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Anyone have experience on unpaid charge offs that fall off and how much score increase they have?
I have 2 unpaid charge off's and 2 collections and 1 paid charge off all about 6 years old. I'm counting the days until they are removed.
Some see scoring increases
Some see no movement at all
Each file is different IE thick/thin which factors into it a lot
The good news is it will make your CR's look better either way and you've probably actually seen slight increases over time as they aged
Well they are right . that each one is different .. but i will give you my example. last month. like you. i had old charge off. but i found out i can get it off now instead of waiting. because of new information. well. i called transunion up. and said. i would like to dispute this charge off. as obsolete and old. also had fed case number. as bank was sued. for predatory practices. anyway. athey removed old charge off. got a71 point boost. from 637 to 708. that was august 7th.
now. we go to equifax.
They removed charge off. a couple days later. and i only got a 10 point bump. What??i can 't beleive it.
My equifax was 701 in may. the i thought i was smart. and paid and old collection. The moment they changed the status. my equifax crashed.
All the way down to 663.. fell even further. after i got my discover it. to 653. after charge off. went up to 663 where it currently sitting.
Experian. after charge off. from 669 to 683 where it sits not.
none of this makes sense. why such big boost with transunion. and little bumps with equifax and experian. so no one knows is the bottom line. each person is different.
I had a similar effect with Transunion and a dump in score with Equifax. As a matter of fact when I went through my credit reports side by side, I noticed that transunion did not have any lates --- not saying that you do. In my particular case, the jump in score --- if you want to call it that - was greater on the Transunion side than on equifax.
Now if I could just get a boost to get me to the mid 600s.....I'd be happy for a minute or so.....
@taxi818 wrote:
you are trying for 600s. I'm trying to get all 3 in the low 700s. Then I can do my happy dance.
I figure I need to set achievable short term goals.....but the long term goal is a whopping 700-720. I'm taking baby steps.
That's awesome. Yea I've noticed my scores have gone up 50 points since January of 2013. That is having 2 CC's and paying a Student loan and car payment on time. I was just curious to see when they all fall off I'm sure it will go up, the question is how much. Waiting is the crappy part! lol
+1
Keep both your credit and your body in top shape!