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@mmts0717 wrote:
Hi, I am new to this board. I have a question and want to see if anybody can explain this to me.
I signed up EQ score 567
12/03 credit alert that score dropped to 539 because I disputed 2 items.
12/08 credit alert score 596 - ok on the right track
12/13 credit alert - score dropped to 559, judgement that was not mine was removed from my credit file.
In a nutshell, how can disputing information and having something removed from your report that is not even yours that is derog, hurt your score? With the plus/minus system, I am down 8 points from where I started. This does not make any sense to me. HELP.
Ha! Boy, you're right --that sailed right over me. I'm just not tuned in on that bucket category.
@Anonymous wrote:
Boy- HTSU is slipping today.
You are now in a "bucket" with peers that do not have a public record.
Changes to your credit reportThis is the veiled reference to your new bucket assignment. I lost 15 points in one day when my longest credit account changed (added husband's Discover card.) That was two months ago, and I've made it all back and more.
* You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.
@haulingthescoreup wrote:Ha! Boy, you're right --that sailed right over me. I'm just not tuned in on that bucket category.
@Anonymous wrote:
Boy- HTSU is slipping today.
You are now in a "bucket" with peers that do not have a public record.
OP, since you're subscribed to ScoreWatch, did one of your alerts contain this message? It would probably be toward the end of the alert:Changes to your credit reportThis is the veiled reference to your new bucket assignment. I lost 15 points in one day when my longest credit account changed (added husband's Discover card.) That was two months ago, and I've made it all back and more.
* You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.
If you never got that message though, let us know, so that I can go nyah nyah nayh at Timothy!
@jackg wrote:htsu,Your reference to a "the judgement was older than the legitimate items on your credit history, it might actually have been helping by contributing age. So when it was removed you lost that age." has my wheels spinning.I've viewed many of your almost 3,000 posts (congrats) and usually I'm in agreement or at least understand the "why" for your comments but this one has me stumped. I thought that "aging" of accounts were relative to revolving/installment/mortgage credit accounts. Please help me understand, I want to learn and this is the first I've heard of this. Thanks.In advance, I'm not being a smart a**, I'm serious and I don't want you to take this the wrong way.