Score dropped 50 points?!?!

credit911 · ‎02-19-2012

I had a BK7 discharged back in Nov 2007. In that BK I had a car loan that was included and the vehicle was turned back into the bank that month as well. My credit report did say included in bankruptcy with $0 balance. I pulled my credit report this week and now I noticed that my TU score has dropped almost 50 points as there has been an update to this account. It now reads as follows....

Status as of: Dec, 2011

Date opened: Jan 2008

Date of last activity: Jan 2008

Date closed: Dec 2011

It took them 4 years to close an account? Is there anything I can do with this or do I just have to wait till it falls off? If I do have to wait the 7 years will it be from the date of last activity or from the date it w as closed? This is really irritating!

Thanks in advance for any help or advice!

StartingOver10 · ‎02-19-2012

You can do something with this. Contact them directly, in writing. They must report accurately or it is a violation of the discharge injunction.

virgo · ‎02-19-2012

The only date that matters is November 2007.

Call the OC ASAP. Tell them to fix ASAP.

Good luck.

Booner72 · ‎02-19-2012

I'm not sure why closing it should cause a 50 point drop. I could be wrong, though,

Is there anything else that happened since your last score?

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720

LS2982 · ‎02-19-2012

@virgo wrote:
The only date that matters is November 2007.

Call the OC ASAP. Tell them to fix ASAP.

Good luck.

+1

EQ FICO 548 3/3/16

llecs · ‎02-19-2012

@Booner72 wrote:
I'm not sure why closing it should cause a 50 point drop. I could be wrong, though,

Is there anything else that happened since your last score?

OP, ditto to the above. Also, did you dispute this prior to the score change?

credit911 · ‎02-19-2012

I dropped 50 because MyFico is saying there is recent activity on a negative account (2 months ago). I guess the closing of the account is the reason for the activity. Nothing else has changed in the past several years. I have only a mortgage and 1 visa card and 1 jcpenney card that all report paid on time since the BK. Very odd...