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Frequent Contributor
Posts: 309
Registered: ‎01-27-2014
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Is this right?

[ Edited ]

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. 

Starting Score: 573 (EX Faco) | Current Scores: EX(Fico) 674, EQ(Fico) 668, TU(Fico) 691
Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
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Re: Is this right?

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?

Frequent Contributor
Posts: 309
Registered: ‎01-27-2014
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Re: Is this right?

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.

Starting Score: 573 (EX Faco) | Current Scores: EX(Fico) 674, EQ(Fico) 668, TU(Fico) 691
Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
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Re: Is this right?

If you ever disputed something as not yours the CRAs could have put one on your report.  Happened to me.

Frequent Contributor
Posts: 309
Registered: ‎01-27-2014
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Re: Is this right?

I just pulled it through myFico and it shows the same thing.  The good news though is that myFico score didn't drop.  It's actually 3 pts higher but that's because a CLI just reported on a CC.

 

 

Starting Score: 573 (EX Faco) | Current Scores: EX(Fico) 674, EQ(Fico) 668, TU(Fico) 691
Frequent Contributor
Posts: 309
Registered: ‎01-27-2014
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Re: Is this right?

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!

Starting Score: 573 (EX Faco) | Current Scores: EX(Fico) 674, EQ(Fico) 668, TU(Fico) 691
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Posts: 30,813
Registered: ‎12-13-2013
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Re: Is this right?


KellyP25721 wrote:

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.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Frequent Contributor
Posts: 309
Registered: ‎01-27-2014
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Re: Is this right?

[ Edited ]

Guess that means the chances of them granting a GW are pretty slim then too!  ;-)

Starting Score: 573 (EX Faco) | Current Scores: EX(Fico) 674, EQ(Fico) 668, TU(Fico) 691
Frequent Contributor
Posts: 309
Registered: ‎01-27-2014
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Re: Is this right?

Why are they allowed to get away with that crap?  Is there anything that can be done?

Starting Score: 573 (EX Faco) | Current Scores: EX(Fico) 674, EQ(Fico) 668, TU(Fico) 691
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Re: Is this right?

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