Paid Charge Off Dropped Score 100 Points!?!

[JohnPTEX]

I paid a settled amount to an OC who was reporting the status as a Charge Off prior.  The OC added a key derogatory ("KD") remark the month I paid the settled amount and marked the account status as settled in full, was charged off.  This dropped my score 100 points.  Lost my mortgage preapproval because of this.  Does this sound right??  Can they KD a paid settlement??

[ceejx]

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@JohnPTEX wrote:

I paid a settled amount to an OC who was reporting the status as a Charge Off prior.  The OC added a key derogatory ("KD") remark the month I paid the settled amount and marked the account status as settled in full, was charged off.  This dropped my score 100 points.  Lost my mortgage preapproval because of this.  Does this sound right??  Can they KD a paid settlement??

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I'm assuming this is Equifax...I had the same problem, it's how the info is reported to Equifax. Mine was paid of in 2006, I disputed for an update to the information, and I was KD as of 05/2012 ... more than a year after I paid a 6 year old chargoff! You have to call and talk to the Equifax "executive customer service," not sure if I can post the info on here or not but I'll PM you the info. She removed the KD/CO indicator and I regained my points...

[JohnPTEX]

Thank you for the information!!  Please PM it for future reference, however this OC is only reporting to TU and EX.  Its so frusterating to know that if I had just left it unpaid I would have been better off!

[ceejx]

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@JohnPTEX wrote:

Thank you for the information!!  Please PM it for future reference, however this OC is only reporting to TU and EX.  Its so frusterating to know that if I had just left it unpaid I would have been better off!

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I know the feeling, I've said that a few times... but I sent you the EQ info, I'm sure you can do the same with EX ... TU is a pain to deal with, and the CSRs there never understand what I'm talking about.... I did PM you the EQ info already, but unfortunately don't have the info for EX or TU.. good luck! 

[JohnPTEX]

Here is what the account shows currently:

Is this correct?  What is my basis for my complaint?  Any help on the subject would be greatly appreciated!!

[JohnPTEX]

This account was paid/settled in April of this year, but MyFICO is showing this regarding the account:

[JohnPTEX]

Anyone?? 

[ceejx]

That was the same thing mine said, including the FICO... you have to call the CRA and request the derog to be removed.. explain to them that it was interpreted wrong

[jordanmedical]

Can you PM that executive line info is well, I just settled a 5-y.o C/O and am afraid this may happen to me as well?

[sjt]

Stupid question I know, but what does KD stand for and what exactly is it. It tried looking it up on google and under the "abbreviations" and did not find anything.