I frequently see that lenders will often decline a loan, especially a mortgage loan, if there is a dispute comment showing on the credit report. Often they will ask for the dispute comment to be removed before approving you.
Credit inquiries are the most misunderstood items relating to credit scoring. The Fair Isaac Corporation (FICO), which compiles credit scores for the three major credit bureaus, likes to keep consumers in the dark about the details of their proprietary credit scoring model.
If you’re looking into credit repair, the Fair Credit Reporting Act’s (FCRA) Section 611 allows for consumers to challenge questionable items on their credit reports.