General Credit Topics

[MOMO30]

Hi, Today I got an alert from score watch that my ex score went from 628 to 597 I went over both reports nothing new was added I haven't applied for anything so I don't understand if anyone knows how can I find out what happened please let me know that's a big drop and there's nothing different on the two reports from when my score was 628 to now 597

Message Edited by llecs on 07-21-2009 08:04 AM

[llecs]

MOMO30, I split your post off the other thread within Mortgages to keep that on-topic. I had to edit your subject line. If you'd like to change it to something else, feel free to click "Options" and then "Edit Message".

First off, and this certainly confused me when I first joined: EX or EXP = Experian and EQ or EFX = Equifax. SW offers monitoring service via EQ.

Look over in great detail the before and after reports from EQ. Look for any changes like date changes, balance changes, added red flags, especially look on pages 2 & 3 for changes including stats within those. Look at the Credit-At-A-Glance page for changes in those numbers including any added red flags. Post back if you see anything. I've seen some post drops just because a CO or CA updated w/ a late or changed the reported date or DOLA date. That alone can drop your score by that much.

[wndrwmn78]

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llecs wrote:

MOMO30, I split your post off the other thread within Mortgages to keep that on-topic. I had to edit your subject line. If you'd like to change it to something else, feel free to click "Options" and then "Edit Message".

First off, and this certainly confused me when I first joined: EX or EXP = Experian and EQ or EFX = Equifax. SW offers monitoring service via EQ.

Look over in great detail the before and after reports from EQ. Look for any changes like date changes, balance changes, added red flags, especially look on pages 2 & 3 for changes including stats within those. Look at the Credit-At-A-Glance page for changes in those numbers including any added red flags. Post back if you see anything. I've seen some post drops just because a CO or CA updated w/ a late or changed the reported date or DOLA date. That alone can drop your score by that much.

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An updated DOLA on a collection can drop your score that much? Yikes. I have one $50 medical collection from 2006 that I stupidly tried to dispute online before learning about the correct process, and the DOLA was updated to 2009 when they verified it. I have no idea how much it dropped my score at the time, but it's sure depressing to know that my score could be that much higher right now if I had left it alone! I sure hope I see some of that score come back if I can get it deleted.

[nothingman02]

Examine your CA accounts, if any, before and after. DOFD, DOLA, A/C status, A/C type fields, Balance, category (collection or other a/cs), open or closed, type of loan, comments, etc..

[MOMO30]

Thanks guys I went over all of the dates and a Con Edison account updated on my report i've already dv my next step is to try PFD its only $427. I have no problem paying but I would love for them to delete the account cause by me paying is only going to lower my score once they update on my report thanks guys for the information by the way the CA is Portfolio Recvry if anyone has had any success please let me know.

[pattycake]

Check out the Rebuilding Credit Forum and look up how to ask for PFD.  

[mspiggye]

I had two accounts in 2004 that went to Portfolio Recovery.  I paid the accounts before I knew what a PFD was. In 07, I started sending GW letters explaining that their reporting on my CR was hurting my score and possibly would keep me from becoming promoted in my job. Both baddies were removed 15 days after they received the letter.

FICO EX- 656 TranU - 687 FAKO -658

WILL BE A MEMBER OF THE 700 CLUB!!