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Frequent Contributor
Familywantsahouse
Posts: 291
Registered: ‎02-25-2012
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60+ point FAKO drop for a baddie deletion?? WHAT?

oh man, this has me stressed. Only way to know obviously is another fico pull, but this habit is getting expensive.

 

Disputed my nearly 6 year old foreclosure THIS morning through TU and not an hour later they came back "investigation completed" tradeline deleted. Fine by me.

 

Well, I pulled my transunion FAKO this afternoon and it dropped from 714 to 655?? WHAT? WHY? That was the ONLY change.

 

That tradeline literally showed 2 60 day lates and one 90 day late and then the foreclosure. There was NO positive history for this tradeline. HOW could it be a 60 point DROP??

 

I still have two baddies showing, was I rebucketed? would the drop be THAT significant?

2/24 (Lender Pull) EQ 613, TU 553, EX 589
April EQ 633, My Fico TU 638, EX ??
Current EQ 643, TU 652, EX 633 (lender pull 5/11)
Goal (we made it!!)- Over 640 middle by 5/15
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pizzadude
Posts: 9,674
Registered: ‎01-28-2010
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Re: 60+ point FAKO drop for a baddie deletion?? WHAT?


Familywantsahouse wrote:

oh man, this has me stressed. Only way to know obviously is another fico pull, but this habit is getting expensive.

 

Disputed my nearly 6 year old foreclosure THIS morning through TU and not an hour later they came back "investigation completed" tradeline deleted. Fine by me.

 

Well, I pulled my transunion FAKO this afternoon and it dropped from 714 to 655?? WHAT? WHY? That was the ONLY change.

 

That tradeline literally showed 2 60 day lates and one 90 day late and then the foreclosure. There was NO positive history for this tradeline. HOW could it be a 60 point DROP??

 

I still have two baddies showing, was I rebucketed? would the drop be THAT significant?



I would ignore the FAKO score.   Quite often FAKOs move in the opposite direction of FICO scores, or sometimes they both go down or up.    You can't correlate them, they operate on different rules and scoring formulas.

 

IMO having a foreclosure gone is good regardless of what happens to your score.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Frequent Contributor
Familywantsahouse
Posts: 291
Registered: ‎02-25-2012
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Re: 60+ point FAKO drop for a baddie deletion?? WHAT?

Having the foreclosure gone makes getting through the UW process for a new mortgage much easier, for that I'm grateful...but I still need to get to a 640.

 

I'm waiting to pull until early May since I did a PFD and that CA won't update til May 7th anyways...so I don't need to waste 20 bucks when I'll pull after that anyways.

2/24 (Lender Pull) EQ 613, TU 553, EX 589
April EQ 633, My Fico TU 638, EX ??
Current EQ 643, TU 652, EX 633 (lender pull 5/11)
Goal (we made it!!)- Over 640 middle by 5/15
Established Contributor
kjm79
Posts: 1,008
Registered: ‎01-22-2008
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Re: 60+ point FAKO drop for a baddie deletion?? WHAT?

My guess is that even though it was a baddie, it may have been helping your AAoA.  But again. it's a FAKO, so until you see your FICO you won't know what damage/improvement actually occurred.  But agreed, it's a negative that's no longer on your reports which is always a good thing.  :smileyhappy:


Starting Score: TU? EQ 585 EX? (12/06) (CH 7 bk 11/04)
Current Score: (5/12) TU 699 (myFICO) TU 709 (WalMart) EQ 690 EX 686 (CC denial 7/11)
Goal Score: 720 Across the Board by Mid 2012
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Frequent Contributor
JohnPTEX
Posts: 402
Registered: ‎02-23-2012
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Re: 60+ point FAKO drop for a baddie deletion?? WHAT?


kjm79 wrote:

My guess is that even though it was a baddie, it may have been helping your AAoA.  But again. it's a FAKO, so until you see your FICO you won't know what damage/improvement actually occurred.  But agreed, it's a negative that's no longer on your reports which is always a good thing.  :smileyhappy:


+1 - AAoA was reduced


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


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Frequent Contributor
Familywantsahouse
Posts: 291
Registered: ‎02-25-2012
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Re: 60+ point FAKO drop for a baddie deletion?? WHAT?

I don't see how that's possible though. The account was literally 4 months old and then foreclosed, do closed accounts still factor into the AAoA? There are still plenty of old accounts on there (7 and 8 years old...)

2/24 (Lender Pull) EQ 613, TU 553, EX 589
April EQ 633, My Fico TU 638, EX ??
Current EQ 643, TU 652, EX 633 (lender pull 5/11)
Goal (we made it!!)- Over 640 middle by 5/15
Established Contributor
kjm79
Posts: 1,008
Registered: ‎01-22-2008
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Re: 60+ point FAKO drop for a baddie deletion?? WHAT?


Familywantsahouse wrote:

I don't see how that's possible though. The account was literally 4 months old and then foreclosed, do closed accounts still factor into the AAoA? There are still plenty of old accounts on there (7 and 8 years old...)


They do in fact factor into the AAoA.  And if it was one of the oldest and there are newer accounts, then it could drop your AAoA.  Have you figured out your AAoA with and without the account? 


Starting Score: TU? EQ 585 EX? (12/06) (CH 7 bk 11/04)
Current Score: (5/12) TU 699 (myFICO) TU 709 (WalMart) EQ 690 EX 686 (CC denial 7/11)
Goal Score: 720 Across the Board by Mid 2012
Take the FICO Fitness Challenge
Frequent Contributor
Familywantsahouse
Posts: 291
Registered: ‎02-25-2012
0

Re: 60+ point FAKO drop for a baddie deletion?? WHAT?

I couldn't take it. i pulled the FICO....638. Up 13 points.

2/24 (Lender Pull) EQ 613, TU 553, EX 589
April EQ 633, My Fico TU 638, EX ??
Current EQ 643, TU 652, EX 633 (lender pull 5/11)
Goal (we made it!!)- Over 640 middle by 5/15
Frequent Contributor
JohnPTEX
Posts: 402
Registered: ‎02-23-2012
0

Re: 60+ point FAKO drop for a baddie deletion?? WHAT?

Hahaha - FAKO's are the worst


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


Take the FICO Fitness Challenge
Established Contributor
kjm79
Posts: 1,008
Registered: ‎01-22-2008
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Re: 60+ point FAKO drop for a baddie deletion?? WHAT?


JohnPTEX wrote:

Hahaha - FAKO's are the worst


+11111111111  Haha.  True story.  I would've pulled a new report and score too.  No doubt about it.  Congrats on the score increase OP!


Starting Score: TU? EQ 585 EX? (12/06) (CH 7 bk 11/04)
Current Score: (5/12) TU 699 (myFICO) TU 709 (WalMart) EQ 690 EX 686 (CC denial 7/11)
Goal Score: 720 Across the Board by Mid 2012
Take the FICO Fitness Challenge

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