topic How to read myFICO alert in Understanding FICO® Scoring

How to read myFICO alert

Anonymous — Thu, 19 Oct 2017 17:12:15 GMT

A few weeks ago I disputed an entry on my credit report.

I received alert from myFico.com containg the information below. Does the arrow indicate that the status has been updated to "Pays Account as Agreed"?

I just don't know how to read this. Interestingly, the update dinged my credit score 2 points. Ouch.

https://imgur.com/4vb0MTX

Re: How to read myFICO alert

Anonymous — Thu, 19 Oct 2017 17:28:46 GMT

Since there's no last activity I assume the account no longer counts towards AAoA maybe? Was it your oldest account or anything?

Re: How to read myFICO alert

Anonymous — Thu, 19 Oct 2017 18:15:18 GMT

The Age of the account may account for the ding; however, I really wanted to know how to read the entry. Does this account no longer reports as "At Least 120 Days Or More Than Four Payments Past Due." And now it reports as "Pays Account As Agreed"?

Re: How to read myFICO alert

Anonymous — Thu, 19 Oct 2017 18:38:38 GMT

Seems like it but only way to know is to pull a report.

One thing to note is some derogatory accounts may change again after an initial change. So it may take two months to settle on it's final status.