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?