topic Re: Equifax is Mean in Rebuilding Your Credit

Equifax is Mean

Sadie5150 — Tue, 16 Feb 2021 17:27:39 GMT

I've been working for what seems like forever to get my credit profile in shape. I woke up this morning to see that I've FINALLY reached the 700 mark with all 3 CRA's.

Now, here's where I need your help. While my Exp FICO is 723 and my TU is 721, me EQ is 701. I know exactly why and remember when they placed an update on my account after me asking them to correct the DOFD. I got a notification stating that my FICO had dropped 17 points and the update showed the DOFD added. HOWEVER, they also added under date reported : October 28, 2020. The account was PIF after settled for less, on 10/10/2018. Both the CRA's have last update as Oct of 2018. Equifax's report makes this account look like it was new as of 10/28/20.

Does this look correct to you? Should I request that they correct it? This is the ONLY derog on my reports now and it's killing me. I've posted a copy of the account from EQ in the comments.

Re: Equifax is Mean

Girlzilla88 — Tue, 16 Feb 2021 17:40:53 GMT

@Sadie5150 I don't see anything posted below?! But also I do know (not sure if this helps) But EQ was the hardest/Longest to turn around when I was correcting issues as well with the others taking around a month EQ took a little over 3 months to resolve the same information so honestly I don't know anyone who their favorite is EQ Lmao. If they started the clock on you and the others fall off I would see if they would Remove it (did you get a formal notice mail or email stating they would remove from all 3?!)

Re: Equifax is Mean

Sadie5150 — Tue, 16 Feb 2021 17:45:59 GMT

I'm not a tech person at all.. . I can't get the file to load on page. Saying it's too big. I shrink it. Still too small. I take a screen shot, same thing.
It's turning out to be a frustrating morning.. lol

Re: Equifax is Mean

Sadie5150 — Tue, 16 Feb 2021 17:48:27 GMT

@Girlzilla88

Hi.. I wasn't requesting they delete. Only to correct the DOFD.. when they did that, they added a date reported of 10/28/21. It updated and makes it look newer.

Re: Equifax is Mean

gdale6 — Tue, 16 Feb 2021 17:50:19 GMT

@Sadie5150 wrote:
I'm not a tech person at all.. . I can't get the file to load on page. Saying it's too big. I shrink it. Still too small. I take a screen shot, same thing.
It's turning out to be a frustrating morning.. lol

1M file size is the limit for this board, you can use something like Paint (in Windows) to shrink size down to where it needs to be, usually 25% of original size is around the sweet spot.

Re: Equifax is Mean

Girlzilla88 — Tue, 16 Feb 2021 17:51:08 GMT

@Sadie5150 Hahaha I understand you there for sure! *sips coffee* LOL. Ok if you reach out to them to correct an issue/amount they can restart the clock so to speak so I would see/check with others here to see if there is anything you can do to get it off or re-correct it since they can restart it unfortunately

Re: Equifax is Mean

thornback — Tue, 16 Feb 2021 17:54:52 GMT

EQ often does this after disputing a derog that results in any type of update to the tradeline. It's technically correct- as the lender likely provided an update to all info pertaining to the account - including its status, making the 'reported date' the date of the last update.

So long as your dofd is now accurately recorded, I'd recommend leaving it alone. The sting will lessen as time goes by and EQ will catch up to your other two eventually. Attempts to get them the revert to the 2018 date will likely fail and cause additional updates to the tradeline.

Re: Equifax is Mean

Sadie5150 — Tue, 16 Feb 2021 18:03:19 GMT

@thornback Thank you. I was hoping you would see this and chime in . As much as I wish this would just go away, I guess I'll just wait it out.

Re: Equifax is Mean

thornback — Tue, 16 Feb 2021 18:14:15 GMT

@Sadie5150 wrote:
@thornback Thank you. I was hoping you would see this and chime in . As much as I wish this would just go away, I guess I'll just wait it out.

Maybe you're just not wishing hard enough, Sadie!!! 🙃

YW. These things happen (and is why we say not to dispute accurate information-- in your case tho, you had no choice). It's a minor score setback but, take a breath, try not to stress over it- just keep doing what you need to do and let time do its part.

Re: Equifax is Mean

Anonymous — Wed, 17 Feb 2021 08:44:00 GMT

No absolutely not. It's not your fault that they screwed up on the DOFD, which required later correction. You should not be penalized by a later date of update.

You're not the first person this is happened to. And it has been corrected and can be corrected. You are absolutely right that's causing that to appear as a recent derogatory as opposed to a mature derogatory and is therefore costing you more points. I would seek to have it corrected though you have to be careful with EQ.

Re: Equifax is Mean

Anonymous — Wed, 17 Feb 2021 11:22:45 GMT

@Anonymous wrote:
No absolutely not. It's not your fault that they screwed up on the DOFD, which required later correction. You should not be penalized by a later date of update.

You're not the first person this is happened to. And it has been corrected and can be corrected. You are absolutely right that's causing that to appear as a recent derogatory as opposed to a mature derogatory and is therefore costing you more points. I would seek to have it corrected though you have to be careful with EQ.

Is that so?

I agree with @thornback . When you disoute something, one needs to weigh the risks of what hallens if the entire accoubt is not be removed, if it is worth it. Any verification, correction, or update, in turn updates the "last reported" or "last update" date to the month it was done - so if one disputes in 10/2020, the "update" or "reported" date changes to 10/2020.

I have seen too many heartaches from disputing or inadvertently disputing items, and it truly unfortunate. I am at the point, unless I know I will 100% get an item removed, I will just let items sleep.

OP should be thrilled that it did not update all 3 bureaus, because that happens, too. It happened to me recently: disputed directly with one bureau and the creditor updated all 3 bureaus, when it had nothing to do at all with the other 2 bureaus.

Re: Equifax is Mean

thornback — Wed, 17 Feb 2021 16:16:47 GMT

@Anonymous wrote:
No absolutely not. It's not your fault that they screwed up on the DOFD, which required later correction. You should not be penalized by a later date of update.

You're not the first person this is happened to. And it has been corrected and can be corrected. You are absolutely right that's causing that to appear as a recent derogatory as opposed to a mature derogatory and is therefore costing you more points. I would seek to have it corrected though you have to be careful with EQ.

@Anonymous yes, and If it were any other bureau I'd suggest OP try to have it reversed. Not that all experiences are equal, but I've been through this before and found that, if no actual change to the account status (even if the creditor updates the status in their dispute response; status meaning chargeoff, paid, etc.), EX will likely leave the the reported date alone. TU may update the reported date but are more likely to correct once brought to their attention. EQ was another matter entirely and after several direct disputes with the creditor and bureau disputes with EQ, I never managed to have it corrected and it only resulted in an updated reported date each time - after several attempts, I left it alone.

Barring a civil lawsuit, I'm not sure if disputing it further will yield the appropriate result.

@Sadie5150 you can try to fight this if you want - you have grounds - but understand that it may cause additional updates in the process. Pick your battles.

Re: Equifax is Mean

Anonymous — Wed, 17 Feb 2021 17:28:44 GMT

That’s why I said you have to be careful with the Equifax because you may have to go all the way to court. But I have seen disputes that resulted in going back and changing the date of update because it penalized a person inappropriately because it was the creditors fault, so it is possible. But as I said dealing with Equifax you might have to be willing to go all the way to court.

Re: Equifax is Mean

Anonymous — Wed, 17 Feb 2021 17:29:57 GMT

They can change the date of update