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New Contributor
Posts: 73
Registered: ‎03-26-2009
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Re: WILL IT HURT MY SCORE

[ Edited ]
yeah part of reason score is low is due to my oldest accts are 2 yrs 3 months, and march was the first month reported under 5% prior to that i was at like 95% and both collections were unpaid, and scores were under 600
Message Edited by alsawye on 03-31-2009 07:07 AM
ch7 BK 09/2011

EQ ??? TU- Walmart FICO 630 4/12/13 EX FICO 639 Lender Pull 4/6/13
New Contributor
Posts: 73
Registered: ‎03-26-2009
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Re: WILL IT HURT MY SCORE

so, in everyone's opinion would it be better to wait on the app for CLI to get some history built up of low util
ch7 BK 09/2011

EQ ??? TU- Walmart FICO 630 4/12/13 EX FICO 639 Lender Pull 4/6/13
Established Contributor
Posts: 586
Registered: ‎03-03-2009
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Re: WILL IT HURT MY SCORE

You have good cards. I would just focus on making payments on-time for right now and asking for CLI's when the economy starts getting better. Payment history is a big part of your credit report and now is the perfect time to work on it.

 

Also, since you paid for the collections, did you try arranging a PFD (Pay For Delete)?

New Contributor
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Re: WILL IT HURT MY SCORE

i didnt know i could do that, can i still call them back and ask em too
ch7 BK 09/2011

EQ ??? TU- Walmart FICO 630 4/12/13 EX FICO 639 Lender Pull 4/6/13
Established Contributor
Posts: 586
Registered: ‎03-03-2009
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Re: WILL IT HURT MY SCORE

It's probably too late because they would've done anything to get their money from you.
New Contributor
Posts: 73
Registered: ‎03-26-2009
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Re: WILL IT HURT MY SCORE

yeah probably especially considering i called and volunteered to pay the amount due.... kinda naive but wanted it paid so it would stop haunting me
ch7 BK 09/2011

EQ ??? TU- Walmart FICO 630 4/12/13 EX FICO 639 Lender Pull 4/6/13
Regular Contributor
Posts: 157
Registered: ‎01-30-2009
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Re: WILL IT HURT MY SCORE

you can send a goodwill letter to the collection agencies requesting they remove the derogatory items from your CR. Many will not, but its worth a try!!

 

 

Established Contributor
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Registered: ‎03-03-2009
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Re: WILL IT HURT MY SCORE


Credit_repair wrote:

you can send a goodwill letter to the collection agencies requesting they remove the derogatory items from your CR. Many will not, but its worth a try!!

 

 


 

Good idea!
Established Contributor
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Re: WILL IT HURT MY SCORE


YoungEntrepeneur wrote:

Credit_repair wrote:

you can send a goodwill letter to the collection agencies requesting they remove the derogatory items from your CR. Many will not, but its worth a try!!

 

 


 

Good idea!

 

Make sure that you state (in the letter) that

you voluntarily called them and offered to pay in full. 

New Contributor
Posts: 73
Registered: ‎03-26-2009
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Re: WILL IT HURT MY SCORE

ok so in other words use that to my advantage, and also is there anywhere i can find an outline for a goodwill letter and who i should send it to (ie. gen mail, or specific person)
ch7 BK 09/2011

EQ ??? TU- Walmart FICO 630 4/12/13 EX FICO 639 Lender Pull 4/6/13
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