topic Re: 70 point drop on Score Alert, not on Credit Report in Rebuilding Your Credit

70 point drop on Score Alert, not on Credit Report

Anonymous — Fri, 17 May 2013 19:55:21 GMT

For two months now, I have received a Score Watch Alert and a 70 point drop for an account with La Curacao which I DON'T have. After a week, I receive a second SW Alert and regain the 70 points.

This La Curacao account is not on any of my credit reports and when I call La Curacao, they can't find any account matching my name, DOB or SS#.

How shall I proceed? I can't dispute because it is not on any of my reports. Also, I have another CMS through my CU and it also sent me the alert.

Any help or shared experience would be greatly appreciated.

-A

Re: 70 point drop on Score Alert, not on Credit Report

Booner72 — Fri, 17 May 2013 21:54:46 GMT

Since you have the points and it's not showing up I wouldn't even worry about it.

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Fri, 17 May 2013 22:21:13 GMT

My concern/question is whether it will affect my goal of purchasing a home in the next few months.

Will this monthly SW drop also show on a bank pulled credit score?

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Fri, 17 May 2013 22:26:18 GMT

Your score dropped then went right back up. Is this happening monthly?

Whoever pulls your credit will see what your score is at that time, not what it was when the CA hit.

I would pull directly from the CRAs or annualcreditreport.com if you still can.

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Fri, 17 May 2013 22:32:48 GMT

I checked Equifax today (back door) and there was nothing there. Actually, I have never seen it on any credit reports. I'm at a loss on how to proceed.

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Fri, 17 May 2013 22:49:23 GMT

There really isn't anything that can be done unless it actually shows up on your report.

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Fri, 17 May 2013 23:00:03 GMT

UPDATE:

I called MyFico. First guy told me he didn't know why this happened. Put me on hold while he spoke with Supervisor. He came back and told me they were both "perplexed". His suggestion was to pull a MYFICO report to see what changes were made since the last SW.

I don't think anyone wants their Credit Report defined as Perplexing.

I'll update this thread with any results as I go along.

I might pull MyFico and look for changes. I might also call Equifax. I am worried this might end up with the discovery of a Split Credit File.

-A

Re: 70 point drop on Score Alert, not on Credit Report

Shogun — Sat, 18 May 2013 00:57:51 GMT

Split file is exactly what I was thinking.

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Mon, 20 May 2013 16:15:23 GMT

UPDATE:

I called the Equifax Security Department (888) 298-0045. I wasn't on hold long before someone spoke with me.

CSR took my info and looked at my file. Basically, she told me there wasn't any problem with Equifax, everything seemed fine- No split file.

She said I should talk to Myfico since these alerts are coming from a third party.

So to recap: I have called Myfico, Equifax, La Curacao & I still don't have an explanation or solution.

I was joking to my wife that I pay Myfico a monthly fee to stress me out.

So here is my question to the forum members. If I could at least get this answered I would be happy:

If this score drop is only on Myfico, but no changes appear on my credit report, is it safe to assume this won't affect a lender pulled score?

Thanks!

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Mon, 20 May 2013 16:20:56 GMT

I want to say yes. But there has to be a reason that myFICO Scorewatch is getting those alerts. The CR here are pulled directly from EQ. If you get another one I would immediately get a report from EQ and see if there is something there. Or at least call them.

The whole situation is extremely odd to say the least.

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Mon, 10 Jun 2013 22:26:52 GMT

UPDATE:

SW is acting really strange now. The point drops and rebounds are happening every week now. The latest is a 102 point drop for a non-existent Collections which is not mine. Once again, I backdoored Equifax and it is not on my credit report.

What is strange about this new collections is that under the Description column, it is stating I am currently disputing this item. However since it is not on my credit report, there is no way I could be disputing it. The first reporting date on the alert is from 6 months ago, but this is the first time it has triggered a SW.

I am looking forward to canceling my SW service. I really can't use it, since it is obviously not accurate.

If nothing else, I am hoping these updates can lend some insight to any other poor souls that find themselves in this situation.

Re: 70 point drop on Score Alert, not on Credit Report

DaBears — Mon, 10 Jun 2013 22:32:14 GMT

WOW. That's pretty messed up!!!!

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Tue, 11 Jun 2013 01:19:24 GMT

Update:

It's almost comical now: 10 hours after dropping 102 points, I just now recieved an alert and the 102 point have been returned to me.

Re: 70 point drop on Score Alert, not on Credit Report

swtneka — Tue, 11 Jun 2013 01:27:23 GMT

Hmm that is very comical... have u called SW to see whats going on thier end. If i got a 102 point drop or increase i would faint! Usually when i get a increase or decrease

sw tells me y. Did they tell u y?

Re: 70 point drop on Score Alert, not on Credit Report

Anonymous — Tue, 11 Jun 2013 04:18:58 GMT

102 point drop:

This score decrease may be caused by these 3 new reasons:

You have a public record or collection in addition to a serious delinquency on your credit report.
You’ve recently missed a payment or the date of your most recent missed payment is unknown.
You have a recent public record or collection on your credit report.

102 point gain:

Your FICO score may have gone up because the following 3 factors are not hurting your FICO score as much as before:

You have a public record or collection in addition to a serious delinquency on your credit report.
You’ve recently missed a payment or the date of your most recent missed payment is unknown.
You have a recent public record or collection on your credit report.

Even more strange was this line after the increase: "Your FICO® score went up on a day when there were no credit alerts on your Equifax Credit Report™. "

When these false alerts started, it really stressed me out. Now, I have come to expect them. I usually get 2 alerts a week.