bossfan

Dispute Changed Account Status

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We disputed a Wells Fargo Card Services account that was settled for less than full amount in 2003, but was continuing to be reported as "Key Derogatory" ever since then on his Experian Account. We were then notified of a "Possibly Negative" change to his report which now says "Settlement Reported"

Did we just screw ourselves? What should we do next?

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We disputed a Wells Fargo Card Services account that was settled for less than full amount in 2003, but was continuing to be reported as "Key Derogatory" ever since then on his Experian Account. We were then notified of a "Possibly Negative" change to his report which now says "Settlement Reported"

Did we just screw ourselves? What should we do next?

Before you disputed, was it reporting as settled? It sounds like they just updated the CR to indicate paid in settlement, which won't do much if anything to your report. Paid collections are just as bad as unpaid ones.

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