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Account Updated On CR, Not Sure what the difference is?

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adamkingadam
Regular Contributor

Account Updated On CR, Not Sure what the difference is?

I received an alert notifying me that a negative account was updated, the change was this:

Charged Off Account Account Closed By Credit Grantor Amount In High Credit Is Original Charge-Off Amount 

 

Updated to this:

 

Charged Off Account Account Closed By Credit Grantor

 

Seems like the same comment, just shorter, what difference if any would this update effect my CR?  Thanks!

Starting Scores: 1/1/2016
EX 600 EQ 598 TU 610
Current Fico Scores (9/2016):EX: 674 EQ: 678 TU: 689
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Account Updated On CR, Not Sure what the difference is?

Date of last update must have changed. Older the negative, less effect it has on your FICO scores.
Message 2 of 3
takeshi74
Senior Contributor

Re: Account Updated On CR, Not Sure what the difference is?

Worst case it's updated and has a greater impact.  Best case, no change.  Hit the Rebuilding subforum and carefully research to see if there's anything you can do about it.  You want removal, if possible.

Message 3 of 3
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