Removing CFA's

[cr101]

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@Anonymous wrote:

Experian only

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Are you saying that only EX considers CFAs in the score? This is the only place I've seen it.

I would be happy to know which accounts are actually considered CFAs. I have a clue that it's one or all of my auto loans. I just wish that I knew which one, especially since I personally don't consider them to be "bad" (at least not at the time before I discovered my CU). But, if they're going to hurt my score, I likely wouldn't use them again for another car.

[Anonymous]

With all the new FinTech companies popping up and creating competition for the legacy banks, the application of a negative mark on your FICO for having a CFA in your profile doesn't sit well. The issue is the vagueness of what is considered a CFA. Not all FinTechs are payday loans. Some report large FI backed auto loans are tagged CFA. So unless you only do business with an "Approved" list you're gonna get dinged for 10 years. Those are BK guidelines. Interesting.