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     | Saturday, February 03, 2001 - 10:58 am  I disputed a charge on my Providian card. I recently received my Experian report. And the entire history, cl, balance, everything is gone. and it states account in dispute - reported by subscriber. Is this normal. I disputed a charge - not the account. I believe this could take 90 days or so before it's history is re-reported, assuming that will happen once the dispute is resolved. Does this have a negative effect? This is my oldest open trade line. Total newbie to this please forgive my ignorance Kelly
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| | Saturday, February 03, 2001 - 11:54 am Out of the gate, I'd say it could possibly hurt your scores because the deletion could screw up the percentage of revolving credit you are using compared with your total lines. It could also affect the average age of your accounts. On the other hand, it might actually be a good thing if you were maxed out on the Providian card, had low-use percentages on your other cards and a longtime payment history. Such a scenario might actually result in your score receiving a temporary boost. I had something similar happen once. I disputed a balance reported by the CRA and they deleted the entire tradeline when the company didn't respond to the dispute. This temporarily resulted in the loss of a lengthy tradeline, but the company put it back after I wrote a letter to them.
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| | Saturday, February 03, 2001 - 02:10 pm Kelly, no ignorance to forgive, this is a real good question. I agree with Maurice, the effect on the scores depends on the rest of your credit data. But disputing a balance with the CRAs is different from disputing a charge with the creditor. I see the "account in dispute" notation quite a bit while the CRAs are investigating. I don't understand why the dispute of a CHARGE would result in any change in the reporting OTHER than the account balance. When you dispute a charge, the creditor should *temporarily* remove that charge until the dispute is resolved and you don't pay finance charges on the amount disputed. The exact wording should be on every credit card bill and in the terms. Kelly, I would call Providian and ask what they're doing, especially since it's your oldest open account.
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| | Sunday, February 04, 2001 - 06:41 am You're quite correct in noting that the account is marked as in dispute and all credit history vanished for a period of time. I had been forced to charge back tickets I purchased through http://www.ticketmaster.com/ and during the period of the dispute the tradeline was literally a ghost of its former self.
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| | Sunday, February 04, 2001 - 10:51 am So, is that an attempt to get people to NOT dispute any charges? After all, someone with few accounts will see a significant impact on the credit scores.
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| | Monday, February 05, 2001 - 06:46 am I would think a clever consumer would be able to manipulate this to his/her advantage. Unless I am misunderstanding you, I could set up a dispute to wipe out a tradeline that has lates or too high a balance in an attempt to up my scores. It seems like maybe the company cloaks the whole tradeline to avoid any complications from a disputed balance that goes past 30 days or something.
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| | Monday, February 05, 2001 - 09:10 am You're right, IF all creditors report the disputes. I'm just sorry for the merchants. Don't try that with me! 
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