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New Contributor
Posts: 68
Registered: ‎09-17-2012
0

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.
Moderator
Posts: 14,051
Registered: ‎04-15-2011
0

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!
New Contributor
Posts: 68
Registered: ‎09-17-2012
0

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.
Regular Contributor
Posts: 208
Registered: ‎08-16-2012
0

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
Moderator
Posts: 14,051
Registered: ‎04-15-2011
0

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!
New Contributor
Posts: 68
Registered: ‎09-17-2012
0

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.
Established Member
Posts: 16
Registered: ‎09-05-2012
0

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.

New Contributor
Posts: 68
Registered: ‎09-17-2012
0

Re: Dang disputes dropped my score.

Oh I see. So after disput will it be included again. Thanks!
Moderator
Posts: 14,051
Registered: ‎04-15-2011
0

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!

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