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
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.
* 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.
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.