I confirmed with FICO that the language used "early termination/insurance loss" is triggering the derogatory indicator in my case. I'm having a heck of a time getting GM Financial to take this seriously. Somehow the language was removed from my Equifax files and boom- 100 point increase. So I'm confident this is the issue. I can't believe more people aren't having this issue, but they probably aren't aware of it. I couldn't figure it out until I subscribed to myFICO. It's really an issue with the FICO 8 calucation. There is actuall nothing wrong with what GMF put in there except the algorithm interprets it as a negative item. None of the other FICO models do this, but all of the lenders are still using FICO 8.
Glad you got to the bottom of it. I've been a firm believer (despite varying viewpoints on this subject) that the narrative codes placed in the comments section (if negative) does impact the score and that hit can be significant as you can see.
This may have been suggested but if you're having difficulty with the other credit bureaus removing it use the CFPB as it's an extremely helpful resource to get these types of issues resolved.
Good Luck and Happy Holidays!!!
The same thing happened to me my EX and TU are reporting delinquent accounts. I have images for them but i cannot add it heres the information causing our FICO TO DROP
Bills Paid On Time Recently
You've recently been paying your bills on time.
Your most recent missed payment happened
While you have missed payments in the past, you have recently been paying your bills on time. Staying current and paying bills on time demonstrates lower risk.
About 98% of FICO High Achievers have no missed payments at all. But of those who do, the missed payment happened nearly 4 years ago, on average."
You have a serious delinquency (60 days past due or greater) or derogatory indicator on your credit report.
Number of your accounts that were ever 60 days late or worse or have a derogatory indicator
The presence of a serious delinquency or derogatory indicator is a highly correlated predictor of future payment risk. People with previous late payments are more likely to pay late in the future.
As these items age, they will have less impact on the FICO® Score.
Most late payments stay on your report for no more than seven years.
Virtually no FICO High Achievers have a 60 days late payment or worse listed on their credit report."
Early termination/insurance loss."