No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I recently requested to have a CA removed from my Credit Report (sent in a copy of the Cert. Mail Receipt, a copy of the letter From the CA stating that they would remove the collection) and a letter requesting to have it removed.
Well I got an e-mail from EQ stating that they have received the 'dispute' and would be investigating for 30 days etc...
well the next day I got a score watch e-mail (thinking WOW that was fast an increase!!) but it was an 18 point decrease instead, my question is:
if the FICO drop was due to the 'inquiry' which they call a dispute, when the 30 days are up will the FICO score be increased again? I don't understand why the score dropped because of a request to have a CA removed??? (with the letter from the CA and copy of the certified receipt) I thought it would be pretty simple, just look at the documents and take it off!
What am I missing? Is my FICO score going to rebound after the 30 days??? (I was pretty excited about repairing my credit) but I think if this is what happens I'll probably just be better off leaving things alone and just letting then fall off!!
Thanks for any help with this topic.
On your EQ report, check the DOLA (Date of last activity). I bet the CA updated the collection. An 18 point drop for an updated DOLA is not uncommon. Is it fair, well, no its not. Its one of many things I hate about EQ.
I'm wondering -- If you dispute an item is it temporarily removed from scoring until the dispute is completed?
@Anonymous wrote:
I'm wondering -- If you dispute an item is it temporarily removed from scoring until the dispute is completed?
CAs no, trade lines to some degree. Since the OP disputed a CA, I suspect the CA updated a new DOLA on EQ. That hurts scores. If the OP disputed a TL (even a CO), all aspects of the TL except its credit history length and AAoA would be removed from FICO scoring calculations.
@fused wrote:
@Anonymous wrote:I'm wondering -- If you dispute an item is it temporarily removed from scoring until the dispute is completed?
CAs no, trade lines to some degree. Since the OP disputed a CA, I suspect the CA updated a new DOLA on EQ. That hurts scores. If the OP disputed a TL (even a CO), all aspects of the TL except its credit history length and AAoA would be removed from FICO scoring calculations.
Hey fused,
I was thinking the same thing, maybe they updated the DOLA? Man that STINKS!! if I called the CO and started something then i could see it, but a LETTER? and that's activity??? boy they are a trip! If they delete it then I should see a score increase on my score watch right? (haven't gotten one yet) and I haven't opted in on the EQ on line dispute (i like mine mailed).
Beam,
I'm shaking my head over here on this one, sure would be nice to get another e-mail showing a score increase because it's gone! Or even just a letter stating that 'it's gone' will work for me! :-)
I experienced a 20 point drop in my TU score after having one old/duplicate CA removed. I was wondering how my score could decrease after having one less CA.
@Anonymous wrote:
I experienced a 20 point drop in my TU score after having one old/duplicate CA removed. I was wondering how my score could decrease after having one less CA.
Are you sure nothing else changed on your TU report? Was there also a charge-off relating to the CA that fell off of your reports? Differences in some off your account balances? Or, was the CA your last baddie?