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Regular Contributor
Posts: 181
Registered: ‎07-13-2007
0

Re: Credit Score Changes for 2017


Thomas_Thumb wrote:

TygerHawke wrote:

Dalmus wrote:

So if I read correctly, it only effects the latest versions of the scores the CRA's create themselves?  So this won't effect anybody's FICO, only the Vantage scores?


What I read is that this will eliminate data from the report itself, regardless of scoring model.  So in theory that should improve things across ALL scoring models - Fico, Vantage, whatever


It will potentially help those who have dirty files with tax liens holding their score down. A tax lien, if your file is otherwise clean, can be holding down score to the tune of 70 to 100 points. For those with clean files it has no scoring benefit. 


I was hoping that was the case for me, I had clean file on TU except for two paid tax liens. I was successfull in having them removed however I received no score increase. 

Starting Scores: 1/1/2016
EX 600 EQ 598 TU 610
Current Fico Scores (9/2016):EX: 674 EQ: 678 TU: 689
Valued Member
Posts: 35
Registered: ‎02-05-2015
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Re: Credit Score Changes for 2017

I disputed my judgement on all three CRAs based on this information and experian deleted the judgement, Equifax just reported as verified and transunion is still pending hopefully it gets deleted like EX. My guess EQ will be a pain to get it removed, seems like they're more of a pain to get things removed this past year. Thank you guys for sharing this info.

Fico 8 Scores as of 10/12/16: TU 637; EQ 621; EX 685


Cap1 QS - $5300; Cap1 QS1 - $2000; Cap1 PS - $2750; Amex Everyday - $1000; Discover IT - $1000; Barclaycard - $850; BOA Part Secured - $500; Store Cards: over $10000
Contributor
Posts: 78
Registered: ‎05-05-2016
0

Re: Credit Score Changes for 2017

It would be nice if EQ followed allowed for delete for the satisfied judgments at least. I guess we'll have to wait them out.
New Contributor
Posts: 69
Registered: ‎07-23-2016
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Re: Credit Score Changes for 2017

I had two judgements that were included in my chapter 7 and I noticed they are not even listed with Experian. I checked TU and disputed them citing National Consumer Assistance Plan (2015) for an early exclusion and they were both deleted the next day.

 

Equifax has it still pending and didn't let me add any text. I assume they will just verify it and leave it on my report like they do with everything else. They are a pain to work with.

Valued Member
Posts: 35
Registered: ‎02-05-2015
0

Re: Credit Score Changes for 2017

Yes Equifax is a pain. On page 1 there's a link to a credit letter or something and my interpretation after reading it is only transunion and experian are planning on following that not Equifax. Hopefully they decide to change.

Fico 8 Scores as of 10/12/16: TU 637; EQ 621; EX 685


Cap1 QS - $5300; Cap1 QS1 - $2000; Cap1 PS - $2750; Amex Everyday - $1000; Discover IT - $1000; Barclaycard - $850; BOA Part Secured - $500; Store Cards: over $10000
Contributor
Posts: 78
Registered: ‎05-05-2016
0

Re: Credit Score Changes for 2017

I looked at the article again. The big CRAs including EQ were listed in the article. Not sure why they won't just delete if they agreed with the change.
Established Contributor
Posts: 1,002
Registered: ‎04-14-2016
0

Re: Credit Score Changes for 2017


2ndLife wrote:
I looked at the article again. The big CRAs including EQ were listed in the article. Not sure why they won't just delete if they agreed with the change.

From the last sentence of the 2nd paragraph in the article:  "a final plan regarding the information is expected to be implemented in July 2017."

 

long story short, it's not final (and enforceable) until it's final - and EQ is famous for not doing anything until they absolutely have to

Valued Member
Posts: 28
Registered: ‎07-25-2015
0

Re: Credit Score Changes for 2017

Adrabner,

 

What exactly did you say in your transunion dispute? Did you call or do it online? About a month ago I attempted to dispute based on this information but my tax liens returned as verified. While the rep was taking my information he stated that the information would be deleted once the implementaiton of the plan took place.

Valued Member
Posts: 35
Registered: ‎02-05-2015
0

Re: Credit Score Changes for 2017

I finally got my results back from Transunion and they deleted as well, so just EQ to deal with. I just filed dispute online with all 3 CRAs and both TU and EX deleted no questions asked. I selected that the judgement was vacated.

Fico 8 Scores as of 10/12/16: TU 637; EQ 621; EX 685


Cap1 QS - $5300; Cap1 QS1 - $2000; Cap1 PS - $2750; Amex Everyday - $1000; Discover IT - $1000; Barclaycard - $850; BOA Part Secured - $500; Store Cards: over $10000
Valued Contributor
Posts: 2,044
Registered: ‎05-05-2010
0

Re: Credit Score Changes for 2017


jeff500 wrote:

Yes Equifax is a pain. On page 1 there's a link to a credit letter or something and my interpretation after reading it is only transunion and experian are planning on following that not Equifax. Hopefully they decide to change.


In the letter,  it states that Equifax does not accept fees and fines prior to the plan announcement.

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