disputes online

[bkfiler]

do making dispustes 'online' rather then in writing make the required time for a reply from creditor go from the normal 30 days to 60 or 90?

i remember reading something about that but need proof. the laws state 30 days only and if you provide a document with the request it is allowed to be extended to 45 days.

[AAAArt]

Just what I've heard. Don't shoot me, I'm just the messenger. Online disputes have no timetable, because there is no way to prove that you disputed or what was said. That's my story and I'm sticking to it. Art

[StaciMM]

Technically the disputes have the same time allowance, but I think you've got a good point in that without a paper trail, its hard to prove when you started.

And I have read that if you're using a free report, they have 45 days.

I've had some success, and disappointment, with disputing. Got alot of things fixed. But, EQ reported my student loans as 'never late' when they updated a while back to show deferred (due to the BK). I got the bright idea to dispute the lates with EX & TU. Now, Wells Fargo has corrected EQ.

[Genenco]

YES, YES, YES! That has been repeated by every financial expert for a long time "GET IT IN WRITING!!"

You cannot trust these companies PERIOD! They WILL lie to you ANYTIME THEY WANT TO as long as they get the $$$ They couldn't care and less!!

[sobroke]

I have disputed a lot of my stuff online (some time to kill- I guess) and have had great results (so I thought). I am using truecredit.com and it said my scores were around the 670s, well....I went to purchase a car this weekend and the gentleman showed me my score and it was 549!!!! My exp. report was showing all the things that I thought were disputed and resolved. I am not sure what is going on, but I was embarassed. I have heard some deceitful things from using credit monitoring services and I know the only way to get your real FICO score is to go to the actual CRA website and pay $10000000 for a stupid credit report that will make me upset all day long. Maybe it takes time to change on the "official record". Anybody know??

[StaciMM]

TrueCredit (or other score models) is not the same as FICO. Its a bit like sizes in clothes, shoes, etc. For one brand you might wear a size 7, and for another brand, it might be a size 8. DH has a 740 according to Experian's 'plus' score. I don't know what it really is, but I'm sure its NOT 740! Assume that other scores can vary +/- 100 points or more. (Some score models don't use the same range of 350-800 that FICO does. I signed up at Freecreditprofile.com for the free month & report & score, and it said I was 489. I was a bid down, until I noticed it had a range of 150-950.)

FICO is the most commonly used scoring model for applications, but its not the only one. Some creditors use something else and some creditors have their own internal model. There is also a 'mortgage enhanced' FICO and an 'auto enhanced' FICO. Variations on FICO to suit those industries. I don't know specifics, but I would imagine that for an auto inhanced score, they might weigh your prior auto history heavier than the regular FICO. (If I'm right, prior paid on time auto accounts would help, prior late payments on an auto account would hurt.)

Time improves credit to a certain degree. It moves old/bad things further into the past. The older things are, the less impact they have. A recent BK for example, hurts more than a 1-2 year old BK. Its also important to build good history after the bad. If score is a major concern, having revolving accounts (store and visa/mastercard, etc.) open w/ low balances and good payment history is important.

I have disputed a lot of my stuff online (some time to kill- I guess) and have had great results (so I thought). I am using truecredit.com and it said my scores were around the 670s, well....I went to purchase a car this weekend and the gentleman showed me my score and it was 549!!!! My exp. report was showing all the things that I thought were disputed and resolved. I am not sure what is going on, but I was embarassed. I have heard some deceitful things from using credit monitoring services and I know the only way to get your real FICO score is to go to the actual CRA website and pay $10000000 for a stupid credit report that will make me upset all day long. Maybe it takes time to change on the "official record". Anybody know??

[StaciMM]

PS
True Credit is great for watching what info/accounts is changing on your reports. That's all!

[tinroofrusted]

TrueCredit (or other score models) is not the same as FICO. Its a bit like sizes in clothes, shoes, etc. For one brand you might wear a size 7, and for another brand, it might be a size 8. DH has a 740 according to Experian's 'plus' score. I don't know what it really is, but I'm sure its NOT 740! Assume that other scores can vary +/- 100 points or more. (Some score models don't use the same range of 350-800 that FICO does. I signed up at Freecreditprofile.com for the free month & report & score, and it said I was 489. I was a bid down, until I noticed it had a range of 150-950.)

FICO is the most commonly used scoring model for applications, but its not the only one. Some creditors use something else and some creditors have their own internal model. There is also a 'mortgage enhanced' FICO and an 'auto enhanced' FICO. Variations on FICO to suit those industries. I don't know specifics, but I would imagine that for an auto inhanced score, they might weigh your prior auto history heavier than the regular FICO. (If I'm right, prior paid on time auto accounts would help, prior late payments on an auto account would hurt.)

Time improves credit to a certain degree. It moves old/bad things further into the past. The older things are, the less impact they have. A recent BK for example, hurts more than a 1-2 year old BK. Its also important to build good history after the bad. If score is a major concern, having revolving accounts (store and visa/mastercard, etc.) open w/ low balances and good payment history is important.

They call it a FAKO score, and it's just an estimate.

If you aren't getting it directly from a LENDER, or CREDITOR, don't trust your credit scores!

That seems to be the best advice that I can offer.

[sobroke]

The thing that gets me all confused is that I have noticed my truecredit scores going up. Things are coming back as either deleted or $0 IIB SO I THOUGHT! Then the cr that the auto dealership ran this weekend had everything on there. Does it take time for the actual CRAs to change the investigated stuff?

[StaciMM]

For TrueCredit-are you pulled a 3 bureau report, or only the Transunion report? If you're only looking at TU, the car dealership may have pulled Experian or Equifax.

[bkfiler]

truecredit pull all 3 but the score is only for their own which is TU.

[StaciMM]

TC has 2 subscriptions. I think its $5.95 to pull a TU report every day. And $9.95 (less if you go thru a site that gives a discount) to pull all 3 bureaus every day. It gives a score for each, but they are all generated by TC and not FICO.

My thought was if Sobroke checked w/ one bureau and the items were removed from that one, they may have pulled one of the other 2. Since bureaus don't share info, the 3 reports can be very different.

[sobroke]

I am looking at all three bureaus. I will just give it time. After all, I was discharged only a few weeks ago (November 21) Thanks for the help. I will pull my FICO scores as soon as I have everything disputed.

[bkfiler]

12/12 Deadline for Objections (Done)

done? oh no! no no no... it aint done until we see it entered - you aint slipping away from us that easy

i meant to say that TU gives you all 3 scores but that it tracks the trend for just the TU score. my mistake. thanks for clarifying it for me.


my real question though is i read somewhere that if you dispute online then they have 60 or 90 days to respond rahter then 30 or 45. however, the actual law only talks about 30 and 45 days in the statutes. i might have read this on a different board. anybody know about this?

[StaciMM]

I've heard the 30/45 (30 for a purchased copy, 45 for a free copy) but don't know anything about online being different. When I have submitted a dispute online, it gives an estimated completion date and that has been 45 days out.