topic GE/Walmart CLI and then Fico score tanks! in Rebuilding Your Credit

GE/Walmart CLI and then Fico score tanks!

kese — Fri, 05 Oct 2012 03:21:09 GMT

Couple days ago, i was celebrating for a $5500 CLI from GE. Today, my transunion fico lost 19 point and equifax lost 15 points. Disappointment.

But its not tied to my GE increase.

I made a mistake of paying/settling an old charged off Kohls account.

had a balance of 219 and CL of 100.

i thought it was hurting my utilization (otherwise always <1%).

I pulled a new report from myfico and it shows recent delinquency

Do you guys think i might regain these points? or how soon can i recover?

i didnt want to see 640ish again.

Re: GE/Walmart CLI and then Fico score tanks!

kese — Fri, 05 Oct 2012 22:28:13 GMT

anyone have an idea how long it will to gain climb up again?

Re: GE/Walmart CLI and then Fico score tanks!

Shogun — Sat, 06 Oct 2012 01:17:19 GMT

What's the DOFD of the account? This will tell the CRTP of the item falling off. Sometimes you will see quick drop like this, it'll factor back up. The plus of it is this debt is now gone. It can't come back to haunt you. Time to send a GW letter to them. Good Luck!

Re: GE/Walmart CLI and then Fico score tanks!

kese — Sat, 06 Oct 2012 01:28:15 GMT

Dofd is January 2015.

Re: GE/Walmart CLI and then Fico score tanks!

Shogun — Sat, 06 Oct 2012 01:32:40 GMT

2015? That must be the day it's expected to fall off. The DOFD would be 7 years +180 days before that. So essentially this is a 5 year old delinquent account. So it is aged. Send the GWs, at worst it's on for a couple more years, at best you can GW it off.