Credit Report question

[MJPEREZ77]

Hope Everyone is having a great day and week! I need help with the following: I had an account which I disputed and requested it be corrected (was reporting incorrectly). Account was around 10 years old (student loan) and Paid As Agreed and Closed. Instead of correctly reporting it the creditor completely removed it from all 3 bureaus. I am wondering if I should request that it be correctly reported or let "lying dogs" be. Would it factor into my credit scores substantially (I.e boost my scores) as I need every point I can get.

 

Thanks

[Mustard on Fries]

How old is your next oldest account?

[cv91915]

If it was reporting as "paid as agreed" why did you dispute it?

[MJPEREZ77]

If it was reporting as "paid as agreed" why did you dispute it?

 

I apologize, it was corrected to be reported that way, was previously reported incorrectly.

[MJPEREZ77]

How old is your next oldest account?

Oldest open account is 8/2002.

[MJPEREZ77]

How old is your next oldest account?

Actually between that account and my current CC's there is nothing open or closed with that kind of age.

[david_weaver]

Do you mean the account was 10 years old, or it had been closed for 10 years?

 

Let me see if understand?

 

It was being reported incorrectly. You disputed it. They corrected it to show positive. Then it went away? What changes were there to the scores as each change happened?

[MJPEREZ77]

Do you mean the account was 10 years old, or it had been closed for 10 years?

 

Let me see if understand?

 

It was being reported incorrectly. You disputed it. They corrected it to show positive. Then it went away? What changes were there to the scores as each change happened?

 

I apologize for not being more specific.... There were 2 separate accounts, both were reporting incorrectly, they fixed one and not the other. So when I realized one was reporting as it should and the other was not, I called lender then filed dispute with bureaus as lender said they were reporting correctly. Scores went up upon corrected account and then up again upon negative account being deleted. I am wondering if it is worth it in terms of my scores to have deleted account reported correctly and put back on credit reports.

[david_weaver]

There is a lot of talk on here about the 'law of unintended consequences' and how sometimes, in an effort to get things too perfect, something you did not intend happens and throws a wrench in your plans.

 

If it were a matter of making a specific score (say, 620 to qualify for a mortgage) and every other option had been exhausted, I would say to go for it. But if, say, they screw up and put both the positive and negative back in, you could be worse than you are now.

 

I guess it depends on whether you just want the points and are working to pump your score, or you NEED the points and are willing to gamble?

 

And the lender would really be under no obligation to comply with a request to reinsert. Bad stuff CAN stay no more than 7 years. Good stuff CAN stay as long as 10 years. But if the lender felt they were having problems with accuracy that could lead to future disputes (or as in the case of my current war with US Bank, CFPB complaints and possible legal action), it seems more likely they deleted rather than make an effort to fix now or to risk future issues.

[MJPEREZ77]

There is a lot of talk on here about the 'law of unintended consequences' and how sometimes, in an effort to get things too perfect, something you did not intend happens and throws a wrench in your plans.

 

If it were a matter of making a specific score (say, 620 to qualify for a mortgage) and every other option had been exhausted, I would say to go for it. But if, say, they screw up and put both the positive and negative back in, you could be worse than you are now.

 

I guess it depends on whether you just want the points and are working to pump your score, or you NEED the points and are willing to gamble?

 

And the lender would really be under no obligation to comply with a request to reinsert. Bad stuff CAN stay no more than 7 years. Good stuff CAN stay as long as 10 years. But if the lender felt they were having problems with accuracy that could lead to future disputes (or as in the case of my current war with US Bank, CFPB complaints and possible legal action), it seems more likely they deleted rather than make an effort to fix now or to risk future issues.

 

Thanks for the response! I will let it be, can't imagine it would bump my scores up 20+ points, lol. That would be worth the risk as it would take me over 730+, lol. Again, thank you for your help. Have a great day!