Experian Mortgage Score DROPPED for now reason

[AndySoCal]

@Anonymous 

When did I say that it was due to consumer finance accounts? My memory may be faulty. That would be a minor ding in my opinion well less than 10.

@tooleman694 

Can you provide the same screen shot of 15th when the score was at 701?

[Anonymous]

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@Anonymous wrote:

@Anonymous 

Hey, please see the attached changes (nothing) but it mentions CFA.  I don't have any CFA Accounts.  

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@Anonymous that's pretty wild, are you sure you don't have a CFA? Can you list the loans on your record, open and closed?

But, just may be a glitch it wouldn't be the first time

[Anonymous]

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@Iusedtolurk wrote:

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@Anonymous wrote:

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@Iusedtolurk wrote:

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@Anonymous wrote:

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@Iusedtolurk wrote:

@Anonymous  I have 3 closed accounts

CFA

opened 12-18        closed 2-19

               3-19                      9-19

              10-19                     7-20

Nothing after 7-2020

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@Iusedtolurk so you have CFA s, but why wasn't the negative Reason code for it showing on the 15th? that's what bothers me.

Did you previously have the code? I could see if you had 4 codes but when you only had 3 codes, that should've shown up as the 4th, I would think. 

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@AnonymousUpon closer scrutiny I had collection reason codes on the 17th of nov and when they dropped on the 18th of nov (+44 points) I had 3 reason codes all the way up to when Ex included CFA as a 4th reason code.  (-11 points)

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@Iusedtolurk that is some real crazy stuff. Can you tell me did anything else happen on that date when the code dropped? Did any account age off? Anything? 🤔

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Nothing else happened on that date but the thing about that particular collection is it was shown in EX  "Other Accounts" as "Closed" but it also updated each month when a payment was made (as LATE) because it was not actually "Closed" and probably should have been listed under "Collections".  I just never fooled with it didn't want to make a bigger mess or something with it by disputing it.

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@Iusedtolurk pretty wild, that may or may not have something to do with it

[Anonymous]

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@AndySoCal wrote:

@Anonymous 

Where did I say it was because of consumer finance accounts? Consumer finance accounts may cost a point or two not sure but not

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CFAs are worth a lot more than 1 or 2 pts, atleast IMO/IME. I had mine age off (10 years post close) a month or so ago and saw around +20 pts give or take on EQ5s depending on scorecard and my SO had his age off (10 years post close) around the same time as mine and saw upwards of +39 pts on EQ5s, depending on which.

Took way over a decade to find out who the culprit was!

[Anonymous]

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@Anonymous wrote:

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@Iusedtolurk wrote:

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@Anonymous wrote:

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@Iusedtolurk wrote:

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@Anonymous wrote:

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@Iusedtolurk wrote:

@Anonymous  I have 3 closed accounts

CFA

opened 12-18        closed 2-19

               3-19                      9-19

              10-19                     7-20

Nothing after 7-2020

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@Iusedtolurk so you have CFA s, but why wasn't the negative Reason code for it showing on the 15th? that's what bothers me.

Did you previously have the code? I could see if you had 4 codes but when you only had 3 codes, that should've shown up as the 4th, I would think. 

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@AnonymousUpon closer scrutiny I had collection reason codes on the 17th of nov and when they dropped on the 18th of nov (+44 points) I had 3 reason codes all the way up to when Ex included CFA as a 4th reason code.  (-11 points)

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@Iusedtolurk that is some real crazy stuff. Can you tell me did anything else happen on that date when the code dropped? Did any account age off? Anything? 🤔

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Nothing else happened on that date but the thing about that particular collection is it was shown in EX  "Other Accounts" as "Closed" but it also updated each month when a payment was made (as LATE) because it was not actually "Closed" and probably should have been listed under "Collections".  I just never fooled with it didn't want to make a bigger mess or something with it by disputing it.

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@Iusedtolurk pretty wild, that may or may not have something to do with it

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Dont forget student loans may be CFAs. Mine and my SO's CFAs were SLs.

I wonder if a certain lender has re-coded their product(s) as a CFA? It seems like a lot of people all around the same time had score drops? I wonder if several people got this reason code added? Maybe a glitch?

[Anonymous]

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@Iusedtolurk wrote:

@Anonymous  I have 3 closed accounts

CFA

opened 12-18        closed 2-19

               3-19                      9-19

              10-19                     7-20

Nothing after 7-2020

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You are certain these are CFAs? Not to doubt you at all, they can just be tricky little things since it is behind the scenes. Is it Affirm or something?

[Anonymous]

Yeah that’s funny I was just about to mention your recent findings.

[Anonymous]

@Anonymous  I'm positive!! I hope calling them will help. Not sure what to do at this point.

[Anonymous]

@Iusedtolurk Those late payments are from 5 years ago (co-signed on a car). Nothing else happened. Its just weird. How can I fix it

if it is a glitch.

[Anonymous]

@Iusedtolurk @Anonymous  Those student loans havent changed. I'm telling you; both reports are identical other than this score.