Reply
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Dispute deletion + SW Update - Updated: +11

[ Edited ]

Hey guys, question for the experienced.  I had a collection account deleted via dispute on EQ.  I got the email first thing this morning about their decision to do so.  I assume since this was the CRA, the deletion was instant.  When will ScoreWatch send me an alert?  I know I probably won't get an alert from the account getting deleted, but I do assume to gain a neglible number of points.  Probably only a couple, but I doubt it would stay completely static.

 

Any ideas?

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Valued Contributor
Posts: 1,206
Registered: ‎02-19-2012
0

Re: Dispute deletion + ScoreWatch Update

Just wait and see everyone gets different mileage out of things.:smileysad:


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: Dispute deletion + ScoreWatch Update

Right, but I'm not questioning the value of the deletion to my score, just wondering how the product works.  That part shouldn't vary I wouldn't think.

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Regular Contributor
Posts: 230
Registered: ‎09-22-2012
0

Deletion...

If it impacts your score, you will get a SW alert. It may take a couple days.


Starting Score: EQ 416 TU 498 EX 468 Lender Fico's July 2012
Current Score: EQ 548 (Myfico) TU 655 (Walmart) CK 672 EX?? CS 642
Goal Score: For now: 640s


Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: Deletion...

Yeah, I mean, I expect it to impact my score somehow, hell it may even go down for some weird, buckety reason.  Are SW alerts instant, or do they only send them out once a week, a couple times a week, etc.

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Regular Contributor
Posts: 230
Registered: ‎09-22-2012
0

Re: Deletion...

They send them out as they occur. However, it usually takes a couple days. I have gotten SW alerts at 3am, 3pm, and anywhere in between. If it was your only negative item, there might be some weird buckety reason for a decrease, but most likley you will get a small bump. Hope it goes up for you! 


Starting Score: EQ 416 TU 498 EX 468 Lender Fico's July 2012
Current Score: EQ 548 (Myfico) TU 655 (Walmart) CK 672 EX?? CS 642
Goal Score: For now: 640s


Take the FICO Fitness Challenge
Established Contributor
Posts: 756
Registered: ‎01-20-2012
0

Re: Deletion...

[ Edited ]

Jutz wrote:

Yeah, I mean, I expect it to impact my score somehow, hell it may even go down for some weird, buckety reason.  Are SW alerts instant, or do they only send them out once a week, a couple times a week, etc.


As for timing of alerts...

I paid a CA on 11/7.

 

They updated to CRAs on 11/15  (according to the "last updated" notation on my reports)

 

I got the SW on 11/20.

 

So a 5 day lag including the weekend

 

I had already gotten my "no change detected" alert on 11/19 

 

So, I got 2 that week.

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: Deletion...


awdsmama wrote:

Jutz wrote:

Yeah, I mean, I expect it to impact my score somehow, hell it may even go down for some weird, buckety reason.  Are SW alerts instant, or do they only send them out once a week, a couple times a week, etc.


As for timing of alerts...

I paid a CA on 11/7.

 

They updated to CRAs on 11/15  (according to the "last updated" notation on my reports)

 

I got the SW on 11/20.

 

So a 5 day lag including the weekend.


Cool! That's good info.  So it took SW some time to spit out the changes to your score.  I'm waiting on two additional collections to be removed from all 3, so I'm not in a huge rush to see this minor change.

 

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Established Contributor
Posts: 573
Registered: ‎02-12-2011
0

Re: Deletion...

I've read some people say that the SW goes into a dormant like mode where it checks on ya every 5-7 days or whatever. I know something happens because in the beginning I was getting SW's if I sneezed too hard, now my CreditKarma has had 4 updates to it and I've still received nothing from SW. Just hang tight!



Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


Take the FICO Fitness Challenge
Established Contributor
Posts: 756
Registered: ‎01-20-2012
0

Re: Deletion...


sphinx313 wrote:

now my CreditKarma has had 4 updates to it and I've still received nothing from SW. Just hang tight!


See and for me CK is worthless.  I had 3 CAs delete on TU last week  (I have monitoring on TU and I know when they came off)  and CK still hasn't updated those records when I do my daily pulls.  Ugh. Oh well it's free.

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
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.

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.