Ready to quit!

[thornback]

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@Anonymous wrote:

Here is from myfico.com 🤦🏼‍♂️🤷🏼‍♂️ I'm so confused even more what to believe!!!

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Look at the score dates.  They differ.  That EX score is from 2/23.   Your Experian.com alerts are from 2/26 and 2/27.   So something changed between that time to cause a score drop.   You'll probably get another alert from myFICO in a day or two reflecting the Experian changes because myFico alerts are always delayed. 

[dragontears]

What did you dispute? Is your dispute still open?

When you dispute an account it is COMPLETELY removed from factoring into your score (which is why disputes have to be removed before a mortgage). If the dispute is not completed your score "lost" an account that has been open since 2012.

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@Anonymous wrote:

I think it closed today but I had to dispute it and it was opened that day maybe that's why?

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[Anonymous]

I paid my student loans off several months ago well I noticed on Experian it didn't update so I sent in the information that I paid it off and that it should reflect that and they did close it and put the balance at zero in my favor as they did see that I paid it in full. 

[Revelate]

Dispute can up and exclude the entire tradeline.

If it's not fully resolved all that positive history poof and I suspect that to be more likely than any installment utilization change though that might've contributed.  What was the balance before it was updated to paid/closed?

[Anonymous]

Why do people feel the need to dispute the paying off of a TL? It does take time for it to cycle on all 3 CB's, It's called patience.

The only things that should be disputed are incorrect items.

Aside from that why did you even open an SSL, if you were going to close the "current" loan before it even reported?

Most people that open an SSL do it because they don't have an installment loan, and want the "credit mix" boost. Others do it to have in place before their current loan is about to be paid and closed. To keep said credit mix in play. 

If you knew the reasons for opening an SSL, you should have also known not to pay off the Student until the SSL was reporting for at least one cycle and at less that 50% UT or lower. To help with scoring. 

Apologies if this sounded brash, I was just curious as to why someone making all these changes were upset with the results. 

It's a simple matter of time for everything settle down and align. 

[Anonymous]

@Anonymous It’s not quite to keep Credit mix in play. You maintain your credit mix points with a closed loan. What you lose is your bonus installment utilization points for having an optimized loan.

Also keep in mind that loan, the inquiry was buffered by 30 days so that’s going to come in here somewhere to. And IIRC, OP has collections and is in a dirty card, so there’s not gonna be a new account penalty. HP, AAoA, Aggregate installment utilization, and other possible changes.