topic Re: How would this affect my score? in Understanding FICO® Scoring

How would this affect my score?

Anonymous — Sun, 12 May 2013 05:10:24 GMT

I reviewed my report for the month of April. Equifax is reporting an installment account from World Omni that financed a car loan for me from 2004-2010. It was paid off in 2010. In 2009 I had 2 30-day lates due to being out on medical leave. I tried to go the route of Verifying through the CRAs, the GW deletion via World Omni - they keep shooting me down, but when I sent in the inquiries, somehow they began reporting the account with Equifax again! The account was paid in full in 2010, but showing activity with EQ un through Jan 2013. I am considering challenging this with EQ because it is indeed inaccurately reported, but will it cause my score to take a dip if I do?

Re: How would this affect my score?

Anonymous — Sun, 12 May 2013 05:22:22 GMT

I'm not sure I understand. Are you saying that your account wasn't being reported to Equifax until you challenged the validity of your 30 day latest?

Re: How would this affect my score?

Anonymous — Sun, 12 May 2013 05:30:23 GMT

Yes, that is partially correct. Before I challenged it, they reported it as the other 2 CRAs do - as an installment account that had 2 30 days back in 2009 but paid in full as of 2010. Once I challenged it (and I challenged/verify requested) with all 3 CRAS, EQ took it upon themselves to report the account as active up until Jan 2013. Go figure.....