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Overstock Closed - Score Plumits

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Re: Overstock Closed - Score Plumits


@MstrPTato wrote:

1 year old


Ahh, ok, ya the biggest bite of 30-60 day lates is 2 years and some even report score point gains after a 60 has aged the full 7 year period. While in dispute certain aspects of the TL are removed from Fico scoring, when the dispute comments are removed then the whole TL is included once again in the score calculations.

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Message 31 of 36
Senior Contributor

Re: Overstock Closed - Score Plumits


@gdale6 wrote:

@MstrPTato wrote:

1 year old


Ahh, ok, ya the biggest bite of 30-60 day lates is 2 years and some even report score point gains after a 60 has aged the full 7 year period. While in dispute certain aspects of the TL are removed from Fico scoring, when the dispute comments are removed then the whole TL is included once again in the score calculations.


Makes sense...I assume the same is true for when going for a mortgage. I disputed a charge on my credit card and had to have it cleared before closing on my house 2 years ago.

Message 32 of 36
Super Contributor

Re: Overstock Closed - Score Plumits


@MstrPTato wrote:

@gdale6 wrote:

@MstrPTato wrote:

1 year old


Ahh, ok, ya the biggest bite of 30-60 day lates is 2 years and some even report score point gains after a 60 has aged the full 7 year period. While in dispute certain aspects of the TL are removed from Fico scoring, when the dispute comments are removed then the whole TL is included once again in the score calculations.


Makes sense...I assume the same is true for when going for a mortgage. I disputed a charge on my credit card and had to have it cleared before closing on my house 2 years ago.


Sorry to hear about the score drop OP.

 

Yet again, a trigger / calculation event ("What happened?") is not the score change source. There needs to be a sticky on this forum

"Your alert is NOT your score change trigger"

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 33 of 36
Senior Contributor

Update: Re: Overstock Closed - Score Plumits

Just purchased my TU report to see if the score dropped, and it sure enough did! Looks like I have an accurate picture of where I stand now.Screen Shot 2015-03-11 at 12.18.30 AM.png

 

 

Message 34 of 36
Senior Contributor

Re: Update: Re: Overstock Closed - Score Plumits

Yep, baddies can make a huge difference. Guess which one doesn't have my tax lien.

 

Message 35 of 36
Established Contributor

Re: Update: Re: Overstock Closed - Score Plumits

OP that sucks!!  Sorry to hear that...I just posted this as well...Had a DROP this am on EX with 2 accounts closing (all good accounts as well) NOTHING has changed on my report.  

So I got an EX alert saying that a cap 1 loan was paid and 0 balance. I though ok, my wife and I just refi the car loan. However, there was a 34 point DROP in score down to 641. I was like **bleep**. I pulled a new report on there site and nothing new (bad) is on there and I just had 2 CCD accounts we closed out update as closed today. So we lost (1500) in CCD uti. But my new Discover and Arrival TL added on there a few days ago so that adds (2800 avail credit) so it shouldn't be Util AAoA doesn't matter open vs closed account right? I know it's gonna take a hit with those 2 new accounts plus 2 more TL yet to report. So if it was because the new accounts and the AaoA hit, shouldn't that have updated a few days ago? Just trying to figure out why I took a 34 point hit. The new accounts that much?  Util with old closing and new reporting is 11.2%   WAS 9.6% so I know it can't be the CCD Util...could it really be because of the AAoA hit?

EQ8: 646 EQ5: 652 V3.0: 665 **8/2015
TU8: 635 TU4: 700 V3.0 :663 **8/2015
EX8: 636 EX3: 670 V3.0: ? **8/2015
CCD Util 35%

Message 36 of 36
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