I have the dreaded Consumer Finance reason code...

[Anonymous]

Slight tangent here, but in regards to this statement above from Revelate:

“ I may see if I can get things like EE but not sure that works on "positive" tradelines.”

I was able to EE a credit card tradeline last month off of TU that had lates and a chargeoff, but had been paid back in full and was considered positive by the CRA. I had asked for the lates to be deleted but they said that since it was PIF and satisfied, I could only delete the whole TL if I so chose, which I did. You should also be able to EE your CFA tradeline.

[Revelate]

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@Anonymous wrote:
Slight tangent here, but in regards to this statement above from Revelate:

“ I may see if I can get things like EE but not sure that works on "positive" tradelines.”

I was able to EE a credit card tradeline last month off of TU that had lates and a chargeoff, but had been paid back in full and was considered positive by the CRA. I had asked for the lates to be deleted but they said that since it was PIF and satisfied, I could only delete the whole TL if I so chose, which I did. You should also be able to EE your CFA tradeline.

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Good to know, thanks!

[Anonymous]

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@Anonymous wrote:

OM, how does your bureau data compare across all 3?  Is it very similar?  How about your age of accounts factors for each one?  I do find it interesting that your EX scores are highest with that bureau being the only one that seems to recognize the CFA, but outside of that it is important to know if there are any other variances across your bureau data that may be impacting scores relative to one another.

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Everything is the same.  AAoA, AoYA, AoOA, UTI, # of accounts.  I've pulled my reports rather frequently over the last year.  I double checked before answering your question.  The only scorable inquiries on my file are on TU.

Since the CFA is a negative reason code, I believe we can all agree that it can't help your score.  I'm actually willing to say that I feel I am losing 0 points on any model.  I'm not sure how to really analyze it any further since the information is the same but you're seeing what I'm seeing and it really doesn't make a whole lot of sense.

I have pulled TU and EQ @ annual credit report recently like I do every year.  Once I get EX, I'll put the three reports side by side and look through it.  I wouldn't expect to find a single thing though.  If you have any other suggestions or theories then please let's hear them.

[Anonymous]

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@Anonymous wrote:

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Since the CFA is a negative reason code, I believe we can all agree that it can't help your score.  I'm actually willing to say that I feel I am losing 0 points on any model. 

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I'm pretty sure that the presence of a negative reason code means that it is adversely impacting your score at least 1 FICO point on that scoring model.  0 or 1 though (or any other minor number) is quite different than the 30-40 points that some people reference for a CFA on their CR.  I wonder why they seem to impact some less more than others.  They are a head-scratcher for sure.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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Since the CFA is a negative reason code, I believe we can all agree that it can't help your score.  I'm actually willing to say that I feel I am losing 0 points on any model. 

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I'm pretty sure that the presence of a negative reason code means that it is adversely impacting your score at least 1 FICO point on that scoring model.  0 or 1 though (or any other minor number) is quite different than the 30-40 points that some people reference for a CFA on their CR.  I wonder why they seem to impact some less more than others.  They are a head-scratcher for sure.

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I'm still paying on the CFA for somewhere around 2 more years so it won't be going away for the near future.  I have the profile to support perfect scores and I won't be applying for any new accounts for at least 2 years.  I just got a new account in February which started reporting around the 5th of this month.

We may have to wait a year minimum for DP but we're going to see how far I can take Experian and on which models.  It would be interesting to see a comparison of what models can be perfect(if any) and what models have fallen short and by how much.