There’s two ways you get a disputed account.
…either you dispute the account yourself with the credit bureaus.
…or, you higher someone to dispute the account for you.
When your credit is pulled the prospective lender will see that your account has been “disputed”.
Your prospective lender should go ahead and run your file through the Conventional automated underwriting engine.
Automated underwriting will either recognize the “dispute” and ask you to verify it’s not yours, or remove the dispute.
Or, automated underwriting will not recognize the “dispute”. If it doesn’t recognize your dispute – you don’t have to worry about the dispute.
However, usually it will recognize your disputed account. You will have to remove the dispute. This can be time consuming, and it can also be tricky.
Here is a link with a letter that you can use to remove your disputed account. …use it in good health! …and, good luck.
If you need help, or more advice on how best to get the disputes off – please give me a call or shoot me an email.
That’s it for today!
Have a good day! …and thanks for reading.
Brett
I’ve written about this before, but we have more and more people passing the age…
I had this situation come up again last week, and I wanted to address it…
One of the most important things you will have to do when you apply for…
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
Do you have investment property, and would like to pull cash out of your property?…