Reply
Established Member
Edk83
Posts: 19
Registered: ‎11-07-2012
0

Very confused!!!!!

Okay guys, I decided to pull three credit reports and scores from Experian.

 

Credit scores: Transunion: No score/ Experian: No score/ Equifax: 729

 

The reason is as follows. I had a collection account with Portfolio recovery which I disputed and had deleted. The original creditor, Wells Fargo, is still showing on the account. On Transunion is is showing as a charge off purchased by another lender. The same rings through with Experian, though it is just reported as closed. On Equifax, it is OPEN and PAYS ACCOUNT AS AGREED!!!! This accounts for the high plus score (though the FICO score is 629; I dont think it is updated)

 

I have no other accounts at the moment, though I just got approved for a secured credit card from capital one and added as an AU on a BOA card. Got denied a Walmart card today :smileysad:

 

Should I contact Wells Fargo???

Moderator
LIGHTNIN
Posts: 4,189
Registered: ‎03-24-2008
0

Re: Very confused!!!!!

Hi and Welcome to the forums,

 

Whats the reason for the dispute with the CA?

 

Your dispute was with the CA(Collection Agency) reporting, not with the OC(Original Creditor)and their reporting.

The CA has nothing to do with, how the OC reports and vise versa.

 

If you contact the OC (wells fargo) they may update the info with EQ (Equifax) to a CO (Charge off), like they are reporting with TU and EX, which would result in your score to drop.

Is the reporting of the CO, correct?

FICO's Oct 2013 TU711 EQ713 EX723~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?
Established Member
Edk83
Posts: 19
Registered: ‎11-07-2012
0

Re: Very confused!!!!!

Yes that is correct. I might just leave it. It is having a positive effect on my Equifax and its influence on TU and Experian is limited now as it is due to fall off in two years. It is also the only charge off/negative mark on my accounts. Waht do you think?


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}