Can you have a 700 fico score with derogs ?

[Isaiah2990]

I'm currently in the process of fixing my credit... My credit report isn't really pretty ..I currently have 3 chargeoffs: Creditone (PIF through MCM), Military Star Card (PIF), and First Premier (Settled). and also 2 collections: MCM (PIF) and LCA Services ($70 Medical collection PIF), and late payments on my car payment (about 13 since I got it in 2010 and 08/12 was my last 30 day). I wanted to know is there anyway possible I could get to 700 with these items on my report. I have tried to get both CA to delete they said no multiple times. I currently have a USAA secured and I'm an AU on my gf's walmart store card.. my score could be a bit higher but my util is high and I'm paying it down. Is it possible just wondering ?

And the mcm and first premier accounts haven't updated the balance to $0 yet and according to myfico it's factored into my util.

Thanks in advance!

[DiabolicallyRandom]

My Equifax FICO is currently at 691 with 3 negatives.  120 days late from 2008, paid charge off from 2008, and one collection from 2006.  Im still waiting on them to removed as promised, equifax seems to hate updating me.  I dont know if it makes a difference but none of my negatives were revolving accounts and i do have quite a few accounts aged at up to 10 years.

[DiabolicallyRandom]

Also waiting on my utilization to update. Its currently at 39%, but should drop below 20% this month.

[RobertEG]

With 5 major derogs, highly unlikely.

Payment history is the highest weighted scoring category.  How long before the major derogs become excluded?  Are they paid?

The next-most highly weighted category is util of credit.  If your current util is high, another major ding.

[Isaiah2990]

All my derogs are paid and they probably aren't coming off til 2017.

[DaBears]

---

@Isaiah2990 wrote:

I'm currently in the process of fixing my credit... My credit report isn't really pretty ..I currently have 3 chargeoffs: Creditone (PIF through MCM), Military Star Card (PIF), and First Premier (Settled). and also 2 collections: MCM (PIF) and LCA Services ($70 Medical collection PIF), and late payments on my car payment (about 13 since I got it in 2010 and 08/12 was my last 30 day). I wanted to know is there anyway possible I could get to 700 with these items on my report. I have tried to get both CA to delete they said no multiple times. I currently have a USAA secured and I'm an AU on my gf's walmart store card.. my score could be a bit higher but my util is high and I'm paying it down. Is it possible just wondering ?

And the mcm and first premier accounts haven't updated the balance to $0 yet and according to myfico it's factored into my util.

Thanks in advance!

---

+1 at Robert, The 120 day late is a major Derogatory and can affect your score for almost 7 yrs. If they are paid I would keep sending good will letters. 

[Isaiah2990]

Ehh.. This is gonna be a long 4 years ..

[jdirilo]

I would say it depends on your average age of accounts, I work at a credit repair co and just saw a customer who's score was 729 and he had a ton of baddies, lates, charge offs, but I think the average age of accounts is helping him a lot. So yes its possible

[Isaiah2990]

My aaoa is 2 years And I had established credit for 4 years. I had a lot of 6 month installment loans.

[mauve]

Good luck - I've found that a really rough estimate of the effect of utilization on my reports is around 10 points per 10% utilization.