topic Is this Possible? in General Credit Topics

Is this Possible?

Amiashu12 — Wed, 07 Jun 2017 15:19:00 GMT

I got two alerts today. The experian score dropped 26 pts. The balance on one of your accounts has increased by $5 and other account has increased by $9. They are both capital one credit cards. Please explain. Thanks

Re: Is this Possible?

Anonymous — Wed, 07 Jun 2017 15:30:28 GMT

Impossible to guess. Is it an Experian FICO score (does it say FICO on it)?

Alerts may not have anything to do with what the update information says in regards to your score change. We need more information on your overall credit profile.

Re: Is this Possible?

Amiashu12 — Wed, 07 Jun 2017 16:03:40 GMT

I have Experian Subscription as well. Both Experian Myfico Experian says fico8.

Revolving and open accounts: Amex Authorized User, Capital one $5000 CL and Capital one silver $2500. Chase Card $728 as Charged-off. Citibank Charged-off $3233.American express Charged-off $2053. Installment Account: American honda finanaced Repo to Charged off $4293. late payment on 3 accounts. Collection:Exin $2597, Eastern Account system $400, Afni Att $402, Steller Rec paid collection, Portfolio Rec $762.

Re: Is this Possible?

Revelate — Wed, 07 Jun 2017 17:58:44 GMT

@Amiashu12 wrote:
I have Experian Subscription as well. Both Experian Myfico Experian says fico8.
Revolving and open accounts: Amex Authorized User, Capital one $5000 CL and Capital one silver $2500. Chase Card $728 as Charged-off. Citibank Charged-off $3233.American express Charged-off $2053. Installment Account: American honda finanaced Repo to Charged off $4293. late payment on 3 accounts. Collection:Exin $2597, Eastern Account system $400, Afni Att $402, Steller Rec paid collection, Portfolio Rec $762.

Were you going through disputes on any of those red tradelines? All bets are off scoring wise if so, especially if the dispute triggered a re-report on a CO or something.

Do address the CO's when you can though, those are awful when it comes to scoring; actually I'd strongly suggest just focus on addressing the negatives right now, don't worry about what FICO 8 does in the short term.

Re: Is this Possible?

Amiashu12 — Wed, 07 Jun 2017 20:40:59 GMT

yes a credit repair company have disputed everything that was on my report. So after disputing, if the dispute triggered a re-report on a charge-off, does the balance remain $0 or it goes back to what i owe?