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Does this make sense? +26 pts Equifax for remark change?

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Valued Member

Does this make sense? +26 pts Equifax for remark change?

My student loans went from stating: "student loan, paying partial agreement" to just stating "student loan" and Equifax went up 26 points. The only other changes were small balance changes ($11, $26, $42) that didn't drop me into another utilization threshold or anything....

 

Anyway, just curious. 

Message 1 of 12
11 REPLIES 11
Moderator Emeritus

Re: Does this make sense? +26 pts Equifax for remark change?


@CreditJourney007 wrote:

My student loans went from stating: "student loan, paying partial agreement" to just stating "student loan" and Equifax went up 26 points. The only other changes were small balance changes ($11, $26, $42) that didn't drop me into another utilization threshold or anything....

 

Anyway, just curious. 


Possible, some remarks do count it seems... and paying less than agreed or settling is a FICO negative.

 

Interesting find though!




        
Message 2 of 12
Valued Member

Re: Does this make sense? +26 pts Equifax for remark change?

Thank you! I never knew it was a FICO negative! 

Message 3 of 12
Frequent Contributor

Re: Does this make sense? +26 pts Equifax for remark change?

"Paying under partial agreement" when it appears in the comment section of any credit account is considered a serious derogatory.It'simply means you have not paid as agreed.When it was changed to a comment of "student loan" this does not effect your Fico score.

Message 4 of 12
Valued Member

Re: Does this make sense? +26 pts Equifax for remark change?

it stated "paying partial payment agreement", not "paying under partial agreement" and it hasn't reported negatively on my report in the last five years it's been like that, though. 

Message 5 of 12
Frequent Contributor

Re: Does this make sense? +26 pts Equifax for remark change?

It's just my typo its "paying partial payment agreement" yes it just appears to be an account that is not paid as agreed.

Message 6 of 12
Super Contributor

Re: Does this make sense? +26 pts Equifax for remark change?

This is news to me.  I was always under the impression that remarks/comments were not score-impacting ingredients.

Message 7 of 12
Regular Contributor

Re: Does this make sense? +26 pts Equifax for remark change?

Is it possible that you hit some threshhold, like AoYA or AAoA ticked up into a new tier? I would be surprised if comments are scored. Though comments can be held against you by humans looking at your report.


Everything listed is new to my profile since April 2019, except the Exxon card. The AU card hasn't reached TU yet, so no FICO score on TU yet. I have a ton of hard inquiries March-June 2019. No derogs at all.
Keepers:

Will be closed by March 2020:

Authorized user:

Closed but still on reports:

Message 8 of 12
Highlighted
Frequent Contributor

Re: Does this make sense? +26 pts Equifax for remark change?

@CreditJourney007 @BrutalBodyShots,

 

I didn't think comments counted either but oh they indeed do count.

 

Last week on Transunion I had them remove 'Account in Dispute, complies with FCRA' comments in two accounts and my score went down immediately by 62 pts. Evidently the comments there before were still there, ie collections and clearly that is what cause the score decrease. I had them put the comments back and voila, 62 points came back!! SMH

 

#mindbloggling 









Message 9 of 12
Super Contributor

Re: Does this make sense? +26 pts Equifax for remark change?

But are the account comments changing the dispute status of the accounts, or otherwise causing the accounts to be "counted" verses "not counted" by the algorithm?

Message 10 of 12