Thank you EQ because EX said no!

[Creditaddict]

I dislike how 1 report says "meets requirements" and it's done.

target charged off, settled, AND sent me papers to claim loss as ordinary income on taxes I think the least they can do is not to get to report an entire loss of more than the original balance!!! Score watch gave me this update and it says no score change but in my mind I feel better

1 of your accounts reported changes

TD BANK USA/TARGET CREDIT (XXXXX0502) Show/Hide Details

Account opened: 8/2008 Description: Closed or Paid Account/Zero Balance Settlement accepted on this account Credit card   Previously reported Newly reported Balance: $0   Past due: $0 $0 Status: Bad Debt; Placed for collection; Pays account as agreed Last activity: 8/1/2012 8/1/2012 High credit: $2,042 $1,500 Description: Settlement accepted on this account Closed or Paid Account/Zero Balance Charge off account Amount in high credit is original charge-off amount Closed or Paid Account/Zero Balance Settlement accepted on this account Credit card Contact: TD BANK USA/TARGET CREDIT, 3701 Wayzata Blvd, Minneapolis, MN, 554163401

How account changes impact your score:

The following are reasons why a change to an account can cause your FICO® score to go up. (A change to an account in the opposite direction can cause your score to go down.)

• The status of the account improved. For example, the status went from "60 days past due" to "currently paid as agreed". An improvement in account status demonstrates an ability to pay debts.
• The balance on the account decreased. Generally, less debt is better for your FICO® score.
• The amount past due on the account decreased. This demonstrates your ability to meet your financial obligations.
• The credit limit on the account was raised while the balance stayed the same. Since carrying a balance too close to the credit limit is a sign of a consumer who needs credit and cannot pay it back, a higher credit limit actually helps your FICO® score.
• The history of late payments or description for this account is revised to be less derogatory. For example, if a late payment on your account was mistakenly reported, correcting this on your credit report may help your score.

[gdale6]

the way it reports now is much better on a manual review

[Creditaddict]

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@gdale6 wrote:

the way it reports now is much better on a manual review

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That's what I think!