Myfico not current

Anonymous · ‎07-20-2007

Yesterday I pulled my Experian report from Experian and it showed that an account that had been listed as a charge off in error was now being reported as Paid Satisfactorly. Excited, I paid to see what my credit score was from Myfico. It was 655 and still listed the account as a charge off. Any idea why it wouldn't be current considering the updated info was already available at Experian?

chartley3 · ‎07-20-2007

Its probably because EQ and TU havent updated yet EX is probably the fastest of the 3 for updating its files.

fused · ‎07-20-2007

prudentone wrote:
Yesterday I pulled my Experian report from Experian and it showed that an account that had been listed as a charge off in error was now being reported as Paid Satisfactorly. Excited, I paid to see what my credit score was from Myfico. It was 655 and still listed the account as a charge off. Any idea why it wouldn't be current considering the updated info was already available at Experian?

This is probably a lag time issue. It should update soon on myfico. FYI a charge-off reporting as paid satisfactorly will not help your scores.

Anonymous · ‎07-20-2007

Even if it completely removed the charge off status? It was originally listed as a charge off and now it's not.

Anonymous · ‎07-20-2007

I am sorry, use to say paid satisfactorily/charge off with 12 90+ late payments. Now is says Paid, Closed/Never late. So surely that will boost my score.

coachhenson · ‎07-20-2007

I disagree with the "paid" charge-off not helping scores. The same goes for collections. Paid collections can boost your score 25 points.

Anonymous · ‎07-21-2007

I had an old collection on my experian report that dropped off 2 days ago and I updated my score with experian and it went up 19 points. However, Myfico clearly shows my CR the same as EX but my score has not changed. I am new to myfico can anyone help.