Contributor
Tristate
Posts: 82
Registered: ‎06-02-2012
Re: Charge off vs BK.I was stupid not paying attention!

llecs wrote:

OP, an IIB comment is scored as a negative. I don't know if it's more or less than a CO comment, so any guess would be just that. If the TL had not updated in a long time (years), then there's a chance of seeing a score drop once the TL changes. Something to consider. YMMV on your credit.


Yea...That's what I'm afraid of. But I just can't sit and do nothing about obvious inaccuracy in my report too.

So I called Equifax and initiated a dispute about this matter. They said it could take 30 days to investigate. Fine.

I am going to wait for the results of this dispute and see where my scores will be heading. If  my Fico goes up - I'll call TU and EX , if it's goes down  - I'm not touching it anymore.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



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Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
Re: Charge off vs BK.I was stupid not paying attention!

Sounds good to me.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Contributor
Tristate
Posts: 82
Registered: ‎06-02-2012
Re: Charge off vs BK.I was stupid not paying attention!

Shogun wrote:

Sounds good to me.


Thanks, Shogun! 

I will keep you guys updated , and we will see if IIB is better than CO.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



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Contributor
Tristate
Posts: 82
Registered: ‎06-02-2012
Re: Charge off vs BK.I was stupid not paying attention!

Update as of 9/18.

I've got a ScoreWatch alert today. My score went up 5 points because of changes in EQ report.

I don't know how to do a snap shot , so I will try to explain.

In about six accounts they changed balance from let's say $3,500 to $0. Although it didn't change from CO to IIB. Not a word about being in dispute too.

I'm pretty happy even if it's only 5 points ! Will see what is next.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



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Contributor
Tristate
Posts: 82
Registered: ‎06-02-2012
Re: Charge off vs BK.I was stupid not paying attention!

Let me correct myself. Balance was $0 now it just doesn't say anything.

High credit changed from (example) $3700 to $3000 all late fees removed I guess.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



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Contributor
Tristate
Posts: 82
Registered: ‎06-02-2012
Re: Charge off vs BK.I was stupid not paying attention!

OK. Another update. I called EQ and told them that whole idea of the dispute was to change the status of 5 accounts from CO to IIB. 

They said that they are going to do another investigation. It was yesterday Sep 19. And today Sep 20 I've got a ScoreWatch alert where it says that my Fico score went to 669. And my accounts i was disputing has changed to "Included In bankruptcy". So little jump from 660 to 669 , yea !!! And I'm going to call TU and Ex with same question, and hopefully it will get me boost too.


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



Take the FICO Fitness Challenge