Okay; Now, I’m Angry! 😠 🔥

[jazzyvar84]

So, I’ve had one collections account looming over my Equifax account for I’ve the past year. I finally had it removed yesterday, and my score has not changed at all! (668). I am so confused. My utilization across the board is 17% and I have ZERO late payments. Someone please explain this to me. Also, I have a product through Equifax that is not a fico score, but their own, but it dropped after the baddie was removed!

[Revelate]

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@jazzyvar84 wrote:
So, I’ve had one collections account looming over my Equifax account for I’ve the past year. I finally had it removed yesterday, and my score has not changed at all! (668). I am so confused. My utilization across the board is 17% and I have ZERO late payments. Someone please explain this to me. Also, I have a product through Equifax that is not a fico score, but their own, but it dropped after the baddie was removed!

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What score are you talking about that didn't move and are you sure it's off the report at this point?  CMS's don't always get the most updated bureau info in my experience, the bureaus have multiple databases and we pull off a secondary one.

The FAKO score that Equifax peddles isn't even relevant, it's an educational score which should be ignored.

[jazzyvar84]

Hello. I spoke directly to Equifax and it has been removed. I have a product through Equifax and the baddie is not showing there either, and lastly Credit Karma has removed it as well.

[Anonymous]

FICO has a memory for things that are "removed". As baddies are removed, they may be gone but not forgotten.

Way back - about 20 years ago, a retailer put a derogatory TL on my CRA's and my scores tanked by 100 points. The only problem was, the account was not mine. I sued the CRA and the retailer under FCRA and won. They removed the TL. FICO gave me back 40 of the 100 points.

Current - look for my thread "FICO scoring is Psychotic". It details how even small items can have an outsized effect on scores, and how the same action can have opposite effects on different CRA's and their scoring.

Fact: Once your score hits 800, FICO may have awarded you the points to get there, but you will not stay there. What FICO giveth grudgingly, FICO taketh quickly, and for no apparent reason. My TU has now been in and out of the 800 club six times in the past 2 months.

[Remedios]

If you have other COs or serious negatives, removing one CO may not result in any gains.

[Anonymous]

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@Anonymous wrote:

FICO has a memory for things that are "removed". As baddies are removed, they may be gone but not forgotten.

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I'm not sure I've ever seen any evidence that FICO (current flavors, especially 8) has any memory.

Just because you lose 100 points, two years ago for example, from a derogatory mark, doesn't mean that you'll gain them all back now that it's been removed. A lot of other factors have changed in those two years. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

FICO has a memory for things that are "removed". As baddies are removed, they may be gone but not forgotten.

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I'm not sure I've ever seen any evidence that FICO (current flavors, especially 8) has any memory.

Just because you lose 100 points, two years ago for example, from a derogatory mark, doesn't mean that you'll gain them all back now that it's been removed. A lot of other factors have changed in those two years. 

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In the 20 years ago case, the whole thing happened within 30 days, nd there were no other intervening events.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

FICO has a memory for things that are "removed". As baddies are removed, they may be gone but not forgotten.

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I'm not sure I've ever seen any evidence that FICO (current flavors, especially 8) has any memory.

Just because you lose 100 points, two years ago for example, from a derogatory mark, doesn't mean that you'll gain them all back now that it's been removed. A lot of other factors have changed in those two years. 

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In the 20 years ago case, the whole thing happened within 30 days, nd there were no other intervening events.

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Well, since FICO 8 was not released until 2009, if memory serves me right, my statement still seems accurate. I'm not aware of current versions, in release as of today's date, have a memory as you've described. 

[jazzyvar84]

That one misreporting was the only negative item on my report. 

[Anonymous]

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@jazzyvar84 wrote:

That one misreporting was the only negative item on my report. 

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Same thing as my 20 years ago comment. That's why I firmly believe that FICO has a memory, and what is gone may be gone but not forgotten.