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     | Thursday, March 16, 2000 - 07:22 am  A question for the folks who know: I had a $842 state tax lien filed on me on 7/95. The release (when I paid) was filed in $2/96. About a year ago, I simply disputed the lien, and Experian and TU both deleted it. Equifax did not. I just disputed it again with Equifax, and they once again verified it. Now I know the CRA's don't have people camping at the courthouses copying info down, so I assume they rely on 3rd parties such as KnowX (part of information America), CB Infotek (which EQU has an interest in), and others. Since EXP and TU deleted it, I assume that they did not do a public record search with on of the 3rd parties, while EQU did. Do you think it is that simple? That EQU actually checks (which costs them a little money I guess), and EXP and TU don't? (thus saving a little money). >>> It is quite simple actually. I went to KnowX.com and sure enuff, it was easily found (my cost was $7.50 for the search). So it seems that EXP and TU just don't take the time or spend the money to check. Do you think this is the correct conclusion? Also, Equifax lists the "public record filing" as the top Adverse REason Code (#40). Thru diligent effort and the phenomenal wealth of information on this forum (thank you all!!!!), I have raised my Equifax Beacon score from 650 (JUL 98) to the current score of 716 (2/00). Given the payoff/release date is 4 years ago, should I even bother with my removal attempts anymore? Would my score even increase enough to warrant the effort? If the Adverse REason Code were the 3rd or 4th one, I guess I'd forget about it, but even with it's being 4 years old, it still shows up in the number one position. Any opinions are welcome.
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| | Friday, March 17, 2000 - 03:34 am If I understand correctly you're asking our opinion as to whether you should continue to dispute a public record that's: 1) Accurate; 2) Easily verifiable; 3) Has already been verified by the CRA twice; and 4) Doesn't prevent you from having a score 700+ I'd say no. Let it go.
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| | Friday, March 17, 2000 - 03:57 am I read on a web site that the CRA's, in general, will not even attempt to verify public records. I had two public records (not including my BK), all unsatisfied, one dated 6/95 and one dated 9/93 on my Experian (both default judgements). Just for grins, I disputed both of them on grounds that they were not mine and I had no idea what they were. Two weeks later, I received my response from Experian: Both records were deleted. That was over two years ago, and I've received six or seven different copies of my EXP report, and they've remained deleted.
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| | Friday, March 17, 2000 - 07:26 am Sean -is breaking the 700 barrier the "big enchilada", so to speak? Is that the other side of the fence we want to get on?
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| | Friday, March 17, 2000 - 02:11 pm Has anyone else had any luck disputing public records?
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| | Friday, March 17, 2000 - 06:19 pm A 700 is a great score but the two big scoring goals are 680 and 720. Having a 720 or more normally gives you a credit grantor's premium pricing.
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| | Saturday, March 18, 2000 - 12:18 am Sean: What are three sources which mention those three numbers?
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| | Saturday, March 18, 2000 - 05:45 am Start on Fair Isaac's own website: "Take the case of a California couple, both highly paid professionals, who sought to qualify for the lowest interest-rate refinancing available. The key test, their mortgage broker said, was that they have a FICO score of 720 or higher."(emphasis added) "When the mortgage company pulled their FICO scores electronically from the credit bureaus, both had good scores — more than 700 — but neither hit 720. The broker was not legally bound to divulge the scores but did so as a courtesy and also provided copies of the reports." (emphasis added) Suggest you also try this link and this link and this link and this link and this link. Try also this link: "Many lenders and investors have differing ideas of what constitutes a good score, but in general, if a credit score is over 680, it is normally considered to be a good credit risk. However, the higher the better and a higher score may result in a better price on a loan." (emphasis added) Try also this link: "You can obtain a 3 hour bank approval on single family owner occupied homes, providing your credit score is OVER 680 with NO LATE PAYMENTS OR COLLECTIONS." Don't forget this link and this link: "Debt ratios 38/41 with 680+ score, 45/45 with 720+ score." Greg, it's not that difficult to go to a search engine and search for "credit score 680." Suggest in the future you do your own research.
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| | Saturday, March 18, 2000 - 09:06 am The first link also says "... good scores — more than 700... " Nothing about "680." The second doesn't mention "720" (everything but). The third gives breaks at "680" and "750." The fourth (a real dilly), is someone posting to a message board asking the question: "Anyone know of a site where you can find out what credit score is required for the certain credit cards. Such as Amex, Wingspan, Citibank[?]" Someone else (TRRyn@aolnospam.com) answers, "Amex Optima Platinum: 680," with no site quoted. Did you believe them? The next (written by the same person as #2): "680" is the highest break mentioned. It says, "The credit score is actually calculated using a "scorecard" where you receive points for certain things. Creditors and lenders who view your credit report do not get to see the scorecard, so they do not know exactly how your score was calculated." I could have sworn there are more than one big scorecard. The sixth: "680," but no "720." Number seven mentions "680," but gives no other numbers. It also gives the advice: "Minimizing the amount of outstanding debt: By consolidating many debts into one and closing out all the accounts with previous balances, a credit score will be improved. "Just paying off accounts does not help since those accounts would still show on a credit report as AVAILABLE CREDIT, not good for a credit score. The accounts must be formally SHUT DOWN so they no longer appear." Oh man. Link number 8 (with the dogs) boldly states, "... a borrower with a score 680 and above may be considered an A+... " No mention of "720." That would probably blow up their computer. Finally, here's one that mentions both "680" and "720." OK. You made your point. That page also says "620" is "Standard (A3)." The last says "680" at one debt ratio, and "720" at another (but also says, "No major credit derogs (bankruptcy, repossession foreclosure, charge off, major tax liens, major collections/ judgments) allowed." So, there goes the scoring theory. It continues, "Non-traditional credit histories allowed (electric, phone, cable, etc.). Must have 3 account minimum, each with 0 X 30 12 month history. One account must be rent or mortgage"). Sounds like they're saying they require a score... and then, again-- they don't. (?) I put in the words "credit score 700" in a search engine and got lots of hits. Thanks for the tip. Now I know that whatever I enter into the search engines will support my statements. Kinda. That's what you meant, right?
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| | Saturday, March 18, 2000 - 12:00 pm You know, Greg -- this is not a court of law or science where I feel compelled to establish everything I say beyond the shadow of a doubt to a pompous, self-appointed magistrate who demands proof of everything I say. I believe I have provided clear and compelling evidence that 680 and 720 are big numbers that a lot of lenders look for. You have not added one extra scrap of information to this conversation. Here's a little experiment for anyone who's curious. Go to Yahoo! and search for "credit score 680" then search for "credit score 675". Do you see a difference in the number of hits you find? Go to Yahoo! again and search for "credit score 720" vs. "credit score 725". Again you should notice a difference in the number and quality of hits you find. Oh and Greg why don't you explain why this link mentions 720+ as A1 credit. Perhaps you should email the Webmaster and ask him why that information is on his site.
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| | Saturday, March 18, 2000 - 02:07 pm OH, the irony. The link is a quote. You know: words with the little doodads before and after them? You got my email address wrong. At the risk of ladling on more pomposity, I demand proof of this: http://www.bayhouse.com/discus/messages/4/397.html?952713631
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| | Saturday, March 18, 2000 - 02:19 pm So you ask me for quotes when you already have quotes like that right on your own website? Anxious to waste my time or what? Want another quote? Go to www.eloan.com and get your credit score. Print out the page that has your score on it and those people are nice enough to outline what score range corresponds to what. I think you'll find that they confirm what I have to say.
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| | Saturday, March 18, 2000 - 09:21 pm No, thanks. I don't need another opinion of what a good score is; I'm dizzied enough by them. I think it's laughable that nobody knows the highest or lowest scores, but they can say what's a good score. Hey, kids! Want some fun with statistics? Search for ""Joe +/- 5%""
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| | Sunday, March 19, 2000 - 06:27 am Enough is Enough. Back to the original topic ...... What approach have other people taken to get judgements and other public records removed from their reports? Has anyone had any luck just asking for verification on a judgement that has not been satisfied? Does age matter? In other words is one that is six years old or even four years old easier to have removed than one that is just one year old? What about tax leins?
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| | Sunday, March 19, 2000 - 08:16 am Some insight: Credit bureaus search public records: · Bankruptcy information is collected from federal bankruptcy courts. · Judgment and tax lien information comes from courts (district, circuit, justice, municipal, superior, magistrate, probate and state), town clerks and registers of deeds. How current is the public records information? From Experian's website: "The currentness of data collected from courthouses depends on the size and/or location of each court. Data obtained from courthouses serving large metropolitan areas is updated frequently. In most cases, bankruptcies are collected on a daily basis. Almost all other courthouse data is collected monthly or weekly, with some information (usually from courthouses serving less-populated areas) collected quarterly." Experian claims that once they receive information it is added to their databases within 24 hours. http://www.experian.com/customer/pubrecfaq.html
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| | Sunday, March 19, 2000 - 08:33 am Thankfully I've never had a public record appear on my credit profile. I couldn't even begin to tell you how to get one that's there to go.
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| | Sunday, March 19, 2000 - 02:27 pm I have one judgement from July 1995, it was on my report in less than 24 hours. I live in a suburb of a larger city (but the suburb is a different county). The judgement has never been satisfied, nor has any attempt ever been made to contact me to set up payment to satisfy it, they did not even try to garnish my wages. I wouldn't even know how to contact the person who got it because they have moved. The judgement was for damage to a carpet in a house we use to rent. I offered to pay to have it replaced but they got a judgementt and moved to the DC area. Considering they are military they have probably moved again. I would like to either pay this or have it removed. At this point I am not sure what steps to take. Challenge it or try and locate them. Even though it is not satisfied, will it fall off in 7 years?
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| | Monday, March 20, 2000 - 07:01 am Once again, "In the old days", credit bureau's had spotters who would comb public records once a week or once a month, (even visit the county clerk's office and look at the log books (public record) to see who is being sued, etc.) then report to the bureaus. Banks, etc. had people who would read the personal ads to look for the "I, John Doe, am not responsible for any debts incurred by Mary Doe" - this would tell them that John Doe and Mary Doe are divorcing, thus will probably have some financial troubles soon. They would then search their own records to see if they had any accounts with John Doe or Mary Doe, and if so, flag them. I guess the scoring models eliminate the need for all that - Da Score Tells All
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