MyFICO 3B lists EQ Closed TL as Negative

[dryanaz80]

Hi there,

Try to keep it short and sweet. December 24 MyFICO 3B EQ report shows a closed BofA TL as a negative account. Pulled CR from EQ directly 12/29, BofA TL I'd listed as closed, but not negative. 

Does MyFICO simply take info passed from CRA and classify it as negative on its own even if EQ itself is not saying it's negative? 

Account was closed by me 4/2010. Last payment was 6/2010. FDOD not listed on EQ report but would have been 1/2010 approximately.  I suspect it centers on the following: I paid/settled the account, 2 months after I closed the account. Both reports indicate this closure comment.  

Neither EX or TU list account, so am curious how much weight this "negative" account has on my FICO score? We are well beyond 7 years of FDOD, but I know closed TL can remain for 10 years on report.  Can NEGATIVE information, such as the "account settled" be reported for the full time the TL remains listed, or is ANY/ALL negative information to no longer be "reported/hurt score" beyond the 7 year time frame?

TL would hopefully fall off in a few months as it's been closed since 4/2010.  Other curve ball is a strange date where it says last reported 3/2016. DOLA same as final payment date 6/2010. 

Appreciate any guidance/insight. 

Thanks!

[Revelate]

Some negative things that are on otherwise positive tradelines can impact longer than the 7 years associated with most issues.

OC tradeline that was never late but settled for less than full amount is one such presumably.

A CFA (my own darned similar issue) is another: I paid that loan successfully off in 6 months but because it is flagged as a CFA it’s still an issue over 7 years later. 2022 it comes off and I can’t even EE it as it technically is a positive tradeline.

Annoying but it is what it is, fortunately in my case and I think yours too it isn’t a major penalty.

Out of curiosity what are your scores, would be interested to know for all three bureaus both for FICO 8 and also the mortgage scores if you are willing to share. I assume this is the only issue and discrepancy on your file other than likely inquiry differences and some minor age variation?