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FICO scores are unfair!
I am beyond frustrated. I have worked very hard to improve my scores and they have improved....slowly. I have several credit cards and two loans and I finally got my score up to almost 640 from the low 500's. I have made more than the minimum payment on all my credit cards and have paid them all on time; I have paid the two loans I have on time all for the last two plus years! I have not been late once. So I get a notice that my credit score has dropped due to a collections from something from 2008 that was JUST added in April (which I am disputing)! How does this happen? I have been working with this company, with Trans Union and the BBB to get this resolved and it is taking forever. It takes me two years to get my score up for it to drop 30 points because of a bogus collection?? I am so sick of this. Doesn't the fact that I always pay over the minimum payment and have not been late at all make a difference. I also have an excellant driving record; no tickets or accidents whatsoever, and I have a low insurance score? This is bull!!! How do we fix this ridiculous system, it isn't fair to those of us who are working really hard to get and maintain good credit??

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