topic Re: EE’d late auto payment on TU. Entire tradeline removed. in General Credit Topics

EE’d late auto payment on TU. Entire tradeline removed.

LukeJoseph — Tue, 14 May 2024 19:56:41 GMT

Hey all- last week I did an EE on a single late auto payment (my only negative) through TU's online dispute site.

It nearly immediately removed, but instead of the individual late they removed the entire account. Didn't think too much of it at the time as I have quite a few closed auto loans with all positives. And hey removed the only negative on the account.

Fico 8 only went up like 5 points. But then this past Sunday I decided to purchase all the reports. And looking at my TU Fico 8 Auto enhanced it's about 30 points lower than the EQ/EX.

I am digging through my reports and the only thing that is glaring is the missing account.

My question is, is it worth contacting TU and trying to get it added back minus the late? It was due to come off in a few months, hence the EE. Or what's done is done and just let it be.

Re: EE’d late auto payment on TU. Entire tradeline removed.

GZG — Tue, 14 May 2024 21:29:18 GMT

@LukeJoseph wrote:
Hey all- last week I did an EE on a single late auto payment (my only negative) through TU's online dispute site.

It nearly immediately removed, but instead of the individual late they removed the entire account. Didn't think too much of it at the time as I have quite a few closed auto loans with all positives. And hey removed the only negative on the account.

Fico 8 only went up like 5 points. But then this past Sunday I decided to purchase all the reports. And looking at my TU Fico 8 Auto enhanced it's about 30 points lower than the EQ/EX.

I am digging through my reports and the only thing that is glaring is the missing account.

My question is, is it worth contacting TU and trying to get it added back minus the late? It was due to come off in a few months, hence the EE. Or what's done is done and just let it be.

was that the only negative info on the report, or are there other negatives?

regardless, you'll save more money spending more time lender shopping for lenders not using auto fico scores than you will risking the tradeline coming back, the late not coming off when it's supposed to, just leave it IMO

Re: EE’d late auto payment on TU. Entire tradeline removed.

LukeJoseph — Wed, 15 May 2024 22:10:43 GMT

Yeah that was the only negative. I honestly didn't except a boost, as it was so old, but figured hey only negative getting removed on my account, what's the worst that could happen?

I will do a bit of "lender shopping". I am attempting to lease an EV, so that could limit me but I will dig around and see what I find

Thank you for the response

Re: EE’d late auto payment on TU. Entire tradeline removed.

hdporter — Fri, 17 May 2024 04:59:01 GMT

I'm almost inclined to suggest that this thread be pinned as a lesson on strategic EE.

First, understand that EE applies only to entire tradelines, not monthly delinquencies. For this reason, one typically wants to restrict its use to credit lines with a final adverse status (CO/CA).

Credit lines closed with a satisfactory status will see each adverse month clear at its respective 7 year age. Once the last delinquency ages off, the tradeline will continue to report 10 years post DLA. That becomes a substantial plus towards FICO score as it continues to age. No one should be in a rush to delete such a tradeline.

Re: EE’d late auto payment on TU. Entire tradeline removed.

Thomas_Thumb — Fri, 17 May 2024 15:29:12 GMT

@LukeJoseph wrote:
Yeah that was the only negative. I honestly didn't except a boost, as it was so old, but figured hey only negative getting removed on my account, what's the worst that could happen?

Thank you for the response

A 30 point drop on Auto Fico 8 if that was your only installment loan on file. The auto industry option gives bonus points if the installment loan is/was for an auto. The other Fico scoring models just want to see a loan of any type.

A closed loan on file satisfies credit mix. An open loan satisfies mix and recent loan activity criteria important for Fico 8/9.

Re: EE’d late auto payment on TU. Entire tradeline removed.

SouthJamaica — Fri, 17 May 2024 15:33:36 GMT

@LukeJoseph wrote:
Hey all- last week I did an EE on a single late auto payment (my only negative) through TU's online dispute site.

It nearly immediately removed, but instead of the individual late they removed the entire account. Didn't think too much of it at the time as I have quite a few closed auto loans with all positives. And hey removed the only negative on the account.

Fico 8 only went up like 5 points. But then this past Sunday I decided to purchase all the reports. And looking at my TU Fico 8 Auto enhanced it's about 30 points lower than the EQ/EX.

I am digging through my reports and the only thing that is glaring is the missing account.

My question is, is it worth contacting TU and trying to get it added back minus the late? It was due to come off in a few months, hence the EE. Or what's done is done and just let it be.

I vote for "what's done is done and just let it be". I don't believe in poking the bear.