topic Re: Goodwill success? in Rebuilding Your Credit

Goodwill success?

risosers — Fri, 10 Jun 2022 18:02:29 GMT

I wrote just a few emails to different people at my bank, explaining some old missed payments (reported as 30, and 60). To my utter surprise, they wrote back and said they would update the accounts to show "current for all months". I was so excited when I got notifications that negatives were removed from my account, until I saw that it lowered my credit score by 3 points. **bleep**. There is no winning in this world.

Re: Goodwill success?

NYC_Fella — Fri, 10 Jun 2022 19:54:41 GMT

@risosers wrote:
I wrote just a few emails to different people at my bank, explaining some old missed payments (reported as 30, and 60). To my utter surprise, they wrote back and said they would update the accounts to show "current for all months". I was so excited when I got notifications that negatives were removed from my account, until I saw that it lowered my credit score by 3 points. **bleep**. There is no winning in this world.

That seems quite bizarre.

Re: Goodwill success?

FireMedic1 — Fri, 10 Jun 2022 20:08:06 GMT

Where you getting your scores from? Something else is going on. Or a full update hasnt occurred. Congrats BTW!

Re: Goodwill success?

risosers — Fri, 10 Jun 2022 21:00:27 GMT

I'm getting the scores from myfico. A search of the forums seems to suggest its due to something called rebucketing.

Re: Goodwill success?

jrwa81 — Fri, 10 Jun 2022 23:14:23 GMT

Are you absolutely positive that it was the late payments that were removed and it wasn't something else? Updates to credit reports don't typically happen overnight and can take up to 30 days. The creditor would have to submit a request to the bureaus to update. It sounds like something else might be going on. The removal of late payments does not cause a score drop.

Re: Goodwill success?

risosers — Sat, 11 Jun 2022 21:02:43 GMT

This is the only thing that changed.

June 9th 2022 - A delinquency / past due account was removed from your credit report 
[Your FICO Score 8 based on TransUnion data is down by 3 points to 705.]
TransUnion -3 705
A delinquency / past due account was removed from your credit report

Re: Goodwill success?

OmarGB9 — Sat, 11 Jun 2022 21:27:49 GMT

@risosers wrote:

This is the only thing that changed.

June 9th 2022 - A delinquency / past due account was removed from your credit report 
[Your FICO Score 8 based on TransUnion data is down by 3 points to 705.]
TransUnion -3 705
A delinquency / past due account was removed from your credit report

That may be the only *alertable* thing that changed, but it may not necessarily be the *only* thing that changed. Some events don't trigger an alert, and score decreases/increases aren't always tied to the alert itself. I'd suggest going over your report with a fine tooth comb and compare EVERYTHING side by side to truly ensure nothing else changed.

Re: Goodwill success?

risosers — Sun, 12 Jun 2022 05:04:58 GMT

Is there some reason to believe this is not rebucketing?

Re: Goodwill success?

OmarGB9 — Sun, 12 Jun 2022 12:53:10 GMT

@risosers wrote:
Is there some reason to believe this is not rebucketing?

Have you meticulously gone over your reports side by side and ruled out any other changes?

Re: Goodwill success?

risosers — Sun, 12 Jun 2022 15:03:57 GMT

@OmarGB9 wrote: Have you meticulously gone over your reports side by side and ruled out any other changes?

No, I have not, because I assume this is rebucketing. Is there some legitimate reason to assume this is not rebucketing?

Re: Goodwill success?

gdale6 — Sun, 12 Jun 2022 16:09:34 GMT

@risosers wrote:
@OmarGB9 wrote: Have you meticulously gone over your reports side by side and ruled out any other changes?
No, I have not, because I assume this is rebucketing. Is there some legitimate reason to assume this is not rebucketing?

If these were your only derogs on file then yes you have been rebucketed.

Re: Goodwill success?

morethan20yaks — Sun, 12 Jun 2022 17:20:58 GMT

@risosers wrote:
There is no winning in this world.

You won..

Congrats, enjoy the clean scorecard.