Credit Cards Center Credit cards from our partners
Reply
Valued Member
Posts: 31
Registered: ‎07-20-2010
0

trying to figure out what this means...

Good Evening All....  Has anyone ever seen a status state "Repossession"  when it's not a vehicle, but a charged off/bad debt account? 

Frequent Contributor
Posts: 388
Registered: ‎10-26-2009
0

Re: trying to figure out what this means...

Sounds like someone accidentally entered the wrong code to me.



Starting Score: TU 672 EQ 654 10/20/09
Current Score: TU 775 EQ 783 EX 799 (PLUS)
AMEX Delta Platinum $35K, NFCU Visa Signature $30K, HHonors Reserve Visa $35K, WF $13.5K, IHG Rewards Club MC $25K
Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
0

Re: trying to figure out what this means...

 


16paws wrote:

Good Evening All....  Has anyone ever seen a status state "Repossession"  when it's not a vehicle, but a charged off/bad debt account? 


Who is the creditor? What type of account is it?

 

Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Valued Member
Posts: 31
Registered: ‎07-20-2010
0

Re: trying to figure out what this means...

Well, here is my post from monday, where I didn't rcve any responses.  GE is the OC referenced both in this original thread and the following.  I had sent TU an online dispute for GE - but it was for the lates after we settled "in full"  TU sent back just today actually, the results - saying they too removed the LVNV, but they changed the GE was charge off to Repossession.  On equifax we didn't rcve any score change on their end as they just stated no change in the GE account, that it was charge off/sold, etc.. Well today, we get a scorealert for a change - 22 point drop - because now they are showing Repossession also in the status line.  The only thing I can think of is that TU contacted EQ.  I'm sick over this....

 

 

Good Afternoon All...I'll try and make this as painless as possible in the confusion department!  We had an OC where we settled for $507 less then the balance due back in 2008.  When I pulled the CR last month, it showed new line by LVNV Collections for the balance of $507.00...When we settled the OC, we rcvd docs to show settled as paid in full, etc...I disputed this to Equifax (along with another line) and provided a copy of the original letter stating paid in full.  Well, I rcvd a letter today (dated August 9th) from Equifax stating that the item (LVNV) has been deleted from the credit file.   However, I have not (well, my hubby) rcvd any scorewatch notification stating that a change happened in our Credit report.  The other item I had disputed had an alert and a slight score increase of 8 points on 8/10/2010 (that one was for an auto loan that we paid off last year, but it was stating 30 days late in the current status line, even though we were never late)  I pulled the remaining score power report today and it is the same as before - except the LVNV is gone, and the auto loan updated to pays as agrees, never late.  My questions are:  1.  I really am disappointed that we didn't receive SOME kind of score increase from this removal!  Is it still possible?  Does equifax update scores the same day changes are made?  2.  I thought scorewatch gave you updates when any type of activity happens on your file..Is this correct?

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.