HELP!!! I FILED ONLINE DISPUTES AS "NOT MINE" ON OLD CHARGED OFF BUT PAID STUDENT LOANS LAST NIGHT. THIS AFTERNOON I RECEIVED AN ALERT THAT MY SCORE WAS LOWERED BY TWO POINTS BECAUSE AN ACCOUNT HAD RECENTLY CHANGED. WHEN I LOOKED UP THE SPECIFICS, THE ONLY CHANGE WAS THAT IN THE DESCRIPTIVE LINE ON THE ACCOUNT, THE LANGUAGE WENT FROM "STUDENT LOAN" TO "NOT ON RECORD". WHY SHOULD THIS LOWER MY SCORE SIMPLY BECAUSE I DISPUTED THE ACCOUNT.
If it was your loan, even a charged off loan, if paid, might have contributed positively to the "history" part of the FICO calculation. Two points is not significant either way.
