The Dispute over Disputing Disputes (on Credit Reports)

One of our most frequent credit issues involves reported “disputes.” Borrowers report an account in “dispute” whenever they believe some credit data (usually late payments) is reported in error.

We usually need to remove the “disputes” from the credit report altogether with an expensive “rapid rescore” and borrowers often do not like this.

We have to remove the disputes, however, b/c the accounts in dispute are not accounted for by credit scoring models. Lenders are therefore not getting an accurate credit score when some accounts are in dispute (borrowers could easily dispute all their accounts with poor histories and artificially elevate their credit scores).

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646