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02-13-2014 08:04 AM - edited 02-13-2014 08:06 AM
I happened to pull my FreeCreditReport.com report this morning and my score took a 60pt hit. When I checked it out, I disovered that an old collection from 2011 that I just paid off was updated. They updated the unpaid balance from $775 to $776 and showed an FP for February. When I called them, they are insisting that they reported it correctly but it can take the CRA 45-60 to catch up with the paid in full part. That just doesn't make sense that part of the TL would get updated but not all of it.
02-13-2014 08:25 AM
If that collection has not updated since 2011 and you just paid it, that is what casued the drop. It updated to a current date making it appear newer than it is.
You are also looking at a 3rd party report and not one directly from the CRAs. Those can have formatting issues.
As for the score, it is a FAKO score and not a FICO so a FICO score may not have done the same.
Have you pulled your free reports from annualcreditreport.com?
02-13-2014 08:30 AM
I tried pulling my annual report (EX) and it says that they can not process my online request. I pulled it through myFico and it says that there is a fraud report on my account so I don't know if that has something to do with it. I didn't report any fraud so not sure where the fraud report came from.
02-13-2014 08:36 AM
02-13-2014 08:38 AM
02-13-2014 10:27 AM
02-13-2014 10:45 AM
It's just aggravating that they would go out of their way to report a $1 balance increase without reporting it PIF at the same time!
Its standard faire with some CAs, the final dig.
02-13-2014 10:55 AM - edited 02-13-2014 04:08 PM
02-13-2014 03:12 PM