Score after GW

[Anonymous]

My parents received a GW two days ago in which a 30 day late was removed.  They pulled their score up today and no change.  The 30 day took their score down 80 points.  How long does it take to recover?

[haulingthescoreup]

Have the reports updated without the late yet? Or were they just notified that the lender would do this?

No score change until report change, and all that.

[Anonymous]

Got letter about removal. Pulled all CRs, the late has been removed.  Only thing strange was on the EX report it was changed from 30+ to No data reported for that month.  But... no score change.  The late appeared jan 2009 and they lost 80 points. Its gone now and nothing.  I dont get it.

[Anonymous]

?

[Anonymous]

You might try using the FICO simulator and estimator for future guesstimates on what your score may look like with certain things happening, good or bad.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=36259

[Junejer]

You did say it was on EX, so you can't pull your EX FICO any longer. There is no rhyme or reason to what happens on FAKOs. Where did you get that EX credit score?

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turbowrx wrote:
Got letter about removal. Pulled all CRs, the late has been removed.  Only thing strange was on the EX report it was changed from 30+ to No data reported for that month.  But... no score change.  The late appeared jan 2009 and they lost 80 points. Its gone now and nothing.  I dont get it.

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[Anonymous]

I went to experian.com and paid for the report plus score.

Message Edited by turbowrx on 04-21-2009 04:45 PM

[Junejer]

That's a FAKO score. Don't get yourself all worked up over the rise and fall of a FAKO. Many events that would cause your FICO to rise may cause a FAKO to rise, drop or stand still. Conversely, many events that would cause your FICO to drop would cause a FAKO to rise, drop or stand still. The scoring formulas are different, so there is no correlation between a FICO and a FAKO.

[Anonymous]

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@Junejer wrote:
That's a FAKO score. Don't get yourself all worked up over the rise and fall of a FAKO. Many events that would cause your FICO to rise may cause a FAKO to rise, drop or stand still. Conversely, many events that would cause your FICO to drop would cause a FAKO to rise, drop or stand still. The scoring formulas are different, so there is no correlation between a FICO and a FAKO.

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I have found that when my cat hacks up a hairball, my fako's drop about 6 pts each.

[Junejer]

My FAKOs go up 16 points, when YOUR cat hacks up a hairball.

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Rick9972 wrote:

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@Junejer wrote:
That's a FAKO score. Don't get yourself all worked up over the rise and fall of a FAKO. Many events that would cause your FICO to rise may cause a FAKO to rise, drop or stand still. Conversely, many events that would cause your FICO to drop would cause a FAKO to rise, drop or stand still. The scoring formulas are different, so there is no correlation between a FICO and a FAKO.

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I have found that when my cat hacks up a hairball, my fako's drop about 6 pts each.

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