Credit Card Center Advertiser Disclosure

Established Member
Posts: 26
Registered: ‎01-18-2013
0 Kudos

Help me understand why my score dropped 30 + pts?!?!

Verizon had listed a charge off on my CR for $271 but when I contacted their offices, they had no record of the account.  The last activity listed was from 5/1/2009.  I disputed the information.  The account was updated as a zero balance and closed.  The reasons for my score change listed on here say things like THE STATUS OF THE ACCOUNT IMPROVED/ THE BALANCE OF THE ACCOUNT DECREASED/ THE AMOUNT PASSED DUE ON THE ACCOUNT DECREASED/THE HUSTORY OF LATE PAYMENTS OR DESCRIPTION FOR THIS ACCOUNT IS REVISED TO BE LESS DEROGATORY.....


man... i feel stupid for disputing it becuase it hurt me more then helped me........ Man this fico thing really has me confused.....


Thanks in advance for any explanation you can provide.

Posts: 12
Registered: ‎05-12-2012
0 Kudos

Re: Help me understand why my score dropped 30 + pts?!?!

The fast answer is older bad accounts dont hurt your score as much but when the Bureaus change anything in an old account (instead of  just deleting it), that can take what was an old account and give it new data which will make the Score adjust. I would think the requst would be to remove if Versizon had no record. I hope that helps. Im still a novice.

Starting Score: EQ 540 EX 560 TR 603
Current Score: EQ 571 EX 619 TR 649
Goal Score: 720-750

Take the myFICO Fitness Challenge

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† 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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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

IMPORTANT INFORMATION: All FICO® Score products made available on 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.