Ok I received my latest TU dispute results. Started with a 669. I disputed 5 items 2 were deleted they were a charge card with some late pays and a old closed and transferred mortage with some serious late pays. All the late pays were atleast two years old. Results new TU score 663!!! I have had no new inquires or significant changes to my balances just these two deletions and pooof 6 points gone?? Factors #1 Months since most recent serious delinquency is too short. I have had two 30day lates in the last 48 months. Can someone define SERIOUS DELINQUENCY for me. Factor #2 Total balance of personal finance accounts is too high. I'll give them this the ONE closed account that I still have a balance on is at the limit. Factor #3 To mamy active accounts with a balance. WTF I have a car note a mortage and the one closed cc with a balance? Somebody please help! Factor #4 To few bankcard account. This makes me want to scream. OK skip forward a few minutes I decide to go to eloan and check my score there. 625 #1 reason for this low score is: In the past 2 years you have missed 3 consecutive payments 45 times. How can this be?? I am looking at my brand new TU report which is what I believe eloan pulls and nothing remotely close to this is listed. Somebody please help! Thanks Bob
Thanks Dave, Experian is even cleaner than TU. How can someone miss 3 consecutive payment 45 times in two years? I only have a few accounts and the math just does not work?
I got "Too many inquiries" as a reason code on my Equifax score once. I hadn't had an inquiry in two years. Credit Expert tells me the balance on my installment loans opened in the past 12 months is too high. Of course, I don't have any installment loans opened in the past 12 months. TU informs me my score is lower because I have too few mortgage accounts. That's great, ya know, and I'd get one if not for that fact that my score is too low because I have too few mortgage accounts. Or, as George would say: RANDOM SCORECODE GENERATOR. -- cnswift
CLASS ACTION LAW SUITS RESULT IN YOU GETTING LIKE $0.30 TO AS HIGH AS $12.00 AFTER 1-3 YEARS... But I'm all for PUTTING THEM OUT OF BUSINESS.
Class actions are designed to punish them, not to reimburse you. Actually they get off easy financially, compared to the damage they've done, but the bad PR is fantastic!!
This is very long but it is actual testimony from Fair Issac and the CRA's about insurance scores but a lot of it is about credit scores. They start hammering the Fair Issac rep on about page 50 of the first day. www.gainsurance.org/CONSUMER/CreditScoringHearings.asp
Has anybody ever had this as a eloan excuse before? In the past 2 years you have missed 3 consecutive payments 45 times. I would like to know if I am missing something.
Wow!! What calendar are they using? I think I would send a copy of whatever it is you have, and ask them that exact question.
It's long but good. I fell asleep last night reading it Items in dispute don't count towards the score. They're not calculated. Of course, I've seen Equifax not mark them "in dispute"... The other interesting point and it's one I've asked Fair Isaac before is whether the fact of asking for a reinvestigation will trigger the item as being more recent. I got a "could" from the rep... but this report clearly states that if there's no date of last activity then the reinvestigation would make it appear more recent of a delinquency. the easy way to check: you have a 38 code (serious delinquency)... that's there. but if you also see a 61 or anything with time since serious delinquency too recent... it's been reaged by the bureau reinvestigation if the delinquency didn't have that time issue before the investigation. My guess on the recency issue: 12-24 mos and after 24 it really doesn't affect the score that much.
This is very long but it is actual testimony from Fair Issac and the CRA's about insurance scores but a lot of it is about credit scores. My favorite lines (so far) from the testimony (Ms. Dietrichs is from Fair,Isaac): MR. MANDERS: I guess you nailed it right on the head, you know how it works. MS. DIETRICHS: Uh-huh. MR. MANDERS: You know how it works; no one else knows how it works. You're not worried, and everybody else is worried.
Thanks Rina, I have Acrobat 4.0. I can read it, but I wanted to save it and read it offline. Usually I right click and save with Acrobat files - the website wouldn't let me do that. Then I tried to save it from within acrobat - the option to save wasn't there. ???
I can read but not save with Acrobat (reader) version 5. Will the complete Acrobat program (read+write) allow you to save it?
