guyer6719 Posted July 24, 2008 Report Share Posted July 24, 2008 Is it true that while items are being disputed they are not visible on your credit report? So, if I am disputing lates with my mortgage company or any other creditor, does that mean that the account simply doesn't appear, or does it mean that the lates don't appear? Link to comment Share on other sites More sharing options...
LeslieR Posted July 24, 2008 Report Share Posted July 24, 2008 Sometimes a collection account is suppressed - but usually just marked disputed. Pull your CRs to see (don't go by a trimerge). Link to comment Share on other sites More sharing options...
admin Posted July 24, 2008 Report Share Posted July 24, 2008 It's not true. However, while in dispute, the listing is supposed to read something like "consumer disputes". Does that help your score? I'm not sure but if I had to guess, I would say no. Link to comment Share on other sites More sharing options...
NASCAR_Devil Posted July 24, 2008 Report Share Posted July 24, 2008 It's not true. However, while in dispute, the listing is supposed to read something like "consumer disputes". Does that help your score? I'm not sure but if I had to guess, I would say no.If you submit your dispute on-line, the CRA has the ability to "soft suppress" the TL which may look like it was deleted. When the data furnisher submits their monthly updates, the TL will show back up. See this stickie by Methuss:http://debt-consolidation-credit-repair-service.com/forums/showthread.php?t=263996 Link to comment Share on other sites More sharing options...
dlpt2a Posted July 25, 2008 Report Share Posted July 25, 2008 If you submit your dispute on-line, the CRA has the ability to "soft suppress" the TL which may look like it was deleted. When the data furnisher submits their monthly updates, the TL will show back up. See this stickie by Methuss:http://debt-consolidation-credit-repair-service.com/forums/showthread.php?t=263996Yes, it help your score if the comment is on a negative account, FICO software skips any account with that "Disputed by Consumer" remark, the diference can be up to 100 points in some cases.Carl.- Link to comment Share on other sites More sharing options...
lovebug5 Posted July 25, 2008 Report Share Posted July 25, 2008 Yes, it help your score if the comment is on a negative account, FICO software skips any account with that "Disputed by Consumer" remark, the diference can be up to 100 points in some cases.Carl.-Where are you getting this information? I'd really be interested to know... Link to comment Share on other sites More sharing options...
LeslieR Posted July 25, 2008 Report Share Posted July 25, 2008 Me too - because I'm pretty sure it's 100% false. Link to comment Share on other sites More sharing options...
thomassl Posted July 25, 2008 Report Share Posted July 25, 2008 I would also like to know where you get this information? It doesn't sound logical! Link to comment Share on other sites More sharing options...
LeslieR Posted July 25, 2008 Report Share Posted July 25, 2008 LMAO otherwise none of us would be here - we'd dispute our negatives and be done with it! Sorry, Carl...but we're not buyin' it. Link to comment Share on other sites More sharing options...
dlpt2a Posted July 25, 2008 Report Share Posted July 25, 2008 I'm not asking you to buy anything, the fact is that when an account good or bad have that FCRA mandatory remark reported by the furnisher the score algorithms in all CRAs skip the account in the calculations. To be completely honest I have to say that I'm not 100% sure that the accounts are totally skipped I don't have enough data yet to be sure but I do know that at least they are skiped in a 80 or 90%.I do credit repair and I see this happening over and over, I always advise that they will see a maybe temporal increase right away in the scores as soon as I start challenging the creditors and it might go back down right before deletions before they get the real increase.Usually the creditors only keep that comment for one or two months if you don't pursue the issue futher, they are aware of the effect on scores.You can see also this in those Equifax score power (I think FICO simulator) Check if any account have the remark and check the total balance in your accounts, the part about paying off, the numbers won't mach.Carl.- Link to comment Share on other sites More sharing options...
Bigwoodystyl Posted July 26, 2008 Report Share Posted July 26, 2008 I'm not asking you to buy anything, the fact is that when an account good or bad have that FCRA mandatory remark reported by the furnisher the score algorithms in all CRAs skip the account in the calculations. To be completely honest I have to say that I'm not 100% sure that the accounts are totally skipped I don't have enough data yet to be sure but I do know that at least they are skiped in a 80 or 90%.I do credit repair and I see this happening over and over, I always advise that they will see a maybe temporal increase right away in the scores as soon as I start challenging the creditors and it might go back down right before deletions before they get the real increase.Usually the creditors only keep that comment for one or two months if you don't pursue the issue futher, they are aware of the effect on scores.You can see also this in those Equifax score power (I think FICO simulator) Check if any account have the remark and check the total balance in your accounts, the part about paying off, the numbers won't mach.Carl.-Are you kidding me, "Carl"?!So, all one has to do is dispute all the negatives and then run to Web sites and get auto-approved for credit with an 800 FICO?! It's that easy!! Really, it is... "Carl" from the internet told me.... Hey, thanks for the tip, Carl!!Don't forget to buy Carl's new book, chock full of "life lessons" and other misadventures..."Don't be a menace to your grandmother while living in her basement and wasting your life" is on sale now! Link to comment Share on other sites More sharing options...
dlpt2a Posted July 26, 2008 Report Share Posted July 26, 2008 Allright, I'm not going to get myself into a personal argument with anybody but don't put it like that the true is that in january 2008 when I started to work in my credit I had a score of 593, three months later my score was 776 so I must be doing something right. About the remark thing, and since nobody believed it, last night I been putting together some data and writing a new little module, to add to computer model that I been working on for the ast few months. I got some results. It turns out that the balances of any accounts with that remark are not counted in your Debt/Credit ratio but if it is a bad account somehow (Still have to figure this one out) it still having some weight in the real FICO score, I couldn't get any of my simulations go over 715 with one charge off wich seems to be that FICO software does but I have the feeling that I am solving this problem in a totally diferent way than FICO does, so it is the wrong way, I still have to work on it.I don't think that it will be as easy as you said. Also I don't think that there is such a thing as automatic approval based on the score only, The CRA must be sending to the evaluation site score plus different codes like number of bad accounts, number of inquiries....The most clear example I found manually digging in the data.... From Equifax credit report, revolving accounts balances $340, $355, $240 Total balance 923. The card with 228 balance is the only bad account 90 days late, the 228 are also listed as past due and the account have the remarkFrom FICO simulator, Score 716 Same report, same date, the score given by my litle soft when I feed it this articular report is only 687, it still needs a lot of work seems that I missing some factorsEquifax software saysYou currently have a combined revolving balance of $695. Simulate how your FICO® score might change if you pay down:And alsoYour current balances past due are $0....So Equifax's soft is not using that account's balance, The credit limit is also not counted Link to comment Share on other sites More sharing options...
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