No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I disputed a small collections and EX showed that it was recently added! How can that be the case if I was able to dispute it? Score dropped 15 points! Pissed.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
That's a potential pitfall with disputes. In some cases the item will update and have a negative scoring impact. Not unique to EX. Carefully research in Rebuilding before taking action on derogs.
but how can it show that it's "newly been added" when it's already on my credit report?
@takeshi74 wrote:That's a potential pitfall with disputes. In some cases the item will update and have a negative scoring impact. Not unique to EX. Carefully research in Rebuilding before taking action on derogs.
@egaithe wrote:but how can it show that it's "newly been added" when it's already on my credit report?
@takeshi74 wrote:That's a potential pitfall with disputes. In some cases the item will update and have a negative scoring impact. Not unique to EX. Carefully research in Rebuilding before taking action on derogs.
Because it's catching the tradeline status and for some reason interpreting it as a new collection; or it's triggering off the DOLA (which would be wierd for a monitoring solution) but either way the tradeline updated enough compared to the old one that it looks "new" in the interface.
That said Take is correct, collections being updated either via paying them or via dispute can do unfortunate things under the FICO algorithm, and damned if I know why and why that wasn't fixed a long time ago as it should simply be calculating off the reported DOFD (which will be the collection file date if one wasn't furnished by the CA).
Yes, I had some positve tradelines update. Just weird since they're not new at all. Just a slight change and they remove and update them and add as a new account.