Reinsertion of Deleted Account= 100+ Drop?

[Anonymous]

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ngerasimatos wrote:

Fair Isaac has continually stated that its impossible for one negative account to cause a serious drop in scoring. This is proof that one negative account CAN and WILL have this effect.

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Where has Fair Isaac stated this?  I've never seen it.

[ngerasimatos]

Do a search for an old post of mine.

There was an interview regarding the new Fico 2008 scoring model and the individual from Fair Isaac they interviewed stated that the scoring model would be severely inept if having one negative items could result in a substantial drop in scoring.

Message Edited by ngerasimatos on 03-29-2008 03:17 PM

[Anonymous]

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ngerasimatos wrote:

Do a search for an old post of mine.

There was an interview regarding the new Fico 2008 scoring model and the individual from Fair Isaac they interviewed stated that the scoring model would be severely inept if having one negative items could result in a substantial drop in scoring.

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OK, but that is the FICO 08 model, which is not in effect yet.

You can't really complain that something Fair Isaac says isn't true when the model they are referring to isn't even being implemented!

[Anonymous]

mymy what is you SOL?  If you are past it...have you disputed the cap1 account?

IF not do so.......if you have disputed with all CRAs reporting and Cap1 comes back verified and the DOFD is not correct   send cap1  the OC letter....they will HAVE to answer   you should get complete account history & can look for yourself & then go from there.

[Alwaysneedhelp]

So if you send oc a letter asking about a account after you dispute with cra they have to answer you thats the law? cause I haven't heard back from one and how do I make them answer?

[Anonymous]

happy, SOL in Texas is 4 years, they cant sue me..last year i offered to settle the account, but they said NO WAY...they rather hit me with a bunch of LATES than settle.. the problem here is that all three CRA show different DOFD and DOLA...I am not sure what is correct... doyou have a copy of an OC letter to use here? i guess i can searchh

[Anonymous]

This is an old thread, but I want to add that I just had a 6-1/2 year Cap One account fall off my reports.  It was a $500 original balance with $2500 past due.  I gained 100 points.  So, yes in fact, one bad Cap One account can hold your points down an entire 100 points.  Unbelievable....

The account was a closed charge off from years ago, but Cap One kept dinging me with a late every single month for the past many years.  This should not be allowed.

Message Edited by mxnuy1 on 12-13-2008 04:26 PM

[llecs]

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mxnuy1 wrote:

This is an old thread, but I want to add that I just had a 6-1/2 year Cap One account fall off my reports.  It was a $500 original balance with $2500 past due.  I gained 100 points.  So, yes in fact, one bad Cap One account can hold your points down an entire 100 points.  Unbelievable....

The account was a closed charge off from years ago, but Cap One kept dinging me with a late every single month for the past many years.  This should not be allowed.

Message Edited by mxnuy1 on 12-13-2008 04:26 PM

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Congrats! CapOne sure does like to add their lates and interest.

[Anonymous]

ahhh, the days of youre....

yup, they def like the late payment thing.....i thought those sticky Cap 1 accounts would be with me forever!

[Anonymous]

Here's my fear..they were deleted off of all of my reports (TU,EX and EQ all deleted the accounts) at the end of my 30-day dispute. I haven't yet received the written confirmation or new report.  One was scheduled to fall of in April, the other later next year.  However, I'm not really sure what the exact dola was - I'm thinking they both may be in April.

Can Cap One go in and reinsert these accounts after the 30-day verification process was completed and the accounts were deleted?  I'm worried.. because Cap One was reporting the 30-day lates as recent as last month.

Message Edited by mxnuy1 on 12-14-2008 08:58 PM