In Consumer Credit

How a consumer dispute can stop or slow your loan when submitting to Fannie Mae and Freddie Mac.

Many lenders guidelines have recently changed to not accept a loan for underwriting when a consumer dispute is showing on your credit report. To avoid such problems do not start any disputes during the home loan process and make sure all disputes have cleared from all three bureaus; Equifax, Trans Union, and Experian before applying for a loan. You may also stop all disputes by calling each bureau directly.  Consumer disputes can and will cause loans to stop during the underwriting process be careful when using credit repair companies also as their primary action is to dispute most everything on your file flooding the bureaus in hopes of having items removed from your credit file.

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