myFico EQ says I have recently missed a payment

[ceejay78]

I received an alert on myFico that my EQ 8 dropped 10pts 693 - 683 and when I checked why, a remark mentioned I have recently missed a payment, which I have not. I have 2 paid CO that are scheduled to fall in 6 and 12 months, and a BK 7 DC in April 2014. I even got a report from annualcreditreport.com and checked my Equifax without the recently missed payments. I am wondering where myFico is getting this info... No rhyme or reason. My paid reports from Experian do not have this negative remark. TIA!

[SouthJamaica]

---

@ceejay78 wrote:

I received an alert on myFico that my EQ 8 dropped 10pts 693 - 683 and when I checked why, a remark mentioned I have recently missed a payment, which I have not. I have 2 paid CO that are scheduled to fall in 6 and 12 months, and a BK 7 DC in April 2014. I even got a report from annualcreditreport.com and checked my Equifax without the recently missed payments. I am wondering where myFico is getting this info... No rhyme or reason. My paid reports from Experian do not have this negative remark. TIA!

---

You're looking at the negative reason codes, not an "alert". I'm guessing it's just a reference to the chargeoffs, rather than some new information.

[ceejay78]

hello @SouthJamaica thanks for the response and for the clarification, but the recent missed payment which is new to me and is incorrect. I am well aware of my negatives, but a recent missed payment is incorrect and caused my score to drop down 10 pts. my 2 COs are 7 and 6 years old and one is about to be removed in October per Equifax.

[SouthJamaica]

---

@ceejay78 wrote:

hello @SouthJamaica thanks for the response and for the clarification, but the recent missed payment which is new to me and is incorrect. I am well aware of my negatives, but a recent missed payment is incorrect and caused my score to drop down 10 pts. my 2 COs are 7 and 6 years old and one is about to be removed in October per Equifax.

---

1. It's probably not a reference to any recent event, but just a negative reason code which has been suppressed but popped up now due to the removal of a higher negative reason code.

2. There is no reason to think that the emergence of a negative reason code caused a score change. It wouldn't and it didn't.

3.  This was not an alert.

[ceejay78]

@SouthJamaica very well noted! thank you for the explanation

[donkort]

You would probably lose much more than 10 points for an actual missed payment.

I lost 89 points (since reversed) when I missed a payment because my automatic payment didn't go through.

[ceejay78]

@donkort thanks for clarifying. From history of missing payments, you are correct that a score will drop down 60+ pts for it. Now, I am guessing it may be because i tried disputing for an EE of a paid CO that EX and TU did, but of course EQ would not budge.

[Iusedtolurk]

---

@ceejay78 wrote:

@donkort thanks for clarifying. From history of missing payments, you are correct that a score will drop down 60+ pts for it. Now, I am guessing it may be because i tried disputing for an EE of a paid CO that EX and TU did, but of course EQ would not budge.

---

@ceejay78  Not sure when you requested an EE from Equifax but they generally don't do them until 30 days out. Trans generally does them 6 months out and Experian 3 months out.

[ceejay78]

@Iusedtolurk Experian was reporting it to be removed in July 2022. I requested all 3 in May. EX and TU removed them right away. I called EQ and was told that it is scheduled to drop off my report in Oct 2022. -- (weird that they have a different date) I also learned from EQ when I called that Cap1 reported a 2016 missed payment  - disputed this one as acct paid and closed and should not be reporting a missed payment again that happened in 2016 - this caused the 10 pts to drop. I called Cap1 and said they have not reported any old missed payments - EQ is such a mess sometimes...