Reply
Frequent Contributor
Posts: 470
Registered: ‎02-14-2013
0

Question on Scoring for IIB vs. CO/paid

Is there a difference in scoring on accounts that are marked 'Paid was a Chargeoff' and the same account if it is marked IIB?

 

Have several accounts on TU not marked as IIB. I am trying to figure out if it is worth a continued battle to have these corrected. I've been searching and can't figure this out. Thank you for any advice.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Question on Scoring for IIB vs. CO/paid

Generally both comments are scored the same. Both comments are considered major baddies. Have you tried GWing? I'd think it would be easier to GW a CO comment than a IIB comment.

Frequent Contributor
Posts: 470
Registered: ‎02-14-2013
0

Re: Question on Scoring for IIB vs. CO/paid

Thank you for your answer. I haven't decided on a next step, i.e. GW.  If it doesn't effect my score one way or the other, I may just live with it. I don't want to mess with something if there won't be any gain, and take the chance I could end up with more goulash. I did just get a dismissed judgement removed from all 3, and I'm on round 3 with Barclay's reporting duplicate accounts (this one is turning into goulash, dates changing, removing the correct one and leaving the incorrect one, etc. I think they're playing with me now.)

 

So, I took on the 2 most obvious, should-be-sure-things, first. Everything bad except the PR BK will drop off 2016-17, and I can live with that, but if it's wrong and hurting me, I'll keep on it.  I've searched, read and asked everywhere about the scoring difference, and whether it can cause problems not showing IIB, and all I've really been able to find is something like "if an account is included it should show included or discharged in BK." If I ask "what are the effects if it doesn't," haven't had much helpful response.

 

So, thank you, that will help me decide what to do next, if anything.

Valued Contributor
Posts: 1,977
Registered: ‎04-07-2009
0

Re: Question on Scoring for IIB vs. CO/paid

The accounts that were included in the BK should not be reported as a paid charge off. The difference between a charge off and the BK account is who is responsible ofr the debt. The included in BK  you are not responisble and the Charge off you are responsible.  If you want to dispute this dispute the trade lines that are shown as a charge off and if you have the paperwork send TU the list of accounts that were included in the BK.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
Frequent Contributor
Posts: 470
Registered: ‎02-14-2013
0

Re: Question on Scoring for IIB vs. CO/paid

[ Edited ]

Thank you. All these accounts (5) are HSBC. I have read this is an ongoing HSBC problem. Why only on TU, I don't know. I have not read about anyone actually getting this corrected or how.

 

The accounts were originally listed as CO. I disputed all my accounts on TU that were discharged. All were updated and marked IIB, except the HSBC's, which were updated to 'Paid - was a chargeoff' and under remarks 'sold or purchased by another lender.' No mention of IIB. The online version also shows a note about the update being FCRA compliant. This is not on the direct-from-TU report.

 

I do have all my paperwork.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.