The new FAKO's are in, I did not pull FICO's again..yet

[Champion80]

Well my recent pay with deletion has been updated and deleted, happen in 2 days, funny thing though my FAKO on EX went down 6 points, EQ stayed steady at 650, and TU was the only one to jump 27 points to 650, from 633. I am hoping it is just the CHAOS theory on the other 2 reports, it may be possible that my dispute disrupted the process for both EQ and EX because I called both and disputed right after I got the letter of deletion, I couldnt call TU because I was special handling department, so they call you back, just the call back, I asked about the account, and it was already gone. What do you guys and gals think, maybe the fact that I disputed maybe confusing the system, I ran my FAKO's yesterday the TL was still there on all 3, today, there all gone. Maybe because it is being updated today, the score isnt updated yet??

[Valkyrine]

hiya Champ!!

I don't claim to understand credit scoring. I think updates are pretty instantaneous, but I could be sooo wrong. I know from my own reports that, even when an unpaid CO is removed, if its one year old (or older) my score takes a bit of a dive. Chaos theroy at its best. Sears was my oldest and biggest bad boy... it came off and my score dropped a few points on each. Maybe when you check your CRs in the next few days you will see a gain.

I've noticed just this last month and a half that:

1) score always takes a dive after any neg comes off (all of mine are pretty old)

2) when I paid my CC, my score goes back up to pre-delete status plus 1 to 5 points.

Hope that makes sense, lol.

So basically, I'm in a holding pattern. Your scores are a helluva lot better than mine though... I hope you see a boost soon.

And congrats on the delete... you earned it.

Val

[Champion80]

Thanks Val,

Yeah, I am hoping its just the Chaos theory!! Like I had said, I didnt get the chance to dispute it with TU before the CA sent the notice of delete, and there was a 27 point boost, another crazy thing, I had a 4 point drop when a $10,500 limit, $3,500 balance was added as an AU on my account. So it gos to show, it looks like the AU definately has an effect.

Another interesting piece, I had disputed a Collection on my EQ, they deleted, then a couple months later, it has now been re-inserted on TU, now the interesting part is the CA's name is different, I did a little research, and it is the same exact company, just with a different name and address, so I have been reading all the FCRA and I am getting a headache trying to find out if they some how violated!!

[Sultan]

I wish I knew the straightforward answer for you,

I would think a deletion should raise your score.

I know in the past it has mine, and I checked the scores before (with in a couple of days) and right after I received the email notification of completion of the investigation. Sounds like they're going to continue rising and your now on the right track. G/L

[DivineDiva]

What are FAKOs, how are they different from FICOs and how do I obtain FAKOs.

[Champion80]

FICO's are the scores 75% of lenders use to review your credit history, got to my FICO.com for some good detail on the real FICO's. If you are willing to pay about $30 right now, you can get all three reports and all 3 scores, use the discount code 2005Fico, that should give you a 20% discount. When you pull these scores, like I said, they are the actull scores lenders see.

FAKO's are just other computing systems that were created I believe to give us some type of a score, but the calculations are not exactly the same that the FICO one uses. But they do give you a general idea where you are at score wise, I think most here would tell you FAKO's are usually lower than the actuall FICO, but do not take my word for it. I would also use the search option above if you want more education, there have been plenty of previous questions about the differences. But here is a really good link for a company called Privacy Guard, you get a 2 month trial for $1, and after the two months if you keep it, its $12.99 a month, so far this is the best one I have found so far, you not only get all 3 CR side by side, you get all 3 FAKO scores, and you can pull it daily. Which is good to have while you are gettting all the changes made.

https://www.privacyguard.com/global/scripts/secure/Promo.asp?promote_page_id=Registration&SID=DCBDC264A2AE4B1B12cd79ecef139e17