I do not understand! My score dropped today 18pts

[Anonymous]

I do not understand!  I dispute this account because it said it was a settlement and I do not remember that it was a settlement, I called and they said that it was a balance of 600.00.  We sold a house and we paid whatever they told us to pay in the payoff.  Why points went down if the information is basically the same.  It is a judgment and is in my credit and my husband.  The account is with Beneficial (HSBC) and the total amount was around 9,000.00

Previously reported Newly reported Balance:

was $0 now $0 Past due: was Not on Record now Not on Record Status: wasPays account as agreed nowPays account as agreed Last activity:was 8/1/2006  now 8/1/2006

Description:

was:  Settlement accepted on this account

now:  Settlement accepted on this account
Closed or Paid Account/Zero Balance
Home equity

[Anonymous]

My only guess would be that the status changed from "pays as agreed" to "closed" which probably weighs in differently on your score.

[Anonymous]

Contact HSBC. Have them correct it and at the same time have them send you a fax or letter stating that is in error in case you need to dispute should they fail to correct.

[Anonymous]

Thanks.  I called HSBC and they said to call the lawyers handling the judgment and the lawyers told me to call HSBC that they are not reporting anything to my credit.  I will start calling tomorrow.  I have a satisfaction release of judgment for the total amount.  Does that proof it was not a settlement?