I am having trouble figuring out what I need to do to improve my score, since my FICO changes inconsistently. I am hoping that someone could look at this score-watch data and give an explanation:
DATE: 4/22/2012SCORE:643
SW ALERT: signed up for myFICO Score Watch
DATE: 4/24/2012SCORE: 668
SW ALERT:
Your FICO score may have gone up because the following 2 factors are not hurting your FICO score as much as before:
- You’ve recently missed a payment or the date of your most recent missed payment is unknown.
- You have multiple accounts showing missed payments or derogatory descriptions.
DATE: 5/06/2012SCORE: 675
SW ALERT: New Installment Account
DATE: 5/08/2012SCORE: 675
SW ALERT: New Inquiry
DATE: 5/13/2012SCORE: 675
SW ALERT: New Inquiry
DATE: 5/15/2012SCORE: 675
SW ALERT: Small Balance increase on store-card account
DATE: 5/19/2012SCORE: 666
SW ALERT: Two charge-off accounts (1+2 of 4) put in dispute after I sent in letters requesting verification of DOFD.
DATE: 5/23/2012SCORE: 671
SW ALERT: No specific reason given
DATE: 5/24/2012SCORE: 655
At about this time all of my accounts had finished updating to $0 balance except for 1 store card report a $62 balance. This combination put me at less than 1% utilization.
SW ALERT: Another charge-off (3 of 4) put in dispute after I requested on-line that the payment history should not continue to be updated after the date the CO was paid.
DATE: 5/26/2012SCORE: 655
SW ALERT: Charge-off 4 put in dispute for same request that CO should not be reporting payment history after paid and closed.
DATE: 5/31/2012SCORE: 655
SW ALERT: Charge-offs 1 and 2 come back verified expect that CO 1 is now reporting 'account status: open' instead of a paid and closed account. called-in to request change to account status and account immediately put back in dispute.
DATE: 6/1/2012SCORE: 655
SW ALERT: Charge off 3 comes back verified and Charge off 1 back in dispute.
Does this stuff make any sense at all? My score dropped 20 points when I lowered my util to <1% because a charge-off account was in dispute?
disputed accounts come back with no change but FICO remains lowered?
new accounts and inquiries have no effect on my FICO?
What is going on?
