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!
@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.
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.
@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.
@SouthJamaica very well noted! thank you for the explanation
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.
@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 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.
@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...