topic Re: Deletion of comments =60 Points ⬇️ in General Credit Topics

Vantage Score Deletion of comments =60 Points ⬇️

Aspireto850 — Mon, 17 Jun 2019 19:47:57 GMT

This makes no sense to me at all so rational or factional opinions are welcome! A bit lengthy but I think interesting.

Doing spring cleaning on my TransUnion report for potential new mortgage. Have two accounts listed with “Under dispute by consumer...aligns you FCRA...). In passing told the TU agent I was getting prepared for mortgage so he recommended removing the comments as it would raise my score. Now I do know new disputes can add 1-5 pmts as tht tradeline is temporarily suppressed from scoring so this was odd to me and despite my ‘gut feeling’ I said please delete those ( my efforts to dispute had not been successful so was now going to the Creditor directly).

Anyway, next day score dropped...wait for it....62 points! 🤬🤬Before you ask, NOTHING NOTHING ELSE changed in this report as I have monitoring and reviewed my TransUnion day-to-day comparison report.
: One tradeline now has comments of ‘transferred’
*The other tradeline now has comments of closed.

According to agent those comments were there before and was evidently masked by the comments so when removed they went back to the original remarks.

How could this have such a HUGE impact cuz it’s comments for goodness sake. What am I missing???

So that day I called in to ask TU agent what happened and of course they don’t know. So I asked him to put the dispute comments back on my file and the next day my score went back up the 62 points! WTH 🤦🏼‍♀️

Okay scoring experts, please weigh in and educate me. PS, sorry for being long-winded.
Thanks

Re: Deletion of comments =60 Points ⬇️

Anonymous — Tue, 11 Jun 2019 16:04:10 GMT

odd to say the least. Can you provide some details surrounding the accounts you're disputing?

Re: Deletion of comments =60 Points ⬇️

SouthJamaica — Tue, 11 Jun 2019 16:50:19 GMT

@Aspireto850 wrote:
This makes no sense to me at all so rational or factional opinions are welcome! A bit lengthy but I think interesting.

Doing spring cleaning on my TransUnion report for potential new mortgage. Have two accounts listed with “Under dispute by consumer...aligns you FCRA...). In passing told the TU agent I was getting prepared for mortgage so he recommended removing the comments as it would raise my score. Now I do know new disputes can add 1-5 pmts as tht tradeline is temporarily suppressed from scoring so this was odd to me and despite my ‘gut feeling’ I said please delete those ( my efforts to dispute had not been successful so was now going to the Creditor directly).

Anyway, next day score dropped...wait for it....62 points! 🤬🤬Before you ask, NOTHING NOTHING ELSE changed in this report as I have monitoring and reviewed my TransUnion day-to-day comparison report.
: One tradeline now has comments of ‘transferred’
*The other tradeline now has comments of closed.

According to agent those comments were there before and was evidently masked by the comments so when removed they went back to the original remarks.

How could this have such a HUGE impact cuz it’s comments for goodness sake. What am I missing???

So that day I called in to ask TU agent what happened and of course they don’t know. So I asked him to put the dispute comments back on my file and the next day my score went back up the 62 points! WTH 🤦🏼‍♀️

Okay scoring experts, please weigh in and educate me. PS, sorry for being long-winded.
Thanks

How do you get a TU day to day comparison report?

Re: Deletion of comments =60 Points ⬇️

Anonymous — Tue, 11 Jun 2019 17:27:53 GMT

Its not the comments themselves that are impacting the score. I'm assuming the accounts have some kind of negative info attached. When accounts are in dispute they are ignored by the algorithm. By removing the dispute remarks the negative info is added back into the algorithm. The only way removing disputes would increase your score is if the positive info outways the negative, for example a very old account that raises your age of oldest account and average age of accounts. Sounds like the rep is unsure of how disputes impact scoring. Unfortunately removing dispute remarks is often a requirement for obtaining a mortgage. I'm guessing so no one can use the dispute process to minipulate scores by removing valid negative info.

Re: Deletion of comments =60 Points ⬇️

Anonymous — Tue, 11 Jun 2019 17:34:57 GMT

To echo what Obscure-Expert said let us know whats in the accounts being disputed. Perhaps the forum members can offer better advise on how to deal with the accounts in question.

Re: Deletion of comments =60 Points ⬇️

Aspireto850 — Tue, 11 Jun 2019 18:23:19 GMT

One account was a mortgage with original comments of 'sold/transferred'. The other is a collection with original comment of 'placed for collection'. Once the dispute comments were removed and these original ones were listed that tanked my score.

Re: Deletion of comments =60 Points ⬇️

Anonymous — Tue, 11 Jun 2019 19:01:07 GMT

The mortgage isn't the impacting issue. It's the collection being masked/unmasked.

Mortgages get sold and swapped all of the time and there's no scoring impact of that ocuring since the history travels with it from servicer to servicer.

Re: Deletion of comments =60 Points ⬇️

Aspireto850 — Tue, 11 Jun 2019 19:22:26 GMT

@Obsure-Expert,

Thanks for the follow-up. So even though the collection is listed as a 'collection' in the status field, the comments still carry that much weight?

Re: Deletion of comments =60 Points ⬇️

Anonymous — Tue, 11 Jun 2019 19:39:23 GMT

Well, didn't you say that when in dispute the scoring is surpressed?

VantageScore excludes entire accounts in dispute from the model that calculates your score. FICO, on the other hand, excludes only the disputed information such as an account balance and delinquent payments—not the entire account—from its calculations of your score. “The dispute doesn’t include the age, type, or other non-controversial aspects,” Scott says. “It includes things directly impacted by the dispute—e.g., account balance or late payment.”

https://blog.credit.com/2018/07/what-happens-when-you-dispute-something-on-your-credit-report-112460/

Filing a dispute has no impact on your score, however, if information on your credit report changes after your dispute is processed, your credit scores could change.

https://www.experian.com/blogs/ask-experian/how-disputing-information-on-your-credit-report-affects-your-credit/

https://ficoforums.myfico.com/t5/Mortgage-Loans/does-dispute-comment-lower-score/td-p/792730 (details out some of the things you're seeing)

Re: Deletion of comments =60 Points ⬇️

Anonymous — Tue, 11 Jun 2019 20:03:50 GMT

I think very often people misinterpret account "comments" being changed as a score-changing reason, when it's simply the algorithm ignorning/not ignoring the account due to a dispute.

Re: Deletion of comments =60 Points ⬇️

Aspireto850 — Tue, 11 Jun 2019 20:06:18 GMT

@Obscure-Expert,

Touche'!!! LOL

But I said 'suppressed' not strangled!! Thanks for the links. I had no idea that Vantage removes entire tradeline when under dispute. As an aside, why do we still have Vantage scores? No one really uses them anymore.

Thanks.

Re: Deletion of comments =60 Points ⬇️

Anonymous — Tue, 11 Jun 2019 20:25:22 GMT

no one ever really used VS. It was a ploy by the 3 CRA's to have their own Fico-like scoring w/o the licensing fee Fico charges them. I recall exactly 1 lender posted here over the years reportedly using VS but, all of my approvals/denials use Fico.

However, I'm not sure why but, BBVA provides a VS along with Fico in their denial results. There may be some use out there we're not aware of as mere mortals of credit.

Re: Deletion of comments =60 Points ⬇️

Anonymous — Tue, 11 Jun 2019 23:04:58 GMT

I can tell you that’s inaccurate on my profile. When an account is in dispute on my profile, the FICO algorithm excludes everything about that account from the algorithm, including age metrics and utilization. That’s how I found some age breakpoints coincidentally.

So I can guarantee you it does suspend the age metrics even though that is not the issue in dispute, At least on MY profile using myFICO and Experian credit works as reference.

Re: Deletion of comments =60 Points ⬇️

Revelate — Wed, 12 Jun 2019 00:44:32 GMT

Disputes are weird for FICO hence all bets around analyzing scores are off during them imo; namely, there were anecdotal reports of partial and sometimes full tradeline exclusion. I never saw substantial evidence either way so dispute score results = bad data in my book.

OP: should point out in the title this is VS and not any FICO; I do remember when I got my mortgage my VS scores went up non-trivially across the board, around 40 points IIRC so doesn’t surprise me you got a boost if your mortgage was being excluded.

FICO did not, actually was a non-trivial penalty cause installment utilization changes.