Reply
Contributor
Posts: 82
Registered: ‎06-02-2012
0

Re: Charge off vs BK.I was stupid not paying attention!


llecs wrote:

OP, an IIB comment is scored as a negative. I don't know if it's more or less than a CO comment, so any guess would be just that. If the TL had not updated in a long time (years), then there's a chance of seeing a score drop once the TL changes. Something to consider. YMMV on your credit.


Yea...That's what I'm afraid of. But I just can't sit and do nothing about obvious inaccuracy in my report too.

So I called Equifax and initiated a dispute about this matter. They said it could take 30 days to investigate. Fine.

I am going to wait for the results of this dispute and see where my scores will be heading. If  my Fico goes up - I'll call TU and EX , if it's goes down  - I'm not touching it anymore.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



Take the FICO Fitness Challenge
Moderator
Posts: 13,763
Registered: ‎04-15-2011
0

Re: Charge off vs BK.I was stupid not paying attention!

Sounds good to me.



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Contributor
Posts: 82
Registered: ‎06-02-2012
0

Re: Charge off vs BK.I was stupid not paying attention!


Shogun wrote:

Sounds good to me.


Thanks, Shogun! 

I will keep you guys updated , and we will see if IIB is better than CO.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



Take the FICO Fitness Challenge
Contributor
Posts: 82
Registered: ‎06-02-2012
0

Re: Charge off vs BK.I was stupid not paying attention!

Update as of 9/18.

I've got a ScoreWatch alert today. My score went up 5 points because of changes in EQ report.

I don't know how to do a snap shot , so I will try to explain.

In about six accounts they changed balance from let's say $3,500 to $0. Although it didn't change from CO to IIB. Not a word about being in dispute too.

I'm pretty happy even if it's only 5 points ! Will see what is next.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



Take the FICO Fitness Challenge
Contributor
Posts: 82
Registered: ‎06-02-2012
0

Re: Charge off vs BK.I was stupid not paying attention!

Let me correct myself. Balance was $0 now it just doesn't say anything.

High credit changed from (example) $3700 to $3000 all late fees removed I guess.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



Take the FICO Fitness Challenge
Contributor
Posts: 82
Registered: ‎06-02-2012
0

Re: Charge off vs BK.I was stupid not paying attention!

OK. Another update. I called EQ and told them that whole idea of the dispute was to change the status of 5 accounts from CO to IIB. 

They said that they are going to do another investigation. It was yesterday Sep 19. And today Sep 20 I've got a ScoreWatch alert where it says that my Fico score went to 669. And my accounts i was disputing has changed to "Included In bankruptcy". So little jump from 660 to 669 , yea !!! And I'm going to call TU and Ex with same question, and hopefully it will get me boost too.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



Take the FICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.