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Good morning everyone. I am new to credit rebuilding and hoping someone might be able to give me some guidance.
I pull MyFico score for Equifax the other day and saw a couple of items worth disputing. My score on 1/3/2013 was a 622. I just repulled today and Equifax is now down to 594 with the two items that were previously not negatively impacting, are now negatively impacting me. One is an old Verizon bill from 2007 and the other is a Target store card from around the same time.
Does anyone know why this may have happened? It was my understanding that while actively in the dispute process that the items were not supposed to reflect on your credit at all since it was in dispute.
Not all disputes are taken out of scoring.
Could you post before and afters of the TLs. It's hard to say without actually seeing them.
Have you used annualcreditreport.com to get a free copy of your reports from all 3 CRAs?
My before and after scores? Or the before and after reporting?
I wasn't so much surprised and them not falling off, but with no other credit report changes, these 2 items
Before and after reporting of the TLs.
I'll post the tradelines in two posts:
Aac: January 5, 2013 EQ:594
Status as ofDate opened [?]Date of last activity [?]Largest past balance [?]Account Type [?]Account holder [?]Industry
Jan, 2013 |
Feb, 2010 |
Jan, 2008 |
$533 |
Open Account |
Individual |
Factoring Companies |
Balance [?] Current Status [?] Past Due Amount [?]
$756 | 120+ days past due | $756
|
even year payment history [?]
30 days late60 days late90+ days late
0 times |
0 times |
1 time (Sep 2012) |
January 3,2013:
Aac EQ:622
Status as ofDate opened [?]Date of last activity [?]Largest past balance [?]Account Type [?]Account holder [?]Industry
Jan, 2013 |
Feb, 2010 |
Jan, 2008 |
$533 |
Open Account |
Individual |
Factoring Companies |
Balance [?] Current Status [?] Past Due Amount [?]
$756 | 120+ days past due | $756 |
Seven year payment history [?]
30 days late60 days late90+ days late
0 times |
0 times |
0 times |
Account 2:
January 5, 2013:
Afni-Bloom
Sep, 2012 |
Jul, 2009 |
Oct, 2007 |
$390 |
Open Account |
Individual |
Factoring Companies |
No contact information provided by Equifax
$390 | 120+ days past due | $390 |
0 times |
0 times |
1 time (Aug 2009) |
120+ days past due | |||||||||||||||
The Worst Delinquency reports the worst missed payment status that has been documented on this account. Your FICO® score evaluates how recently that missed payment occurred and in general, the more recent, the more impact it has on your score. However, the fact that it occurred is still predictive of future payment risk and could be considered by your FICO® score.
January 3, 2013: Afni-Bloom Status as ofDate opened [?]Date of last activity [?]Largest past balance [?]Account Type [?]Account holder [?]Industry
Descriptions [?]
No contact information provided by Equifax Balance [?] Current Status [?] Past Due Amount [?]
|
Hopefully that gives all the needed info.
What I see is from the first account you posted, the Jan 5 pull shows a 90 day late as of Sep 2012 which did not show on the Jan 3 pull.
Not sure if that is the problem. Both TL are reported by a CA. Those types of accounts should not count in your utilization. Meaning since they are disputed, the TL wouldn't be taken out of scoring while the dispute is resolved.
Do you know what the DoFD is for these accounts.
I'll have to give Equifax a call on Monday. I showed this to a friend of mine with pristine credit the change and he was shaking his head.
What has me scrubbing my credit report is that Iapplied for an auto loan with Wells Fargo and the guy on the phone said out lod "I have no idea why you were declined. The decline doesn't make any sense". So they are looking over everything with there supervisor and want me to call back on Monday.
DoFD?