Credit Report Update Inquiry

DWQA QuestionsCredit Report Update Inquiry
queefebituci asked 4 years ago

Hi All,


It has been a while since I last posted here on the Rebuilding Your Credit forum.  Notably,  I am attempting to solicit some opinions.  After consistently working to dispute negative informaiton on my Experian report – I was finally successful.  


I have a mortgage with Beneficial/HFC (investment property).  Beneficial/HFC closed all of their branches and no longer originates mortgages.  Loan servicing is terrible and as you can imagine – it has been a difficult battle correcting errors on my report.  However, during my most recent dispute – all negative history was removed from my Experian report.  


When creditors respond to disputes – how are these responses generally transmitted and/or processed.  Do creditors typically update their computer systems and push updated information to all CRAs or do they respond to CRAs manually with no update to their internal system.  


Conversely – I now want to initiate disputes with Equifax & TransUnion, however I don’t wan’t to push the envelope and risk the negative info being re-added to my Experian report.  I have decided to wait until the first of the year to determine if the creditor will automatically update my Equifax & TransUnion reports.  


However – if these reports are not updated, how would you guys proceed?  Is the reward worth the risk?



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