Credit Card Center Advertiser Disclosure†
02-13-2013 07:32 AM
OK so my situation from a few years ago is more serious than I thought. I thought it was limited to a failing business trying to get paid twice or a dirty company they had me apply to. But as it turns out it is far more serious and I have been totally compromised. Details on that are here
Anyways short of it I had an alert and score drop, so I bought all my credit reports and scores and found I have been totally compromised and had someone with access to my credit who was also paying to monitor it. So I immediately started taking action as anyone should. I started disputes, etc.
Well now every couple of days I get an alert that I have an account that has been updated and a score decrease. I go to score watch and look at the info and the previously reported and currently reported are the same.
Now I got no clue what is really happening, but it would appear the creditors are just updating the accounts with the same information and the score is going down down down each time they do. That makes no dang sense in either aspect. Makes no sense it would drop the score if the same information is reported/updated. Also makes no sense how the whole thing is working.
It is as if they were asked to update the reporting, not to prove that it is valid debt that belongs to me. I have never been more confused or frustrated.
If what I think is happening is really happening this whole system is such a joke I don't even know what to say......
02-13-2013 07:35 AM
about a year ago when i thought i'd be slick and just dispute everything on my credit report (valid or not), i got tons of alerts that were simple account updates. Could possibly be that?
Lots of it was just updates to the comments. Silly me at the time.
02-13-2013 09:23 AM
First off if your accounts have been used by someone else this should be your first priority not your scores.
You should be filing a report for Identity Theft. You should follow the process on what and how to handle Identity Theft. If your information is being used with-out your knowledge or consent then you make the legal report and make sure you prosecute to the fullest extent of the law, if and when they are caught.
It doesnt matter if it is a family member, a best friend, a business associate, whomever.... Now you may not feel the same way I do, but I value the hard work I put into cleaning up my reports, and knowing I have no issue applying for and getting any type of credit. Even if was a family member I would follow through with my intentions, but thats just me.
On the flip side if the issues are your fault, just for simple mistakes me all do such as missed a payment, or thought we payed, all things we all been through, then just try to deal with each one ethically and try and have them GW. I know there is never any guarantee they will fix them but we do have to live with our mistakes and time heals all.
But once again I will state if your accounts have been a factor of Identity Theft you need to handle that. Many people have problems for many many many years with Identity Theft. The faster you start the process the faster hopefully you will get results.
Good Luck as it is a pain in the rear.
02-13-2013 11:19 AM
Yeah it is fraud. It started out in 2009 with one thing I thought was just a dirty transaction or an unethical creditor. But come to find out it was far far worse. In fact that incident might not even be linked. Don't know.
Basically my identy has been stolen period. Totally compromised through Experian (and they know it). Someone took went to their site, gained access to my reports, then literally set up an account and began monitoring. Details are in that thread link, but they had it all set up I guess so they could see when time allowed it to recover enough to secure credit using it again. Totally exposed.
02-14-2013 01:29 PM
02-14-2013 02:51 PM
Hoss_Delgado wrote: Basically my identy has been stolen period. Totally compromised...
Did you file a police report? That should give you the leverage to have the illegitimate accounts deleted.
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.