No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I started getting old names and addresses deleted on my reports in Mid-late Sep. I also disputed one late and a morgage account saying closed and zero balance when in fact it was not. EX score started at 655 when up on 9/19 to 669 no alert on this day. Then It went up again on 9/24 to 685 with a credit card balance change alert, balance with down. Then on 9/27 it dropped to 670 with an account change alert showing whats below. Why would this drop my score 15 points??!! When I pull my actual EX report the balance still says $0 balance. That and the Comments is all I see that is different in scorewatch. Will the Newly reported comments cause my score to drop? I'm confused. Please help! Thanks in advance.
Previously reported | Newly reported | |
Balance: | $0 | |
Past due: | $0 | $0 |
Status: | Pays account as agreed | Pays account as agreed |
Last activity: | 7/1/2013 | 7/1/2013 |
Description: | Consumer disputes - reinvestigation in process | Account transferred or sold Real estate mortgage Conventional mortgage |
You are saying the mortgage should not be closed with a 0 balance? It says it was sold and if that is the case that is how it is supposed to report.
When you dispute OC accounts certain aspects of the TL are removed from scoring. Your score can go up or down. When the dispute is resolved, your score will either go back to predispute, if no other changes occured on your credit report, or up or down, depending on an update, change or deletion.
@Dais3Cak3s wrote:
Right. The account was not sold. Still it doesn't explain my score dropping. Also I forgot to mention that I was disputing an erroneous late on that mortgage from 2008 which was deleted along with the account change. So if anything my score should have gone up. Before I disputed the late the account was reported as open with correct balance. It is all very confusing. What I'm trying to say is nothing Negative happened for my score to go down only positive changes.
Did you mean EQ vs. EX?
Your FICO will ignore certain aspects during a dispute, including your payment history. Therefore, you wouldn't see any increase if that late was deleted. And FICO would have ignored it upon the initial alert so any gains would have been then. Also, FICO largely ignore lates that old at 30 or even up to 60 days late, so unless it was a 90+ or worse, then you wouldn't see any changes there either.
If the -15 came from a SW alert, then know that the score change is a NET score change. It doesn't mean that the end of the dispute or even that account caused the score drop. There could have been other factors influencing that drop like util.
my WM fico dropped 13 and i think its because all of my cc are reporting zero balances, nothing else has changed on my cr
@Steelersboy wrote:my WM fico dropped 13 and i think its because all of my cc are reporting zero balances, nothing else has changed on my cr
Possibly; drop a balance on a single card next month and see if the score rebounds.
@Revelate wrote:
@Steelersboy wrote:my WM fico dropped 13 and i think its because all of my cc are reporting zero balances, nothing else has changed on my cr
Possibly; drop a balance on a single card next month and see if the score rebounds.
Yep, got 2 pts today.EQ seems to always want a balance reporting.
Interesting. Good to know