@Anonymous wrote:Hello. I had something placed on my credit in July 2021 in error. My scores were well over 700 except for Experian which seems to never add the same amount of points as the other 2 bureaus. All the bureaus took away so many points. I disputed the item and the item was removed; however, I did NOT get my points returned that were taken. That is something that needs to change, especially when something is disputed and the result is in your favor. Whatever the bureaus take they should return. What are your thoughts on that? Experian gave me 7 points after removing the item that should have never appeared on my report.
I am not happy, since this has affected ALL of my scores tremendously!!
Signed these Bureaus are a gimmick and do NOT work on behalf of the consumer. These bureaus work for these businesses.
My gut tells me you need to give it time; if the dispute is finalized in your favor, your points will be returned.
@Anonymous wrote:
@Anonymous wrote:Hello. I had something placed on my credit in July 2021 in error. My scores were well over 700 except for Experian which seems to never add the same amount of points as the other 2 bureaus. All the bureaus took away so many points. I disputed the item and the item was removed; however, I did NOT get my points returned that were taken. That is something that needs to change, especially when something is disputed and the result is in your favor. Whatever the bureaus take they should return. What are your thoughts on that? Experian gave me 7 points after removing the item that should have never appeared on my report.
I am not happy, since this has affected ALL of my scores tremendously!!
Signed these Bureaus are a gimmick and do NOT work on behalf of the consumer. These bureaus work for these businesses.
Correct. Credit bureaus exist to service the needs of lenders and other financial institutions. Are you proposing that we go back to the old days when lenders interviewed your neighbors and co-workers before deciding whether to lend to you?
No, but it would be nice if your history with a lender carried more weight like it used to. Today it's all about algorithms. A 20 year history with many of these lenders now doesn't mean squat because if you accidentally forgot a single payment with another lender you're now a high default risk.
@Anonymous wrote:I have 1 c.c. and 1 car note which is paid on time. We'll see if it increases. I wanted my original points back. They are quick to take the points and not quick to return the same amount that was taken. Thanks for the feedback.
It looks like part of the challenge you have with your scores is only having one credit card; the collective here has reported quite extensively you need at least 3 "revolvers" for maximum FICO bonus points. Taking that one step further, my gut tells me your scores wouldn't have suffered as much from the event you originally reported if you'd had at least three credit cards.
@Anonymous wrote:Hello. I had something placed on my credit in July 2021 in error. My scores were well over 700 except for Experian which seems to never add the same amount of points as the other 2 bureaus. All the bureaus took away so many points. I disputed the item and the item was removed; however, I did NOT get my points returned that were taken. That is something that needs to change, especially when something is disputed and the result is in your favor. Whatever the bureaus take they should return. What are your thoughts on that? Experian gave me 7 points after removing the item that should have never appeared on my report.
I am not happy, since this has affected ALL of my scores tremendously!!
Signed these Bureaus are a gimmick and do NOT work on behalf of the consumer. These bureaus work for these businesses.
1. The credit bureaus don't give and take away points. They merely report data.
2. The scores are based on algorithms using the data from the bureaus. The algorithms assign the points based on the data present at the time the report is pulled. Whoever pulls the report data and applies the algorithms is determining your scores.
3. If an item is changed and then changed back, the net change to one's scores would be zero.
4. The only possible way to determine how many points lost or gained are attributable to a certain item of data is to compare the report from the day before the change, and the report of the day of the change, and if you are lucky enough to have only one item differing from the previous day, you'll have your answer.
