@Iusedtolurk wrote:
@Anonymous wrote:So i FINALLY hit 750 on one of my scores, another is at 746 and TU is lagging behind at 722 and hasnt updated CC balances yet.
Being So excited i was plundering around the "Other Scores" and noticed Fico Auto 2 among others that shows the negative reason as "Consumer Finance Accounts" on experian.com, so i check myFico.com as well.... it had "You have a consumer finance account on your credit report".
Imagine my surprise when i discovered that ally financial is the likely culprit. I have read that the point loss is negligible, but still.
I have heard the point loss due to CFA is also negligible but can anyone chime in on whether they hurt you negatively in other ways?
Negative point loss, I have never had any underwriter comment on my closed CFA but I do see it listed on every single algorithm on an otherwise clean file. I only have the one, I don't know if a second is an additional ding, I have zero intention of finding out though.
That said when I am fully pretty I am around 800 or higher on every score that matters at all (mortgage, FICO 8/9) so it's not like it's a huge issue but it's an annoying one. Mine falls off 2012, literally a 10 year ding, totally lame FICO, totally lame.
