And more questions... 1) DH had a collection on his acct that was inaccurate. His score on EQ was 649 before removal, now is 623. I'm comparing the reports and the *only* difference I can find is removing the collection. How can that bring his score down??? (btw, it is in the 650s on EX and TU) 2) Zale's charge-off on 2 reports that has been disputed and verified (what a joke!)--It is showing zero balance but in the "status" it says "$455 written off" which is inaccurate. Can we redispute as incorrect based on the fact that the account that nothing was written off? Or are we just wasting our time? It's due to fall off in September but we are mortgage shopping this month. Thank you for any information.
The collection was reported in April of 2002--but it should never have been a collection and we have a statement from them regarding that. It was a medical that was paid but not recorded right or something stupid. They (hospital ca) claim they never even reported it to Equifax, only Experian, and that Experian must have notified Equifax? ANYWAY... Comparing each of the 3 reports to the 3 reports pulled last month, the only difference is the collection removal and the only one the score went down on was Equifax. Really stinks! As to whether Zale's was paid prior to charge-off, that's debatable. We say no and we can give them an approx date it was paid in full. They say yes, it was paid in full, but it was charged-off first. It's been sold twice since then. The total limit was only 500 and we paid over 450 (dont rem. exact amount), so there is no way they wrote off 455! Thanks for feedback!
Re: Re: Collection removed score goes down? Ask them for full accounting of the debt. That should reflect the exact date the balance was $455 and take it from there.
It's soooo frustrating! I lost 13 points when my last collection account came off. It can't be age because it was actually my newest "account." I don't remember the actual term but it's believed FICO uses multiple 'sub-categories' 'classes' 'groups' whatever, and you are compared to others in your group (ie. people w/ a collection acct.) rather than everyone in the FICO world. So my guess is that my score should have gone up when compared to the rest of my class but I got bumbed up to the next class and didn't quite measure up so my score went down a bit. 0
A little confusing on that--the OC would be the hospital but the hospital has an in-house CA, which is who was listed on the report.
Re: Re: Collection removed score goes down? That is confusing too, lol. There could be an issue with that as far as the FCDPA is concerned, something about if they are employed by the OC, collecting in their own name or another name, and some other stipulations that the FDCPA puts on collectors that fits these characteristics. Basically, I am not familiar with that portion of the FCPA to explain it but hopefully someone else will post who can.
