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Regular Contributor
CC40
Posts: 105
Registered: ‎10-31-2010

Chase CC deleted

I had a charge off with Chase back in 2008.  I sent a GW letter asking for deletion of the neg info.  Just got a call that they are willing to delete the entire account, but not just the neg info.  I accepted, of course, but I am wondering how this will change my score.  I have other accounts just as old for the age factor piece of my score.  Is this a good settlement?

Established Contributor
2NE1
Posts: 914
Registered: ‎12-06-2011

Re: Chase CC deleted

You made a great choice. I had two Chase COs from 2010 (opened since '07) and I had their TLs removed, it helped my score by raising it, I don't know exactly by how much but it definitely improved it cause those derogs weren't gonna go away till 2017!

Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620 for starters! :smileyvery-happy:
Take the FICO Fitness Challenge! | Platinum Spade Garden Club Member - GC Challenge: App free since 7/2012
Established Member
nws2002
Posts: 19
Registered: ‎07-23-2009

Re: Chase CC deleted

Just curious, were these paid CO or did they have an oustanding balance?

Established Member
cmelvin62
Posts: 23
Registered: ‎01-02-2012

Re: Chase CC deleted

Oh my goodness, how? Did you have to pay for the deletion. I have three CO with Chase from 2006 that should be IIB. But if I can at least ask for deletion I will. Can you share more detail about the GW letter. Thank you very much!

Starting Score EQ 568 EX 638 TU602
Current Score: EQ NFCU 68810/12 TU MyFico 9/12 678 EX USAA 660 10/12
Goal Score: 700 middle
Established Member
cmelvin62
Posts: 23
Registered: ‎01-02-2012

Re: Chase CC deleted

Also, can someone help me figure out how to update my score. Thank you!

Starting Score EQ 568 EX 638 TU602
Current Score: EQ NFCU 68810/12 TU MyFico 9/12 678 EX USAA 660 10/12
Goal Score: 700 middle
Established Contributor
2NE1
Posts: 914
Registered: ‎12-06-2011

Re: Chase CC deleted


nws2002 wrote:

Just curious, were these paid CO or did they have an oustanding balance?


One CC was paid to them (paid in full), the other CC was sold to a CA.

Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620 for starters! :smileyvery-happy:
Take the FICO Fitness Challenge! | Platinum Spade Garden Club Member - GC Challenge: App free since 7/2012
Regular Contributor
CC40
Posts: 105
Registered: ‎10-31-2010

Re: Chase CC deleted

I just read other posts on here about success with Chase (never imagining that it would work).  It was a paid charge-off though.  I just explained my story and they called me today.  The gentleman said he would be sending a letter to the effect.  I can't wait to get it in my hand!

Established Contributor
2NE1
Posts: 914
Registered: ‎12-06-2011

Re: Chase CC deleted


cmelvin62 wrote:

Also, can someone help me figure out how to update my score. Thank you!


You mean the scores on your signature? Just go to the third link (My Settings) on the upper right side and look for the signature box. :smileyhappy:

Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620 for starters! :smileyvery-happy:
Take the FICO Fitness Challenge! | Platinum Spade Garden Club Member - GC Challenge: App free since 7/2012
Regular Contributor
CC40
Posts: 105
Registered: ‎10-31-2010

Re: Chase CC deleted

I read somewhere though that you don't want the entire CC history deleted because it can actually backfire on a FICO score. ?????????????  They are deleting the years that I did pay on time everytime as well as the negative.  It was a 7 year old car.  That is why I posted.  I was concerned it may not have the immediate benefit I am hoping for.  Wanted some input.

Established Contributor
2NE1
Posts: 914
Registered: ‎12-06-2011

Re: Chase CC deleted


DixieGirlx3 wrote:

I read somewhere though that you don't want the entire CC history deleted because it can actually backfire on a FICO score. ?????????????  They are deleting the years that I did pay on time everytime as well as the negative.  It was a 7 year old car.  That is why I posted.  I was concerned it may not have the immediate benefit I am hoping for.  Wanted some input.


Well that depends, how many lates did you had? Were there several 30+, 60+, 90+, 120+? Mine were bad from 30+ to 150+, it was worth losing those three years' history cause I would've had to wait seven years and constantly been explaining those lates to new creditors, etc etc.

Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620 for starters! :smileyvery-happy:
Take the FICO Fitness Challenge! | Platinum Spade Garden Club Member - GC Challenge: App free since 7/2012

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