@Anonymous wrote:
+1 to what @AllZero asked. Was this a Vantage score (like from Credit Karma or other "free" sites) or FICO score?
SO had his repo/CO go from having a balance that updated monthly to $0 in July and has not updated since, but it dropped his FICO scores. It is still reporting, but very disappointing that going from $1500 to $0 cost him points.
We are just hanging in there until it ages off in the next 6 months.
SO also had 8 accounts removed (exactly half of his derog TLs) worth about $40k+ (about 75% of his total debt) and he barely got +0pts to +9 pts from it while I had 2 accounts removed (less than 10% of my derog TLs) worth about $25k (about 15% of my total debt) and saw +31 pts from it, so who know entirely how these things are determined!
Also, if this was your only derogatory on your CR, it likely made you switch scorecards and that can in fact lower your FICO score, too.
Good luck!
@Anonymous i'd like to know more about that repo that was updating monthly and then paid to zero and lost points. I think we already discussed and theorized the reasons for the other changes, correct? Did you create a thread for that? If so, I think I missed it.
