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Equifax incorrectly reported 0% utilization on CR, no installment loans, dropped my score 31 pts

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Valued Member

Re: Equifax incorrectly reported 0% utilization on CR, no installment loans, dropped my score 31 pts

So, my student loans were placed back on my EQ report last week and my score went back to normal. Then today two of my remaining installment loans were also added (one of which I just paid off) and my score went down 26 points. EQ is still also reporting I have no non-mortgage installment loans. I am hoping when I get my next report on 10/2 through myFico that this will go back to normal. I don't see how I could lose 26 points by paying off an installment loan when I still have 11 other installment loans.

Fico 8
Starting Score (6/2020):
Current Score (10/2020):
Auto Score (10/2020):

Fico 9
Starting (10/2019):
Current (10/2020):

Auto Score (10/2020):


Wells Fargo Visa Signture Card: $10,000 - CapitalOne SavorOne: $11,000 - Care Credit: $15,000 - Target RedCard: $3000
Message 21 of 23
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Valued Contributor

Re: Equifax incorrectly reported 0% utilization on CR, no installment loans, dropped my score 31 pts

Good Luck @TaylorTaylor 

My report got corrected and the dispute that I started to correct my mortgage loan is still open, however it began reporting correctly about 2 weeks ago.

 

One of the odd things was, I had received a notification that my dispute was resolved via email, however it still shows outstanding on their website. So I called and inquired and the representative told me that they have never stopped reporting or reported my accounts as being closed. I said "whatever you're seeing is not what the public is seeing" 🤷🏻‍♂️

Message 22 of 23
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Valued Member

Re: Equifax incorrectly reported 0% utilization on CR, no installment loans, dropped my score 31 pts

The closed account was reported to TU and no score change. Why does EQ have to be so frustrating?

Fico 8
Starting Score (6/2020):
Current Score (10/2020):
Auto Score (10/2020):

Fico 9
Starting (10/2019):
Current (10/2020):

Auto Score (10/2020):


Wells Fargo Visa Signture Card: $10,000 - CapitalOne SavorOne: $11,000 - Care Credit: $15,000 - Target RedCard: $3000
Message 23 of 23
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