fico score dropped :( why???

granny031350 · ‎12-21-2007

ok I recently signed up for score watch. Tonight I get the alert that my score dropped 18 points.

I recently disputed a whole bunch of stuff on my credit report to state Included in BK. And I requested that the past due balances be changed to zero. So tonight, Drive Financial has done that. Past Due went from 4500 to zero and the status is now IIB instead of charge off/collections. So isn't that a good thing? Or will my score recover ?

Anonymous · ‎12-21-2007

I'm not a FICOpro (as of yet...lol) but I do believe that I read a thread on here similar to yours and the advice given was when you initially dispute, your score may drop because the items that is in dispute are on some type of "hold" and are NOT calculated in your score (until resolved). Even though they maybe "bad things" that you want erased, the amount of time (age) of the account could be a possitive on your score. That's just something to take into considerstion if items disputed are "old" accounts......

Message Edited by theREBIRTHofCREDIT on 12-21-2007 08:34 PM

Anonymous · ‎12-21-2007

Yes not only are the disputed TL taken out of the scoring- but anything negitive that gets updated with a newer date will also ding your score.

Anonymous · ‎12-22-2007

even though you may lose some points for age if a baddie is removed, most agree a cleaner/pristine report is worth a few points.