macboy Posted March 29, 2007 Report Share Posted March 29, 2007 I disputed 2 TL's with Experian and Equifax. My "myfico" scores just dropped 60 points as a result. How long does this drop last? Is it just during the "investigative" 30-45 day period? Can I expect it to at least return to previous score (assuming all other things equal) after the dispute period? Or do disputes take permanent chunks out of the score.If I would have known it would do this I would have not disputed right now. Link to comment Share on other sites More sharing options...
bridgett68 Posted March 29, 2007 Report Share Posted March 29, 2007 3 TLs i was disputing made my score dropped too. Your FICO already low cause of the bad debt so why does it drop more when you dispute. I see some changes in the TL like the balance went down from $1580 to $1568 ( I would think thats a good thing ) the other TLs the only change i see is in the status from unpaid to checked ( I guess meaning verified ) I only paid one of them with a RE check and changed from reinvestigating in process/consumer disputes acct .....changed to consumer disputes acct/ collection account (which it was already a CA)GO FIGURE why the score drop !!!! Link to comment Share on other sites More sharing options...
Northern Lights Posted March 29, 2007 Report Share Posted March 29, 2007 This strangle hold they have on our credit reports has to end! Now if you pay off your cards or pay down loans it takes forever for the change to occur! The reporting agencies say it's the creditor who is at fault and the creditors say they report as soon as the payments are made and it's the credit bureaus at fault.Either way the postive stuff takes forever to report, because God forbid, you might get a better interest rate and the loan sharks can't make more money off you.This should be a class action law suit, because they more or less are saying you dispute we will lower your score! Link to comment Share on other sites More sharing options...
SecretAgentWoman Posted March 30, 2007 Report Share Posted March 30, 2007 I have never seen a score drop just because of a dispute. Are you sure there were NO changes to your CR whatsoever? Link to comment Share on other sites More sharing options...
macboy Posted March 30, 2007 Author Report Share Posted March 30, 2007 I don't believe there were any changes. And the drop literally happened the next day after I got off the phone disputing. The only change to the TL's is that the status reads "consumer disputing". Perhaps the "dispute" mimmicks what the score would do if the TL's were gone and during the dispute your score is being calculated as if they didn't exist. That is all I can think of. Link to comment Share on other sites More sharing options...
macboy Posted March 30, 2007 Author Report Share Posted March 30, 2007 It was Equifax that dropped. Experian did not. I know this because Equifax is currently reporting the 2 TL's as the possible reason for the drop. They are being reported as "consumer disputes". Link to comment Share on other sites More sharing options...
CantCU Posted March 31, 2007 Report Share Posted March 31, 2007 It was Equifax that dropped. Experian did not. I know this because Equifax is currently reporting the 2 TL's as the possible reason for the drop. They are being reported as "consumer disputes".I just disputed a CA TL and it is showing on my report as disputed. I received a recent alert saying "new collection" but it wasn't new at all but an update on the old one...still says disputed. My score actually went up when the "disputed by consumer" hit the report. Link to comment Share on other sites More sharing options...
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