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New Member
makeupgirl
Posts: 11
Registered: ‎04-19-2011
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Re: Why is my husband's credit score so decent when he has an installment loan charge off???

he opened the acct 12/07. The first 30day past due was 6/09. Account was charged off  12/09..SOL for arizona is 6 years I believe

Moderator Emeritus
MarineVietVet
Posts: 14,086
Registered: ‎07-14-2009
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Re: Why is my husband's credit score so decent when he has an installment loan charge off???

I think what Shogun was trying to tell you is that because that score you got from Experian is not a true Experian FICO score you don't really know if his score is decent or not. Non-FICO scores can often be much higher or lower than a FICO score.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

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guiness56
Posts: 22,408
Registered: ‎01-17-2008
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Re: Why is my husband's credit score so decent when he has an installment loan charge off???


makeupgirl wrote:

Hi there...

 

I'm so confused about something. My husband's credit score is so decent (681) for having a 10k charge off from an auto loan. There was a second auto loan that he stopped paying in 2008, yet that one says it was satisfactorily closed, he NEVER settled or did anything with that account, he just simply stopped paying. What the heck? Its been 2 years since anything has been reported on that 2nd loan.

 

back to the first loan,  how can my husband's credit be a 681 with a 10k$ charge off that's only 1.5 years old??


 

It's hard to say.  Is there any other negative things on his CR?

 

Could you post a screen shot of the 2 TLs.  Leave out personal information.

 

 

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Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: Why is my husband's credit score so decent when he has an installment loan charge off???

Exactly Marinevet..  Thanks!!!!!


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Member
makeupgirl
Posts: 11
Registered: ‎04-19-2011
0

Re: Why is my husband's credit score so decent when he has an installment loan charge off???

no other negative accts...but a charge off that high is serious...

 

New Member
makeupgirl
Posts: 11
Registered: ‎04-19-2011
0

Re: Why is my husband's credit score so decent when he has an installment loan charge off???

oh and by the way, the 2nd loan was also for about 10k....so i cant imagine how they'd make such a big mistake

 

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
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Re: Why is my husband's credit score so decent when he has an installment loan charge off???

These are not reporting as auto loans, they are reporting as revolving credit, like a credit card.

 

There are no CAs reporting for the CO?

 

I can't say what is going on but I don't think I would rock the boat by asking.

 

It could turn out much, much worse.

New Member
makeupgirl
Posts: 11
Registered: ‎04-19-2011
0

Re: Why is my husband's credit score so decent when he has an installment loan charge off???

Yeah they were motorcycle loans, I'm not sure why they're showing as charge accts.

 

and I dont understand all the abbreviation lingo here so I'm not sure what else you were saying, lol

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: Why is my husband's credit score so decent when he has an installment loan charge off???

Have you pulled your free annual credit reports?  They may contain different information as that posted here, also just because it says one thing on one CRA doesn't mean it says it on all.  I would pull your free reports and see what's officially on your reports.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: Why is my husband's credit score so decent when he has an installment loan charge off???

Lol.  Look at the sticky in my signature Common Abbreviations.  That will help you.

 

I asked if there was a collection agency reporting the amount of the charge off.


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