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Can you get to 660 with a charge off??.

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Anonymous
Not applicable

Can you get to 660 with a charge off??.

The charge off is from April 2011. I'm at 610 and 640 using score watch now....I have no other collections and my most recent late payment is in October... Utilization is at 28%and will be reduced to 7% on one of three cards. Most recent inquiry march2010. P.S. Scorewatch predicts I can this month. Opinions???
Message 1 of 11
10 REPLIES 10
NikJ4
Established Contributor

Re: Can you get to 660 with a charge off??.


@Anonymous wrote:
The charge off is from April 2011. I'm at 610 and 640 using score watch now....I have no other collections and my most recent late payment is in October... Utilization is at 28%and will be reduced to 7% on one of three cards. Most recent inquiry march2010. P.S. Scorewatch predicts I can this month. Opinions???

Yes, once you pay down and let time work for you, the scores will rise!!

Message 2 of 11
Bcunniff9
Regular Contributor

Re: Can you get to 660 with a charge off??.

I have one CO from 2009, TU is 659, I still have a collection with my last late from 2/2010. My util is 30%. So it's totally possible, but each persons CR is unique with regards to AAOA, total CL, type of accounts ...
BK7 Filed | 3/25/2016 | EQ: 530 | EX: 526 | TU: 505
BK7 Discharged | 7/11/2016 | EQ: 535 | EX: 574 | TU: 506
Current FICO 8’s 10/28/2017 | EQ: 680 | EX: 680 | TU: 665
Message 3 of 11
Anonymous
Not applicable

Re: Can you get to 660 with a charge off??.

Should I put much stock in score watch??
Message 4 of 11
MamboItaliano
Frequent Contributor

Re: Can you get to 660 with a charge off??.

I have a Best Buy CO from 2008 sitting on all 3 of my reports. 

Re-entered the garden on 9/16/2013.


Starting Score: (TU) 517 (EQ) 469 (EX) 519 (6/1/2010)
Current Score: (TU98) 714 (TU04) 712 (EQ Beacon 5.0) 672 (EX -FICO v2) 724 (6/13/13)
Goal Score: 700 Club for all 3 (2 out of 3 so far)


Take the FICO Fitness Challenge
Message 5 of 11
Bcunniff9
Regular Contributor

Re: Can you get to 660 with a charge off??.

I think it's a great product, but the simulator is only a computerized guess, don't rely on it for accurate future scoring information. I personally don't pay attention to the simulator.
BK7 Filed | 3/25/2016 | EQ: 530 | EX: 526 | TU: 505
BK7 Discharged | 7/11/2016 | EQ: 535 | EX: 574 | TU: 506
Current FICO 8’s 10/28/2017 | EQ: 680 | EX: 680 | TU: 665
Message 6 of 11
Anonymous
Not applicable

Re: Can you get to 660 with a charge off??.

It has been somewhat accurate but that probably is coincidental. Sigh.
Message 7 of 11
Anonymous
Not applicable

Re: Can you get to 660 with a charge off??.

Wish I could just let one of the super contributors comb my reports and help me decide when I should apply for a mortgage. I wanna pull.my hair out.
Message 8 of 11
FrugalRican
Blogger

Re: Can you get to 660 with a charge off??.

That charge-off is pretty recent. And then you have lates from October 2011.

 

If you asked me whether you could get to 760 with those things, I'd say no.

660, it's possible.

 

I had a CO and a score of 656, but my CO was from 2008, no other lates.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 9 of 11
Anonymous
Not applicable

Re: Can you get to 660 with a charge off??.

I hope so! Good luck!

Message 10 of 11
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