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I recently submitted a dispute to the credit bureaus to have some errors corrected and information updated. Will my FICO score automatically increase when these errors are fixed?

The effect of accepted disputes on FICO® scores

 

Question: I recently submitted a dispute to the credit bureaus to have some errors corrected and information updated.  Will my FICO score automatically increase when these errors are fixed?

Answer: 

Often your score will improve when errors on your credit report are corrected.  In some situations, however, your score may not improve when credit information is corrected or updated. For example:

  • It is often thought that closing credit card accounts will improve your FICO score. This is not true.  Closing an account will neither remove it from your credit report, nor will it prevent the payment history from continuing to be displayed and considered in the calculation of your FICO score.
  • Removing negative information from your credit report may not have the impact on your FICO score that you expect. There could be additional negative information remaining that will prevent an immediate increase in your FICO score.
  • FICO scores only consider credit-related information on your credit report. If you change personal identifying information (address, SSN, employer, date of birth, etc.), the credit information on your report will not be impacted and your FICO score will probably not change. The FICO score only considers credit account, collection, and public record information.

 

It typically takes the credit bureau 30-45 days to respond to your dispute.