I am going to try and keep this short but it may not happen!
5/9/09-2 accounts with Capital One update to show $0 balance. Pulled score on Myfico and it is 628.
5/15/09 Pull new score on myfico to see if it had increased due to utilization going down. New score 577!!
Myfico report is showing the Cap1 accounts as "repo/foreclosure" I called myfico and they state this is why the drop in score. Score analysis now says most recent late is one month ago.
Call Cap1 they say they have not done any updates since 5/5 when they updated balance to $0. Myfico says I need to dispute with Cap1 or EQ. EQ report on EQ website shows as CO (same as it has been for 5 years)
Myfico says the new update says that it is now 90+ days late. I went back and looked at report on EQ from 5/9 (day I pulled score and was 628) It shows as CO for month of April...still not making sense since nothing on account has changed. I have looked at my EQ report for every day from 5/9 until today...no changes!
EQ says it is an issue with FICO and that they don't make the scores. FICO says dispute with Cap1 or EQ as they only write the formula and don't make the scores either. Cap1 says not their fault.
HELP!!!! How can myfico report show repo/foreclosure when EQ isn't showing that???
This is from EQ on 5/15/09
5/15/09
CAPITAL ONE
PO Box 30281
Salt Lake City, UT-841300281
Account Number:
XXXX
Current Status:
CHARGE-OFF
Account Owner:
Individual Account.
High Credit:
$0
Type of Account 
:
Revolving
Credit Limit:
$1,000
Term Duration:
Terms Frequency:
Monthly (due every month)
Date Opened:
2003/10
Balance:
$0
Date Reported:
05/2009
Amount Past Due:
$0
Date of Last Payment:
06/2004
Actual Payment Amount:
$0
Scheduled Payment Amount:
$0
Date of Last Activity:
N/A
Date Major Delinquency First Reported:
05/2005
Months Reviewed:
43
Creditor Classification:
Activity Description:
Transfer/Sold
Charge Off Amount:
$0
Deferred Payment Start Date:
Balloon Payment Amount:
$0
Balloon Payment Date:
Date Closed:
Type of Loan:
Credit Card
Date of First Delinquency:
07/2004
Comments:
Charged off account
81-Month Payment HistoryYear
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2009
*
*
*
CO
This is from 5/09/09
Account Number:
XXXX
Current Status:
CHARGE-OFF
Account Owner:
Individual Account.
High Credit:
$0
Type of Account :
Revolving
Credit Limit:
$1,000
Term Duration:
Terms Frequency:
Monthly (due every month)
Date Opened:
2003/10
Balance:
$0
Date Reported:
05/2009
Amount Past Due:
$0
Date of Last Payment:
06/2004
Actual Payment Amount:
$0
Scheduled Payment Amount:
$0
Date of Last Activity:
N/A
Date Major Delinquency First Reported:
05/2005
Months Reviewed:
43
Creditor Classification:
Activity Description:
Transfer/Sold
Charge Off Amount:
$1,451
Deferred Payment Start Date:
Balloon Payment Amount:
$0
Balloon Payment Date:
Date Closed:
Type of Loan:
Credit Card
Date of First Delinquency:
07/2004
Comments:
Charged off account
The only difference I see is that charge off amount changed from $1400 to $0. I don't understand what has triggered the "repo/foreclosure" rating or the drop in points. They both showed CO in April 2009 on payment history. I just didn't copy it on this one
And to complicate things even more, I just got this alert from TrueCredit:
A new account has appeared on your credit report.
Here are the details of this new account: Reported By: Equifax Reported On: 05/16/2009 Date Opened: 10/01/2003 Account Number: **** Creditor's Name: CAPITAL ONE Address: PO Box 30281 Salt Lake City, UT 84130-0281
@nathan wrote:It looks like eq is delibrately distorting information on ca when they are paid. i had the same problem about two weeks ago. I paid a ca and eq updated the account and added 120 days late. I also received an alert from true credit saying I have a new account in my eq report and when i bought a new fico, my score dropped by almost 40 points because eq srewed up. Luckily for me,, i sent good will and the account vanished within two days. i truely believe eq is delibrately doing this. I hate those bastards. Fight it medicgrrl, 50 points is a killer.
I sent a GW email last night. I am praying they help me out. The accounts will drop off in 2 years according to my reports. When they did this to you did it only affect your EQ score? I am hoping that EX and TU are still ok. I haven't seen any changes on those reports. I am waiting to hear back from the LO on Monday to let me know if my other scores have dropped also.
Yes it affected only my eq score because it was being reported on tu and exp as ca. Eq called it ca, but it is listed under negative accounts,whatever that means. I am pretty sure it is reported the same way on your eq. It was also being reported as open account after i paid it. i got my points back to 661 after the deletion. my eq was 661 when the account was unpaid; after payment, it droped to 636 when the 120 lates were added and then went back up to 661 after it got deleted. Eq is weird on how they report collections. If your gw doesn't work, dispute it. I was prepared to send them two reports showing th account with/without lates and challenge them on their erroneous reporting, but luckily for me my gw worked. Btw, exp fako jumped up 72 points after the deletion.
