I think I'm in a WARP zone right now! My TU score dropped 117 points from 707 to 590. How does that happen? Now I absolutely will be unable to purchase a home that I was pre-approved for. I need help??? LVNV has destroyed me so bad with this recent collection. I'm so confused and lost as to what to do to get my scores back up. Is it even possible for a point drop like that?
Starting Score: TU 654 EQ 599
The collection is from LVNV and it's for $715. My equifax score dropped also from 701 to 641. They are both significant drops and makes no sense. I sent a PFD letter certified mail yesterday and called to get an email address and sent a letter via email. I'm just very nervous and perplexed. I don't have a lot of time on my hands at this point.
Scope27 I called today and talked to every possible supervisor. I was polite but stern in my approach to have this deleted. they would not budge but the rep put me through another Supervisor who I left a Voicemail for and if she doesn't answer then the next step is to dispute with the CRA's and HOPE they delete. I have them on many violations as they are listing this as a factoring company, 120 days late, open account, and dates opened as of Aug this year when it's a charge-off from a CC back in 2007.
I feel very bad for you in your situation right now that score drop is a major blow, can I ask did you opt out for any solicitations on your credit reports, what happens these hound dogs come out of hiding to attack once they find out someone is looking for a mortgage and have not paid a debt that is still owed, I believe the opt out helps to prevent collection agencies from reviewing reports, but in your case where a debt that was owed, maybe this agency still had leway. Good Luck I would hound them to death until a pfd happens/or payment of account then goodwill removal.
llecs the TU 707 score was from my Lender pull. I didn't know there may be a slight difference in the scoring. That sucks because I really don't know how accurate my TU score is based on what FICO TU98 and Lender TU04 scores are. No matter what It dropped from 707 to 590 very quickly. I did opt out prior to getting pre-approved. I had read on doing this prior to applying for a mortgage. I guess the bottom feeder CA got ahold to me. Right now I need to know what is my best course of action? I did a PFD and I called (maybe not a good idea but I want to get this cleared quickly). I'm going to see what the response is to the PFD. I don't want to dispute or settle the collection because my scores may drop or not change if I settle. Am I good with just waiting to see if they respond promptly to my PFD letter?