topic Re: Temporary score drop - Should I let Amex know it's resolved? in Credit Cards

Temporary score drop - Should I let Amex know it's resolved?

Anonymous — Thu, 14 Nov 2019 16:05:38 GMT

I had an invalid charge off pop up on my credit reports on October 29th. Experian FICO 8 dropped 30 points down to 683

I see that Amex did their latest soft-pull report review on November 8th, by then my score recovered to 700 (had a ugly derog age off).This was the first SP on Experian from them since I opened the account on June 1st.

I got a hold of the creditor for the updated charge off yesterday, they verified that it was totally incorrect and fixed it while I was on the phone! Today my score's back to a healthy 729

I should I call and let them know that the charge-off was in error & it's been correct? Terrfied that they're drafting my AA notification.

Re: Temporary score drop - Should I let Amex know it's resolved?

Remedios — Thu, 14 Nov 2019 16:16:16 GMT

You're fine. Worst thing you can do is draw unnecessary attention.

Score drops do and can happen, 30 points is far from end of the world

Besides, most likely Amex would do multiple SPs if they were concerned.

It's going to be okay, and even if something happened, you could call at that time and let them know it was an error.

Based on experience of others, they tend to be fairly reasonable.

Re: Temporary score drop - Should I let Amex know it's resolved?

AverageJoesCredit — Thu, 14 Nov 2019 16:28:18 GMT

Dont rattle cages Happens to the best of us

Re: Temporary score drop - Should I let Amex know it's resolved?

OmarGB9 — Thu, 14 Nov 2019 16:35:09 GMT

Agreed, you should be okay. If your score started trending downward and *staying* there, then they might be more concerned.

Re: Temporary score drop - Should I let Amex know it's resolved?

Anonymous — Thu, 14 Nov 2019 16:39:48 GMT

Ya'll are always good at pulling me out of a panic.

Hopefully they'll review it again next month, I've been working towards apping for the Cash Magnet at the end of the year.

Re: Temporary score drop - Should I let Amex know it's resolved?

GoldenloveNY — Thu, 14 Nov 2019 16:46:12 GMT

Don't poke a bear if the bear isn't concern with you....