cancel
Showing results for 
Search instead for 
Did you mean: 

Overstock Closed - Score Plumits

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Super Contributor

Re: Overstock Closed - Score Plumits

I agree with everyone else here. Something isn't adding up and you gotta check your EX report ASAP to see what's going on. I've closed several accounts in the past and have never experienced a score drop like that.

Total CL: Around $168,750 not counting hidden TLs. FICOs in the 700-730 range.

Main cards: Macy's Amex: $24k, Lowe's, $17k, Chase Sapphire Preferred: $7k, Chase AARP: $5.2k, Chase Freedom: $5k, Chase British Airways: $5k, Discover It: $1.5k, Barclays Arrival: $2.5k, Sam's Club MC: $8.5k, Stash: $8k, Sam's Club: $10k, Wells Fargo Propel: $8k, Paypal Smart Connect: $4.9k, Amazon Store Card: $6k, Cabelas Club Visa: $5k, Nordstrom: $5k, CapOne Quicksilver: $2k
Message 21 of 36
Senior Contributor

Re: Overstock Closed - Score Plumits

I just checked my report. I had put a 60 day late dispute on a student loan I had. This is over a year ago. My scores shouldn't be dropping. Only Thing i notice is that the message in dispute is gone. Does being in dispute not count toward fico scoring?
Message 22 of 36
Super Contributor

Re: Overstock Closed - Score Plumits

BINGO!!! There's the culprit.
Message 23 of 36
Senior Contributor

Re: Overstock Closed - Score Plumits


@MstrPTato wrote:
I just checked my report. I had put a 60 day late dispute on a student loan I had. This is over a year ago. My scores shouldn't be dropping. Only Thing i notice is that the message in dispute is gone. Does being in dispute not count toward fico scoring?

Yep, while an item is in dispute it is not factored in.

Message 24 of 36
Senior Contributor

Re: Overstock Closed - Score Plumits

Dang!!
Message 25 of 36
Super Contributor

Re: Overstock Closed - Score Plumits

The 60 day and 30 day lates can kill a score. I had my friend sign up for scorewatch last year and her credit is in amazing shape with a 800 fico from her credit union statement. When she pulled the EQ scorewatch it was 666. There was a 30 day late reporting that was an error on her banks end. The fixed it up and boom 770 EQ fico. 

Message 26 of 36
Senior Contributor

Re: Overstock Closed - Score Plumits

My fault for not paying attention when that loan came out of 6m deferment after graduating. Had wrong email and home address when we moved and never updated it. They won't take it off. The dispute must have aged off. Thanks for the feedback!

Message 27 of 36
New Contributor

Re: Overstock Closed - Score Plumits

I was gonna say, not closing any cards ever if it causes a 60 point drop.
Message 28 of 36
Moderator

Re: Overstock Closed - Score Plumits

How old is that 60 day late?

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 29 of 36
Senior Contributor

Re: Overstock Closed - Score Plumits

1 year old

Message 30 of 36
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.