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Dang disputes dropped my score.

New Contributor

Dang disputes dropped my score.

Dropped my weak 622 to 585. All myfico reported was the accounts were open for investigation. Ugh.. Very disappointed in myself. I didn't realize it would. The disputes are not settled yet so they could go back up or drop lower.
Message 1 of 9
8 REPLIES
Moderator Emeritus

Re: Dang disputes dropped my score.

The TLs that are in dispute are not factored for your score.  So you probably bottomed out your AAoA.

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 9
New Contributor

Re: Dang disputes dropped my score.

What is an AAoA? My student loans I completed rehabilitation on are still reporting past dues. negatively even after the debt was transferred reestablished. No longer in default. . And I want validity of a past repo.
Message 3 of 9
Regular Contributor

Re: Dang disputes dropped my score.

Average age of accounts


Starting Score: TU 583, EX 683, EQ 653
Current Score: 10/12/14 TU 743 9/24/2014 EQ FICO 751,12/17/2014 EXPERIAN 772
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CITI SIMPLICITY $3600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $24,500, CHASE FREEDOM 10,500 KAWASAKI GOOD TIMES CARD $31,500
Message 4 of 9
Moderator Emeritus

Re: Dang disputes dropped my score.

Average Age of Accounts.  Here is a link to some of the common abbreviations we use here.

 

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 5 of 9
New Contributor

Re: Dang disputes dropped my score.

Ok thanks for the info. What do you mean by bottoming out? Why does it make it go down? Sorry still learning.
Message 6 of 9
Established Member

Re: Dang disputes dropped my score.

I believe the way it works is that the TLs are not counted therefore their age isn't factored.  Suppose you have 3 TLs on your report.  The first is 5 years old, the second is a year old and the third is 6 months old.  You'd be looking at an average age of a little over two years.  Now if something in the 5 year TL is in dispute, that entire record stops being counted for the time it's in dispute and as such, the average age of account is only including the 1 year old account and the 6 month old account, making the average age about 9-10 months.

Message 7 of 9
New Contributor

Re: Dang disputes dropped my score.

Oh I see. So after disput will it be included again. Thanks!
Message 8 of 9
Moderator Emeritus

Re: Dang disputes dropped my score.

Yes, once verified, it will be included again.

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 9 of 9