So I got a Score Watch alert today from MyFico on a change to 3 accounts. The 3 accounts are all student loans which were all PIF in March this year. It was currently being reported as $0 paid (closed) Past due amount was currently not being reported. The past due balance is now being reported as $0 which is correct for all 3 and this caused my FICO on EQ to drop 8 points??? I guess this further proves that the average consumer can not figure out any rhyme or reason to their scoring method.
Nope no inquiries, nothing else has changed. I'm not too worried about it because it's only 8 points except for it dropped me below 600 *grrr*, but oh well, I still have a lot more repairing to do. I just thinks its funny how FICO has this proprietary scoring method and this is the one everybody goes off of and its screwed up like everything else! LOL......grain of salt.....
Maybe the person operating the score calculator computer terminal was smoking a joint and having a drink.
So now I just had another Score Watch Alert from MyFico. They changed the accounts Past Due Balance back to *blank* from $0 and I only got 5 of the 8 points back from them putting in $0 for past due in the first place! What a crock! lol
