquote>I here what you're saying, but ... it doesn't make sense to me for the following reason:Why would the FTC/CONGRESS/FCRA force the OC/CA to stipulate that a TL is under dispute if not to allow the consumer to let future creditor know that there is a dispute, and possilbly get better credit terms ????????? Link to comment Share on other sites More sharing options...
ADSOFT Posted June 6, 2003 Author Report Share Posted June 6, 2003 bumping, for an answerNot trying to be a wise-guy, but that is how see it..... I'll read the FCRA tonight see if I missed anything. Link to comment Share on other sites More sharing options...
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