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Huge drop in credit score due to Irma storm
Posted by: Mr645
Date: October 13, 2017 07:28AM
I use Credit Karma to monitor my credit score and it typically updates every 7 days. Yesterday I get a notification that my score had changed. I Karma shows two scores, one from Transunion and one from Equifax.
Transunion is unchanged and shows the typically updates that my two car lease balances have dropped one payment each, no change in score. BUT
Equifax shows those two lease balance changes as well as a note from my Mortgage company, Chase. Chase added a note that I was "Affected by Natural Disaster" I also see a 71 point drop in my credit score.

Sure, Hurricane Irma blew over me and my home, but I had a total of $220 in minor cosmetic damage to my home. Been fixed, never lost power, was not late on any payments, never called any creditor to request any assistance.



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Edited 1 time(s). Last edit at 10/13/2017 07:29AM by Mr645.
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Re: Huge drop in credit score due to Irma storm
Posted by: cbelt3
Date: October 13, 2017 07:44AM
Credit agencies are uncontrolled unorganized parasites on the world. And should die. Especially Equifax, whose concept of security involves leaving the key under the flower pot instead of the door mat.
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Re: Huge drop in credit score due to Irma storm
Posted by: Yoyodyne ArtWorks
Date: October 13, 2017 08:24AM
Quote
cbelt3
Credit agencies are uncontrolled unorganized parasites on the world. And should die. Especially Equifax, whose concept of security involves leaving the key under the flower pot instead of the door mat.

Poetic...and accurate!



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Re: Huge drop in credit score due to Irma storm
Posted by: Ombligo
Date: October 13, 2017 08:49AM
We are in the FEMA zone as well, but currently nothing has changed with my score. We have one Chase account, no note posted (yet)



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Re: Huge drop in credit score due to Irma storm
Posted by: nwyaker
Date: October 13, 2017 09:34AM
Quote
cbelt3
Credit agencies are uncontrolled unorganized parasites on the world. And should die. Especially Equifax, whose concept of security involves leaving the key under the flower pot instead of the door mat.

goodone
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Re: Huge drop in credit score due to Irma storm
Posted by: ztirffritz
Date: October 13, 2017 10:20AM
What annoys me is that these companies hold sway over people's lives like a government agency, but yet they have very little regulation to adhere to. Heck, Equifax has been hacked so many times in the last few weeks that they're looking like a dish at Benihana...yet they continue to be trusted with ALL of my life's vital information and there's NOTHING I can do about it. I can't pick which credit agency I trust. I can't force a creditor to use one over another. I can't tell Equifax to delete my information. I have no ownership of the situation but bear the entirety of responsibility for the outcome their behavior.



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Re: Huge drop in credit score due to Irma storm
Posted by: $tevie
Date: October 13, 2017 04:50PM
Quote
ztirffritz
What annoys me is that these companies hold sway over people's lives like a government agency, but yet they have very little regulation to adhere to. Heck, Equifax has been hacked so many times in the last few weeks that they're looking like a dish at Benihana...yet they continue to be trusted with ALL of my life's vital information and there's NOTHING I can do about it. I can't pick which credit agency I trust. I can't force a creditor to use one over another. I can't tell Equifax to delete my information. I have no ownership of the situation but bear the entirety of responsibility for the outcome their behavior.
You are so right. It's an outrage.



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Re: Huge drop in credit score due to Irma storm
Posted by: billb
Date: October 14, 2017 03:00PM
Quote
Mr645
I use Credit Karma to monitor my credit score and it typically updates every 7 days. Yesterday I get a notification that my score had changed. I Karma shows two scores, one from Transunion and one from Equifax.
Transunion is unchanged and shows the typically updates that my two car lease balances have dropped one payment each, no change in score. BUT
Equifax shows those two lease balance changes as well as a note from my Mortgage company, Chase. Chase added a note that I was "Affected by Natural Disaster" I also see a 71 point drop in my credit score.

Sure, Hurricane Irma blew over me and my home, but I had a total of $220 in minor cosmetic damage to my home. Been fixed, never lost power, was not late on any payments, never called any creditor to request any assistance.

It will be interesting to see if the score edges back up incrementally over time or just back up the whole 71points some day (soon). Chase must be pumping up a number to some end as well .
How do they know about the $220 ? or do they



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Re: Huge drop in credit score due to Irma storm
Posted by: Mr645
Date: October 14, 2017 03:21PM
It will be interesting to see if the score edges back up incrementally over time or just back up the whole 71points some day (soon). Chase must be pumping up a number to some end as well .
How do they know about the $220 ? or do they


They can't have any idea. I had some siding come loose, hired a company to come and fix it and the charged me $220 to fix it. I paid them in cash. Never lost power, cell service, TV service, or internet. Really have no financial burden, I have a mortgage of under $1000, two car leases that total under $1,000 and we put $4k a month away for retirement. I don;t know why marking my mortgage account as "Affected by Natural Disaster" should matter. It did not affect my payments on the mortgage or anything else. I never contacted Chase for any assistance, I pay my mortgage online.



"he is going to start WW3!!!!"
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