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Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
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Re: Credit Reporting Time Periods



jdcg21 wrote:
what im wondering is that if you pay off an account that has been to collections is it better on your credit score or is it the same. There are two accounts that have several 120day late hits.
Another question is there a way for the collection people to take off all the late dings?



You want it removed as that will give you the most points. Generally, paying the debt does little for your scores. Try a goodwill letter for late payments.
Established Member
Posts: 32
Registered: ‎05-11-2007
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Re: Credit Reporting Time Periods

Check you private message!!!
Schnuller
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Posts: 11
Registered: ‎05-19-2007
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Re: Credit Reporting Time Periods

Can u please give me a sample goodwill letter? I have a late pmt from 2 yrs ago, not my fault though. It was a change of address, never got my stmt, ........It is paid, but can I have it removed now.
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Posts: 6,182
Registered: ‎03-29-2007
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Re: Credit Reporting Time Periods



riteficos wrote:
Can u please give me a sample goodwill letter? I have a late pmt from 2 yrs ago, not my fault though. It was a change of address, never got my stmt, ........It is paid, but can I have it removed now.



Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
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Re: Credit Reporting Time Periods

So does this mean paid mortgages, auto, student and installment loans that are pif and closed fall off ten years later?  This seems like some perverted punishment.  Everyone's score will eventually start dropping.  But thank you for info, anyhow
Credit Profile:
FICO 9: EQ 833 ~ EX 828 ~ TU 824 (07-12-2017)
FICO 8: EQ 830 ~ EX 819 ~ TU 828 (07-12-2017)
FICO 8 Bankcard: EQ 851 ~ EX 849 ~ TU 851 (07-12-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 3% (1 CC reporting a balance)
Inqs: 1 EX (new)
14 Total Accounts on Reports: 9 open, 5 closed. 1 newly opened installment account
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
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Re: Credit Reporting Time Periods

Inquiries last for 2 years. Do they effect your score after 1 year?
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Established Member
Posts: 19
Registered: ‎05-08-2007
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Re: Credit Reporting Time Periods

Hi:
 
I filed BK-13 back in 1998 and I dispute it with the cb since it was still in my cr.  Well guess what!!!
I just received a letter from the cb saying that bk-13 stay for 10 years.  So I need to wait until 2/08
Good Luck!
Princess  sad woman
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
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Re: Credit Reporting Time Periods



ilovepizza wrote:
Inquiries last for 2 years. Do they effect your score after 1 year?

inquiries stay on reports pulled directly from the CRA's and most FAKO's for two years.  With FICO they only stay on your reports for one year and may or may not effect your scores for up to a year.
Credit Profile:
FICO 9: EQ 833 ~ EX 828 ~ TU 824 (07-12-2017)
FICO 8: EQ 830 ~ EX 819 ~ TU 828 (07-12-2017)
FICO 8 Bankcard: EQ 851 ~ EX 849 ~ TU 851 (07-12-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 3% (1 CC reporting a balance)
Inqs: 1 EX (new)
14 Total Accounts on Reports: 9 open, 5 closed. 1 newly opened installment account
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
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Re: Credit Reporting Time Periods

Thanks Smiley Happy
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
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Re: Credit Reporting Time Periods

[ Edited ]
Help. Disputing inquiries. What does/doesn't work when disputing inquiries.

I found the thread for inquiry dispute letters. Thanks.

Tried today, time will tell.

Message Edited by ilovepizza on 05-22-2007 03:15 PM
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc

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