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How would this affect my score?

New Contributor

How would this affect my score?

I reviewed my report for the month of April.  Equifax is reporting an installment account from World Omni that financed a car loan for me from 2004-2010.  It was paid off in 2010.  In  2009 I had 2 30-day lates due to being out on medical leave.  I tried to go the route of Verifying through the CRAs, the GW deletion via World Omni -  they keep shooting me down, but when I sent in the inquiries, somehow they began reporting the account with Equifax again!  The account was paid in full in 2010, but showing activity with EQ un through Jan 2013.  I am considering challenging this with EQ because it is indeed inaccurately reported, but will it cause my score to take a dip if I do?



Starting Score: 5 43 Ex May 2012 EQ May 2012 550
Apr 2013 Score: Apr 2013 TU/ 683 Ex /670 EQ/ 686

Dec 2013 EQ/751 TU/730 EX 762

Goal Score: 740


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Message 1 of 3
2 REPLIES
New Contributor

Re: How would this affect my score?

I'm not sure I understand. Are you saying that your account wasn't being reported to Equifax until you challenged the validity of your 30 day latest?
Message 2 of 3
New Contributor

Re: How would this affect my score?

Yes, that is partially correct.  Before I challenged it, they reported it as the other 2 CRAs do - as an installment account that had 2 30 days back in 2009 but paid in full as of 2010.  Once I challenged it (and I challenged/verify requested) with all 3 CRAS, EQ took it upon themselves to report the  account as active up until Jan 2013.  Go figure.....



Starting Score: 5 43 Ex May 2012 EQ May 2012 550
Apr 2013 Score: Apr 2013 TU/ 683 Ex /670 EQ/ 686

Dec 2013 EQ/751 TU/730 EX 762

Goal Score: 740


Take the myFICO Fitness Challenge
Message 3 of 3