Settled Charge Off

[Anonymous]

I also want to point out that apparently the creditor did not goodwill the prior CO statuses after all. It seemed as though they did when my EX report updated and was only reflecting a CO for this month, and removed the priors. But the day after I checked my report, the prior CO statuses were added back on there. Not a big deal though as you stated. The damage was done and this will soon fall off. 

That 50+ increase on my 8 score was definitely from the utilization and paying the delinquent amount. I was at 113% utilization for this CO, and aggregate was about 87%. 

[Anonymous]

Update regarding this CO finally being reported to EQ as of last night..

Quick Recap....

CO with a local credit union back in 2015. Recently settled it. 

Back in 2018 I disputed the charge off with TU, and to my luck, the credit union was in the middle of switching CC merchants and apparently either couldn’t respond to my dispute in time or they couldn’t verify because of them switching merchants. Idk. I never got clarification. So they updated the CO for TU to “paid as agreed” and closed it out with all on time payments. 

The weird thing is that now that I have my updated reports for the other 2 CRA's, my EX and EQ 8 scores are significantly higher than my TU score even though there is no CO on TU. 

Anyone maybe have any explanations or idea as to why that is the case?

@Anonymous 

@RobertEG 

[Anonymous]

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@Anonymous wrote:

Update regarding this CO finally being reported to EQ as of last night..

Quick Recap....

CO with a local credit union back in 2015. Recently settled it. 

Back in 2018 I disputed the charge off with TU, and to my luck, the credit union was in the middle of switching CC merchants and apparently either couldn’t respond to my dispute in time or they couldn’t verify because of them switching merchants. Idk. I never got clarification. So they updated the CO for TU to “paid as agreed” and closed it out with all on time payments. 

The weird thing is that now that I have my updated reports for the other 2 CRA's, my EX and EQ 8 scores are significantly higher than my TU score even though there is no CO on TU. 

Anyone maybe have any explanations or idea as to why that is the case?

@Anonymous 

@RobertEG 

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@Anonymous You would have to give us more info, all the differences among the bureaus, all your metrics, etc..

ccquest's workbook is linked at the top of my siggy, it will calculate everything for you and then you can screenshot it. You may have to do it more than once if data varies among bureaus. Also, you'll have to also give any info on baddies. 

[AndySoCal]

The credit union  reported the account as paid which occured this month if I read the post correctly. In order to update the account to paid the account must be reported again. So the trade line is reported correctly there is nothing to dispute.

[Anonymous]

@AndySoCal 

The account has been being reported as paid as agreed with TU because for 2 years because I disputed in 2018 years ago and they didn't respond with verification in time or something along those lines and TU marked it as paid as agreed and close. 

EQ and EX are CO and reporting as settled which is correct and they are reporting correctly.

Not interested in disputing them. Just curious about why my EQ and EX 8 scores would be higher than my TU if the CO is paid as agreed and I have it settled on EX and EQ

[Anonymous]

@Anonymous 

gotcha. I'll work on the workbook afrer my workday today. Thank you for the advice on that. 

for now, I can tell you the only difference in reporting for my bureaus is that I have a paid as agreed tradeline for the CU on TU and it's settled on EQ and EX.  Everything else is the same. I've looked at my reports up and down to find any other differences but nothing. 

Only other baddies besides the CO for all 3B are a 30 day late from my auto installment about 8 months ago. 

but I'll definitely input all the date from my reports on the workbook to see if I can give more details on my reports. 
 

[Anonymous]

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@Anonymous wrote:

@Anonymous 

gotcha. I'll work on the workbook afrer my workday today. Thank you for the advice on that. 

for now, I can tell you the only difference in reporting for my bureaus is that I have a paid as agreed tradeline for the CU on TU and it's settled on EQ and EX.  Everything else is the same. I've looked at my reports up and down to find any other differences but nothing. 

Only other baddies besides the CO for all 3B are a 30 day late from my auto installment about 8 months ago. 

but I'll definitely input all the date from my reports on the workbook to see if I can give more details on my reports. 
 

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@Anonymous well if you're 100% sure that that's the only difference between the bureaus, then that has to be it. But at TU you're gonna be in a clean scorecard because you only have one 30 day late there correct?

At the other two bureaus you're gonna be in the dirty card because you have a paid chargeoff there. So you are in a different scorecard there. So, a different score would be expected, but we would expect the bureaus with the CO to be lower. Strange.

[Anonymous]

I'm 99.99 sure that the only difference in my bureaus is the CO for EQ and EX, and not TU. 

I still plan on doing the workbook because I'd like to be more specific about my reports. 

As far as the scorecard difference between TU and the other 2, that makes sense. 

And I yes I agree it's strange that my EQ and EX is higher than my TU after they updated the settled CO. I was expecting the opposite since they're all reporting the same except for the CO not being reported for TU. 

I'll dig deeper. 

edit: also yes I just have that one late for my TU, which is also reflecting on the other 2.  

[Anonymous]

I’ll look forward to your update.

[Anonymous]

Congrats! As mentionned above. I would still dispute it.