Wait until acct is closed to dispute?

[carajul]

A buddy of mine told me something that kinda makes sense. When you have a bunch of 30-day lates on one account, you should wait until the acct is closed and charged off and closed up before you dispute the items. He said if it's still open/active then it's easy for the creditor to verify. But once it's closed it is more difficult or they may not care or be able to find your paperwork.

Opinions plz...

[CreditCrisis]

Psh...sounds smart to me!

[Trish]

It really depends on the company and their database. How well they keep their records and how organized they are.

What I don't agree with is waiting for an acct to close/CO. If there is ANY chance you have to keep it open and in good standing.....you need to try.
Lates look bad on an open acct and yes, it is damaging but a CO is much worse. Lenders DO NOT want to see COs. It's a pretty bad mark on your credit.
Another thing........if you let an acct CO........more than likely it's for a high amount (otherwise you would have probably paid it). Be careful poking around and disputing because if it just closed and charged off, then it's still probably within SOL and you could get sued.

Trust me......you do not want to deal with that.