Question on my new Power Score Report

[Anonymous]

Ok, I just got two score alerts- one today and one yesterday. Yesterday it went up 8 points, today 3 points.I couldn't resist and used my last power score report to see if I should continue sending GW letters to LVNV (just figured out also known as Resurgent), or if it had actually worked. When I pulled my report last month, I had:

Cap One, multiple lates, charged off, sent to LVNV funding considered two accounts---OC and CA

HSBC Nautilus, multiple lates, closed, sent to collection agency LVNV Funding, settled. Considered two account----OC and CA

On my report now, Capital One is gone, HSBC Nautilus is gone. Both are GONE! I did not dispute them at all...in fact, I was getting ready, if the GW worked with LVNV for the Nautilus, to then send the letter to LVNV regarding the fact they never sent me anything concerning the Cap One issue. Why are the two OC gone? I looked over my report over and over again. I compared all the Summaries, Overall Statuses, Accounts, Accounts in detail, Collections, Public Records, etc. from page one to the end. Am I missing something? I know there is one collection account totally unrelated that is off my report because it is in dispute, but nothing else is. All is reporting fine, and my collection numbers are down. If they stay off, I can totally live with that. They were bad accounts from the beginning, but isn't that wrong to have the tradeline gone but the CA reporting? 

In the meantime, LVNV is still reporting the CA accounts for Cap One and for Nautilus, with the appropriate marks, notes, etc. 

Is this going to change and my score will plummet again?  11 points increase for decreasing my credit utilization and somehow the two bad OC disappearing...I feel something is wrong. Any advice? Just sit it out and wait for them to come back? lol Please advise me!

[Anonymous]

Oh forgot to add:

Cap One DOLA was July 2007. I did a thirty day late Feb. 07, May 07 and from August 07 till the charge off date of 12/07 I believe, last time reported late, were deliq.

HSBC Nautilus DOLA Oct. 2006. I did a thirty day late November 2006 and it stayed deliq. till April of 2007, before they marked OK and it was sent to collections, with whom I settled and am working on the GW. 

So I am still within 7- 7 1/2 years....

[Anonymous]

Does anyone know what's happening with the MyFico score report where it's not showing two OC with bad tradelines when it did show both of them on my Feb. 10th report?

[llecs]

Assuming you didn't call them, send any GWs, PFDs, or communicate with them in any way, it's very possible they fell off on their own early. EQ is notorious for that. You also have to ignore DOLA. They'd fall off based on DOFD which would preceed DOLA.

Score impact? Varies. You could have lost points for the missing length of history or dropped AAoA if an issue. However you gained and that's because the history could have been younger than your AAoA and/or the negative aspects of those TLs hurt more than the history helped....with all else being equal of course.

[Anonymous]

I didn't call them at all, and I was sending GW letters to the collection agency regarding the paid/settled Nautilus account, and the CA is still on my report. Just the OC is gone. It didn't hurt my AAofA, I'm not clear on figuring the DOFD, but still, they are only a few years old. Very weird. I was just afraid with trying to clean up my report, I will be looking at a judgement or something. Cap One is $738 per the CA, and Nautilus was paid/settled with the letter to say it's done. Just scared it will come back and hit my report harder. Thank you for your take on it!

[llecs]

It's possible that the CA forwarded the info to HSBC. It's not uncommon to have collection agreements between the OC and CA requiring that they share correspondence with each other from you. I'm a biz owner and hired a CA once to collect on a commercial account. Part of our agreement was that I would provide them anything I receive and vice-versa.

You wouldn't see a judgment with HSBC because it was paid. If CapOne was reporting $0 and the CA was reporting a balance, then the CA owns the debt. They can sue at any time. I wouldn't do anything to that until you had the $$$ to PIF if you had to or SOL expired.

[Anonymous]

For once I'm not worried about HSBC, because they were a high balance but now taken care of. To have the original creditor disappear is real weird. Good, even though the Paid CA is on there still, but I don't know.

Cap One is who I am scared of. I have not sent anything to either Cap One or to the CA, who is LVNV. I was sending letters to LVNV regarding the GW letter for HSBC, but so far they haven't deleted anyways. Never mentioned anything about Cap One to them, and I've never received a letter from them regarding them holding the account. I don't have the money to PIF Cap One. I'm so scared they will appear again, both the old OC's, and mess everything up.

So far in comparing the two power score reports, one from last month and one from last night, my AAofA has grown by one month, and the recency(sp) of my last collections was older by a month as well. Just worriesome. Weird how I've known they've been on their since 2006, and now that I am starting to monitor through MyFico, the two bad ones disappear.