Does anything negative happen to my credit if I dispute a late payment but it is upheld?

I recently disputed a late credit card payment. If it is not removed from my credit report though, will they take points off my score? Thanks!

Public Comments

1. I had this happen to me once with a medical bill. The hospital sent me a past due notice 2 years after-the-fact. I didn't recall it and disputed it through their collection agency. Turned out that I did owe the money and they provided the proof. It showed up on my credit report and took my credit score down about 25 points. After a year, my credit score was back to where it was before the disputed bill. If it's already on your credit report, you dispute it, and you are successful with the dispute, when you provide written proof to the credit rating agencies that it was solved in your favor, they should take it off, or at least make a notation that you were successful in the dispute and adjust your credit score accordingly.
2. No.
3. No! And it should be noted on your credit report that it's in dispute so other lenders will know not to hold it against you until it is resolved.
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5. No, you have a legal right to dispute charges on any bank accounts, be a loan, checking or savings.
6. If the late charge is upheld because you were wrong in the first place, it will go on your credit report. Every time you use your credit cards, make a payment, the amount of the payment, the date of the payment and even the ratio of outstanding balance to the unused portion of your credit line, these are all recorded. These are all the items that go into a credit report to determine your credit worthiness and points.
7. It shouldn't do anything to your score unless the late is on a closed account. Then you may lose the whole trade line - which will hurt. Other than that, the late notation will drop off on it's own at 7 years from the date of the late