     Ann (Momof3) | Tuesday, March 20, 2001 - 04:10 am 
I finally received my score, after waiting 24 hours from when I ordered to waiting 45 minutes on the phone this morning, I was able to see it. It was 677!!! My score in October was 540. I am very excited on the improvement. |
| Christine Baker (Admin) | Tuesday, March 20, 2001 - 09:26 am
Wow, that's substantial! In just 1/2 year, that's really good. What did you do? |
| Ann (Momof3) | Tuesday, March 20, 2001 - 01:18 pm
Thanks yes I am still in shock. Well when I got the 540 I had 12 accounts open way too much and most had med/high balances, I have now cut the total down to 5 cards and my balances have gone down and I have gotten a few increases in my lines which helped my ratios. At that time I had one 30 day late that was incorrect and I did get that removed. So I guess cutting back my accounts, paying down balances and getting that 30 day late off really made an impact. |
| Ann (Momof3) | Tuesday, March 20, 2001 - 01:20 pm
One more thing I may add. My reason codes then were alot, too many accounts with balances, too many new accounts, the 30 day late, inquiries, length of credit history too short. Now this time at 677 I received 2 reason codes, length of history which I knew and too many inquiries. |
| Christine Baker (Admin) | Tuesday, March 20, 2001 - 02:12 pm
Ann, are you sure you received only 2 codes? EVERYBODY is always supposed to get 4, and that's exactly 4.
You mentioned in your posting in Finance that you want to close accounts.
I would NOT close any accounts. Notice that even your October codes didn't include "too many accounts."
I'm still very perplexed by your low October score, sounds more like a Score in the 600s to me.
Even people straight out of bankruptcy score better than you did in October. |
| Ann (Momof3) | Tuesday, March 20, 2001 - 02:22 pm
Yes Christine it only listed "2" reason codes , length of history and inquiries. You would think that score sounded wrong but my EX was 540 as well and TU was 560 in October but they were all around the same. Same reason codes as well then. |
| Christine Baker (Admin) | Tuesday, March 20, 2001 - 03:48 pm
Ann, there's something wrong. If you have the time, call them and find out what's going on.
You should have ** 4 ** codes like everybody else. |
| Ann (Momof3) | Tuesday, March 20, 2001 - 03:54 pm
Christine you are correct, I just checked again and they changed how they presented my score, but honestly earlier it did only list 2, but now there are 4. Balances/limits and also too many account with balances I have 5 accounts 2 with zero balances, go figure that one. But I am relieved I thought maybe only having 2 gave me the wrong score, but it is still 677 thank goodness |
| Ann (Momof3) | Tuesday, March 20, 2001 - 04:05 pm
Christine I am hoping you or someone can help me with this one. I also pulled my husbands report it was 580 in October with a unpaid collection account from a utility company it was also listed on TU as well but not Ex, TU scored his 660 with the collection and it has had me puzzled ever since. His Equifax score is 577 not any better but when looking closely as his factors and looking at each account entry or both reports I can see a difference. Equifax listed this as an "open account" it appears like this account has been open all along and late ever since while TU just reports it as being in collections. The codes were serious deliquency, recent deliquency ( 1995 is recent) and amount of deliquency they all mention it being recent and hurting more. I am a little confused how can a closed account frm 1995 appear open and considered recent?? I know that how equifax is reporting has to be the difference TU has the same info yet scored him 660, something doesn't seem right. I have dipsuted the account as not being open not sure if this will have an impact or not but I tried. What do you think is the difference in the listing, TU also list this as a charge account.
Thanks |
| Christine Baker (Admin) | Tuesday, March 20, 2001 - 05:29 pm
Ann, regarding your additional factors:
I'm thinking that if 3 out of 5 accounts are too many with balances, you've closed too many accounts. At this point, do nothing more than pay off balances and increase limits on existing accounts.
As far as your husband's report goes, they apparently report the date of the collection as the CURRENT date. It happens ALL the time, you need to dispute that. |
| Ann (Momof3) | Tuesday, March 20, 2001 - 06:19 pm
Thanks Christine, how should I word the dispute for my husband's report?? Do I just write and tell them the date is inaccurate??
Thanks |
| Ann (Momof3) | Tuesday, March 20, 2001 - 07:02 pm
Christine I went ahead and started an online investigation, they have limited choices which is the only thing I don't like, but I disputed it for being reported as "open" this account was closed in 12/95 and they bought the old debt, I hope this works and if not I would love to hear your suggestion on how to change this from being reported as current.
Thanks again |
| Christine Baker (Admin) | Tuesday, March 20, 2001 - 08:07 pm
Ann, not seeing the report it's hard to say. But either there is a MISSING date or an INCORRECT date.
Let us know what happens with the dispute, and we'll take it from there. |
| Ann (Momof3) | Wednesday, March 21, 2001 - 04:16 am
Christine this is how it appears on his report, tell me what you see??
Company Inovision Inc
Account Number PECO ENER-XXXX
Whose Account INDIVIDUAL ACCOUNT
Date Opened
Last Activity 12/1995
Type of Account Open
Account Status 120+ DAYS PAST DUE
Months Reviewed 26
High Credit $246
Terms
Balance $246
Past Due 246
Date Reported 01/2001
Times Past Due
Previous High Status: 120+ days past due 10/2000;
30 Days 00
60 Days 00
90 Days 01
Description COLLECTION ACCOUNT
Thanks |
| Erik (Erik) | Wednesday, March 21, 2001 - 08:43 am
I have something similar to this on my Equifax report. My big question is if the Last activity date is in 1995 why would the Previous High Status date of 120+ days be in 2000? |
| Christine Baker (Admin) | Wednesday, March 21, 2001 - 09:08 am
"Account Status 120+ DAYS PAST DUE"
While the date of last activity is correct, the 120+ apparently makes scoring rate the account as "recent."
"120+ days past due 10/2000" is definitely incorrect.
Now, according to Fair Isaac, the NextGen scores do NOT rate a paid collection better than an unpaid collection. I verified that with Fair Isaac personally.
But apparently that only works for CORRECTLY reported collections.
Technically, the account is way past due. BUT, a 5 year old $246 collection is NOT recent, and apparently the scoring program is NOT picking up that the date of last activity was in 1995.
"Type of Account Open" THAT is definitely a problem, as well as reporting the history 30, 60, 90.
Many collections show on the reports with the public records, NOT in the account sectcion, and I think that's where they should be.
I would send ONE fax to the collection agency demanding that they remove that account and that they seriously hurt your husband's credit rating for years due to their incorrect reporting. I'd include the report page with the score factors so they see.
If they don't comply, I'd sue. I'm sure you've had some damages.
They may say it's Fair Isaac's fault, then I'd sue them. I get so sick of the finger pointing.
And, if you'd want to do the general public a favor, you could file a complaint against them with the FTC and/or your State regulator and/or their State's licensing agency.
It's reasonable to assume that they screw up everybody's credit by reporting collections that same way.
And a little disclaimer: Since I haven't seen the rest of the report, there COULD be other accounts causing those Fair Isaac score factors. The above is based on what Ann posted! |
| Ann (Momof3) | Wednesday, March 21, 2001 - 09:28 am
Christine, that is the ONLY negative thing on his report, and 3 of of 4 factors are regarding this "recent" delinquency associated with this account. I plan on taking this matter up with them ASAP but I also would like to take this up with EQuifax, I am sure my dispute about this account appearing open will be left as it is and be considered verified. Just curious what exactly I should say to Equifax to get them to remove or atleast change the rating and entry on this account?? |
| Christine Baker (Admin) | Wednesday, March 21, 2001 - 01:00 pm
You already disputed it, so if the account is verified, request the documentation.
There's not much you can do if it's verified unless you want to sue them for defamation, and that's always difficult and expensive. The CRAs say they merely pass on the CREDITOR's reporting.
Don't bother with your "100 word dispute" as that's a complete waste of time. |
| Shylock (Shylock) | Thursday, March 22, 2001 - 03:38 pm
I've seen scores with only one negative reason code. Not everyone has four. |
