i just recieved result's from an exp. report. my husbands credit has gone from bad to worse thanks to me. before i got hold of it, he had a score of 595 now he has a score of 0. why? why? why? 6 dreogs were removed. (charged off and collections cc) a repo which he owed aproximately $7000.00 now says " paid/ charged off" it was never paid by the way. house payment which once showed 90 days late, now show 180 days late, how could this happen? I just don't understand this. what do i do? i especially don't understand how he went from a 595 to a 0, with derogs removed please please help me. needless to say he is not thrilled w/ my results.
calm down, 1) does he have any positive accounts? 2) what reason codes did they give for score 3) ask them for procedures used to verify the accounts that went from bad to worse 4)what other negatives does he have
He cannot have a 0 score. It is a mistake. You did the right things. You need to call the CRA and find out why the score is 0. I think the lowest score possible is 250, so there is clearly a mistake. Once you get the real score, then you will know how you did. Remember, this is a journey, not a short trip. You will have ups and downs along the way. The goal is a better score and report in six months or a year (or more).
to sum it up in a nutshell, 3 good reports, 6 paid as agreed w/lates, 10 more dreogs. they said the reason why he has no score is b/c he has no history in the last 6 months. the house payment is correct, they actually foreclosed on him, (i had to buy the house) but were kind enough to not show a foreclosure just lates. (the house was a balloon note the loan matured we did'nt have $60,000 to pay it off) therefore it was 180 days before they foreclosed but at least before i messed w/ it only showed 90 days late. the bank did not report foreclosure as a goodwill gesture, it was a really difficult situation (more than i can explain on this board) anyways since i bought the house at auction they agreed to not report as foreclosure. may as well now that it shows 180.
a 600 with a buncha negatives is much worse than a 550 with no negatives. for example, I could not even get a savings account with a 656 experian with 1 negative. Now I have a 640 without that negative and I got a savings, checking, and 2k cc. That one negative did all that damage.
You CAN have a score of 0. This happens when too many of their "factors" contain no data. At that point you are considered "unscoreable". This would occur for someone who has NO credit (as an example). For years, ALL the credit granted was given to me. My hubby had a 0 score. He couldn't get credit. What I find utterly amuzing (not!) is that he has 0 positive tradelines on EX, 8 derrogs and his score is 597. He has 1 pos tradeline 1 chargeoff and 8 collections on EQ and his score is 609! Go figure!
Can you make hubby an authorized user on some of your cards. That way the TL's will report on his report too and your problem of 0 score will go away.
I DO NOT HAVE ANY CARDS, ONLY A MORTGAGE AND A COUPLE OF AUTO LOANS. HE HAS A COUPLE OF CC BUT NONE OF THEM ARE REPORTING TO EXP. HOW DO I GET RID OF JUDGEMENTS ON HIM? THAT IS WHAT IS REALLY KILLING HIM. ALSO ABOVE, I MENTIONED A REPO. IT NOW SAYS PAID/CHARGED OFF BUT HE NEVER PAID IT. (I hAVE BEEN IN THE MIDDLE OF NEGOTIATIONS W/THEM) SO WHEN IT SAYS PAID/CHARGED OFF ARE THE SAYING THAT HE ACTUALLY PAID IT? I'M CONFUSED.
