Understanding FICO® Scoring

[Gutkowski]

I just paid off my old Capital one CC on 11/2012 and for some reason it is showing a neg factor om my CR through EQ after my paid off date, any idea why it is showing like this ?

Status as ofDate opened [?]Date of last activity [?]Largest past balance [?]Account Type [?]Account holder [?]Industry

Dec, 2012

May, 2005

Aug, 2010

$500

Revolving

Individual

All Banks

Descriptions [?]

• Closed or paid account / zero balance
• Account paid for less than full balance

No contact information provided by Equifax

Balance [?] Current Status [?]

$0	Bad debt/collection

Seven year payment history [?]

30 days late60 days late90+ days late

3 times

3 times

15 times (Nov 2012, Oct 2012, Sep 2012, Aug 2012, Jul 2012, Jun 2012, May 2012, Apr 2012, Mar 2012, Feb 2012, Jan 2011, Dec 2010)

Recent payment history [?]

12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 112010 2011 2012

Legend:	Currently paid as agreed
	120 days late
	Collection

[llecs]

It'll show as a negative for as long as the lates and negative comments show. The negative aspects include each of those lates and the comment of "account paid for less than full balance". The account status is a negative too but that'll go away once the lates go away. Try sending a goodwill letter to them. CapOne is tough to deal with but I have seen some success in removing paid charge-offs. It'll continue to report for 7 years from the DOFD of the debt, whenever that way (prior to Aug 2010).

[Gutkowski]

Thank you llecs I will give that a try