Ok, I just got a report from TU today, and YAY they deleted the forclosure! BUT, here is the odd part, my FAKO score dropped from 593 to 576. The absolute ONLY changes to my report are the addition of three hard inquiries (on the 14th) and the removal of one paid collection account (the forclosure). I find it exceedingly impossible to believe that that damn forclosure was helping my score. Even with the inquiries I thought it should have gone up??? I guess I'll have to go get another E-LOAN score or something...
You said it yourself it is a FAKO Tu scores have no rhyme reason or merit. Not even worth paying attention to.. My Tu fako 677 my Tu Fico 724 go figure. Kev
Well yeah, but I would at least have expected it to follow even a little...what I get for expecting things from a CRA I guess...
Age of that account may have been the contributing factor, taking it off, plus having maybe recent charge-offs can cause you a hit in your score.
Yeah, I could believe it about the recent charge-offs, only there AREN'T any. In fact, my 'only' derogs left are two sixty day lates in late 2000 and two Chap 13 Bks. Had my score actually gone up or something I could understand, but it went down. I think it's because the FAKO doesn't count multiple mortgage inquiries as a single inquiry, and perhaps adds more weight to inquiries than FICO? Anyway, I was told by mortgage broker that my scores are 636/EXP - 641/EFX - 647/TU as of 8/14 so if she's right I'm thrilled, I just don't understand what would have boosted the scores so much. I guess a collection really hurts, especially when they report as currently past due, but I have to also think that having my bank line of credit hit 90+ days maturity has made a big difference. Who knows. It *really* is just a random number generator...
