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@Cdnewmanpac wrote:I apologize if I was incorrect. That was what my loan officer told me and matched my own experiences: when eq first reported my ca account as under dispute, my score jumped 11 pts. Nothing else had changed. When that dispute was resolved by the ca deleting the account, my score didn't budge. If my loan officer was incorrect, then I, too, am curious why a deletion of a ca account has no effect on scores.
@llecs wrote:
@Cdnewmanpac wrote:
If the deleted collection was already under dispute, you may not see a score change. Fico ignores disputed items in score calculations, so you may have gotten the bump when the dispute reported.
FICO fully scores CAs and PRs while disputed. Though FICO will ignore certain aspects of OC accounts while under dispute.
If you don't mind me asking, who was the CA? I have a theory.
Midland Credit Management
Here's a thought. All CAs, if coded correctly, are fully included in a dispute. In a few cases, there are some CAs like MCM, AFNI, and a couple of others, appear in the Accounts section of your FICO report as opposed to CAs. Not all of these are viewed as an account, but in some instances, they are miscoded to where FICO reads it as an OC vs. a CA. Your lender would know the difference obviously, but sometimes FICO cannot.
@Cdnewmanpac wrote:
..... As long as you have a judgement, you will stay in the major derogatory bucket for scoring. But that is separate from how a lender treats student loans.
The judgement was seen by loan specialist, it was interpreted as a Student Loan because it states "blank University school of medicine", just like all my other Derogatory marks, and even the same dates that correspond to a FEMA disaster.
That makes sense, since both tu and exp (which still show McMahon account) list zero collections, but count it as a potentially negative account. Thanks
@llecs wrote:Here's a thought. All CAs, if coded correctly, are fully included in a dispute. In a few cases, there are some CAs like MCM, AFNI, and a couple of others, appear in the Accounts section of your FICO report as opposed to CAs. Not all of these are viewed as an account, but in some instances, they are miscoded to where FICO reads it as an OC vs. a CA. Your lender would know the difference obviously, but sometimes FICO cannot.
I'm not disagreeing with you. How a lender interprets a report is DIFFERENT than how fico scores a report. So while your lender may view it as a student loan and give it less weight, any judgement, regardless of reason, is going to put you in fico's major derogatory bucket. So the person that posted that you would be rebucketed when your medical collection Deleted was wrong. If your goal is to get a mortgage, getting the collection deleted will be a huge help, even if the score doesn't move. Getting the judgement removed might get you a better interest rate, but isnt essential to getting a mortgage. But if your Goal is a 750 fico score, or a card like the sapphire or amex platinum, that probably won't happen until you get the judgement removed.
@Student_Loans_Kill wrote:
@Cdnewmanpac wrote:
..... As long as you have a judgement, you will stay in the major derogatory bucket for scoring. But that is separate from how a lender treats student loans.
The judgement was seen by loan specialist, it was interpreted as a Student Loan because it states "blank University school of medicine", just like all my other Derogatory marks, and even the same dates that correspond to a FEMA disaster.
I'd certainly call and ask about the split file. Not all of the CSRs will know what it is, but keep asking until someone can answer you. One of my shoulda-been-a-warning was a CC wasn't reporting since October. Neither were 3 INQs from last year, so when all that hit, my score dropped.
And, to your OP, I had a federal tax lien drop with no SW nor was there a change in my score for it. SW doesn't alert when things fall off, only when there is an increase in a balance or some kind of change to personal info. I thought it would show when things fell off, too, but learned that it doesn't. I also learned the hard way that what we may think is a significant score-draining baddie, might not really be in the scheme of things. 0 points when the lien was removed (and it had still been reporting as "unpaid")
retract to student loans I thought that was your last derog item on report. Get that judgement vacated if you can try new arangements for payment if they will remove judgement super important I forgot you went to court on this?