Rebuilding Your Credit

[LUCYCJ1]

So I have been working on my credit report for a few months.

Equifax 549

Experian 551

Transunion 532

I disputed a collection account (Unifund) and it was deleted by Experian and Transuion, Equifax is still pending. Credit score dropped by experian 31 points Transunion went up 56 points. Any one have any insight as to why this would happen. Also I have checks out to other collection accounts to pay in full and some will delete. Should I expect score to drop some more?

Thanks

[patternofstars7]

How old was the collection? Most likely it was because the Average age of accounts was shortened if it was an older collection. Could be wrong, but just throwing in my two cents. Give it time and i'm sure your score will jump back up.

[MarineVietVet]

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LUCYCJ1 wrote:

So I have been working on my credit report for a few months.

Equifax 549

Experian 551

Transunion 532

I disputed a collection account (Unifund) and it was deleted by Experian and Transuion, Equifax is still pending. Credit score dropped by experian 31 points Transunion went up 56 points. Any one have any insight as to why this would happen. Also I have checks out to other collection accounts to pay in full and some will delete. Should I expect score to drop some more?

Thanks

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Hello and welcome.

One thing I will ask is where did you get your scores? No one has been able to buy their own Experian FICO score since February of 2009. Creditors can pull Experian and also there is a CU (PSECU) in Pennsylvania that supplies that information to it's members only. You can only buy true FICO scores at a few places. One place is here at myFICO. I suggest you do an internet search for "myfico discount codes" to save a little money.

You can also purchase your Transunion score at www.transunioncs.com. At www.equifax.com EQ will still sell you an EQ FICO score but you have to look very hard to find it

If you got all 3 scores together from some kind of monthly monitoring service then none of them are true FICO scores. They are what we call "FAKO" scores and they can't be relied on for accuarcy and can't be compared to FICO scores in any way. Your real FICO scores might be higher or lower than the 3 scores you have. Which means at this point you don't know if your FICO scores dropped when the collection was deleted.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

.

[MarineVietVet]

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patternofstars7 wrote:

How old was the collection? Most likely it was because the Average age of accounts was shortened if it was an older collection. Could be wrong, but just throwing in my two cents. Give it time and i'm sure your score will jump back up.

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Hi there.

Collections and public records are not included in AAoA.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[valley_man0505]

Was it your only CA?  If so, you may have been "rebucketed".  Search the forums for "rebucketing" or "buckets" for more info.

[LUCYCJ1]

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patternofstars7 wrote:

How old was the collection? Most likely it was because the Average age of accounts was shortened if it was an older collection. Could be wrong, but just throwing in my two cents. Give it time and I'm sure your score will jump back up.

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The collection account was old reported back in 2004 original open date with OC I believe was 2002.

[LUCYCJ1]

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Marinevietvet wrote:

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LUCYCJ1 wrote:

So I have been working on my credit report for a few months.

Equifax 549

Experian 551

Transunion 532

I disputed a collection account (Unifund) and it was deleted by Experian and Transuion, Equifax is still pending. Credit score dropped by experian 31 points Transunion went up 56 points. Any one have any insight as to why this would happen. Also I have checks out to other collection accounts to pay in full and some will delete. Should I expect score to drop some more?

Thanks

---

Hello and welcome.

One thing I will ask is where did you get your scores? No one has been able to buy their own Experian FICO score since February of 2009. Creditors can pull Experian and also there is a CU (PSECU) in Pennsylvania that supplies that information to it's members only. You can only buy true FICO scores at a few places. One place is here at myFICO. I suggest you do an internet search for "myfico discount codes" to save a little money.

You can also purchase your Transunion score at www.transunioncs.com. At www.equifax.com EQ will still sell you an EQ FICO score but you have to look very hard to find it

If you got all 3 scores together from some kind of monthly monitoring service then none of them are true FICO scores. They are what we call "FAKO" scores and they can't be relied on for accuarcy and can't be compared to FICO scores in any way. Your real FICO scores might be higher or lower than the 3 scores you have. Which means at this point you don't know if your FICO scores dropped when the collection was deleted.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

.

The scores listed above are from a lender. The 31 point drop was from bank of America's Privacy assist product that monitors my credit report. I was able to purchase Experian online and it told me my score was 551the same score the lender provided. I live in the state of RI and I was able to purchase this threw Experian directly.

[LUCYCJ1]

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valley_man0505 wrote:

Was it your only CA?  If so, you may have been "rebucketed".  Search the forums for "rebucketing" or "buckets" for more info.

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No unfortunately it is not my only collection account. Thanks for the info.

[patternofstars7]

Whoops thanks.

[llecs]

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LUCYCJ1 wrote:

The scores listed above are from a lender. The 31 point drop was from bank of America's Privacy assist product that monitors my credit report. I was able to purchase Experian online and it told me my score was 551the same score the lender provided. I live in the state of RI and I was able to purchase this threw Experian directly.

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Ignore that score. It isn't a FICO and likely isn't the same score as the one the lender used (virtually all lenders use FICO). BofA's Privacy Assist offers scores, but they are a non-FICO score we call a FAKO. Specifically, this FAKO is called a CreditXpert score. Experian.com also offers scores. Their scores are also FAKO scores. They offer FAKOs called a PLUS score and I think you can also get a VantageScore through them. I think you are comparing different scoring systems which would account for the score difference.