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Early Delete/Exclusion

Valued Contributor

Re: Early Delete/Exclusion

EX will delete 3 months early, TU 6, EQ is hit or miss. Just need to speak to the right people.
Senior Contributor

Re: Early Delete/Exclusion

Me and my wife just got a mortgage for $325,000 the senior loan officer pulled a factual report on me and he saw a unpaid CC in collections from 15 yrs ago. It was for $565 luckily the underwriter didn't care. Unpaid debt never goes away!!!!!

Moderator

Re: Early Delete/Exclusion


DaBears wrote:

Me and my wife just got a mortgage for $325,000 the senior loan officer pulled a factual report on me and he saw a unpaid CC in collections from 15 yrs ago. It was for $565 luckily the underwriter didn't care. Unpaid debt never goes away!!!!!


Then that account slipped thru the cracks. I have over 70K in unpaid COs BK over the years and unpaid and not a single 1 shows as they are all past 10 yrs. The full factual report by the way has nothing to do with collecting info on unpaid debts that may or may not exceed the CRTP but an in depth exam, verification and compilation of what is being reported on your CRs... Very few use a FF report they are expensive and its only allowed on loans over 150K. Its a question you should ask a mortgage lender prior to apping and if they intended to run one find someone else...

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Regular Contributor

Re: Early Delete/Exclusion

Yes, you're right Gdale. I just spoke to a rep at EX this week asking about a collection account for which they granted early exclusion.  It was unpaid at the time of exclusion and later PIF.  I was under the assumption that the account would stay on my CR (just not shown with a simple pull), so I wanted to see about letting them know it was paid. 

 

Anyway, she told me the account was not on my CR.  She went on to explain that after an account reaches it's CRTP, they delete it! 

Starting Scores - Mid 500s - 10/2013

EX 706 (FICO 9/15) | EQ 710 (FICO 9/15) | TU 716 (FICO 9/15)

Quicksilver $12.8K | Freedom $1.5k | Discover It $11.5k | VS $1.2k | AMEX BCE $10k | Fidelity AMEX $10k | US Cash+ $9k | Citi DC $6.6k
Established Member

Re: Early Delete/Exclusion

Thanks for the input everyone. It makes me nervous that these accounts may show up to haunt me in the future.


Starting Score: 576
Current Score: 618
Goal Score: 700+


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Frequent Contributor

Re: Early Delete/Exclusion

I have one unpaid cc c/o set to fall off in July I have asked ex for early delete many of times - is it the term that I'm using ? What do you say when calling to get them to do this ? I don't want to dispute since I'm in the middle of a mortgage loan (I'm not feeling I will get approved Smiley Sad but I'm going to wait for an answer) my scores are suffering with ex and Tu because that cc is apart of my "revolving utilization" so I have $1300 worth of ccs all paid in full but I'm at a 40% util - if I get that removed I can gain enough to give me the max score and I will be way above the 640 min I need for a loan and that will be my last unpaid baddie bedsides my 2 med collections - help anyone ???
START (FICO): 1/28/2013 EQ: 499 EX: 558 TU: 536
Lender Pull:
UPDATED SCORE 10/2015: EX: 763 TU: 709 EQ: 720


GOAL 800 Across the board
Wallet:Credit One $600; NFCU (secured- Changed to unsecured) $7500; NFCU (Unsecured)$500- increase to $12,500 BOA: $1000 Home Depot/Lowes $800 each Childrens Place $350 Sams Club $800
Garden Time Smiley Happy
Valued Contributor

Re: Early Delete/Exclusion


lesse wrote:
I have one unpaid cc c/o set to fall off in July I have asked ex for early delete many of times - is it the term that I'm using ? What do you say when calling to get them to do this ? I don't want to dispute since I'm in the middle of a mortgage loan (I'm not feeling I will get approved Smiley Sad but I'm going to wait for an answer) my scores are suffering with ex and Tu because that cc is apart of my "revolving utilization" so I have $1300 worth of ccs all paid in full but I'm at a 40% util - if I get that removed I can gain enough to give me the max score and I will be way above the 640 min I need for a loan and that will be my last unpaid baddie bedsides my 2 med collections - help anyone ???

If you get your utlization down a little more you could have a big loan as well. But when you call, ask for an early exclusion from your credit report. 

I'm back rebuilding my credit again, sigh.
Established Contributor

Re: Early Delete/Exclusion

Earlier this week I got EX to remove a CO that was due to fall off in August, via phone. Just wanted to share my experience with it

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Frequent Contributor

Re: Early Delete/Exclusion

The chargeoff is only showing a monthly payment of like $20 or something so its not really affecting my loan amt or my DTI - its affecting my scores because its included in my current utilization so although all my "current" credit cards are paid in full the $700 goes against my other $1300 in paid off ccs- limiting me to only 620 lenders which there arent many that ive come across- only one would actually take my score that i app'd with. I called today and asked for an exclusion- i was told that the date it should actually fall off is in novemeber but they "purge" their systems in july so that is the earliest they will go Smiley Sad

 
START (FICO): 1/28/2013 EQ: 499 EX: 558 TU: 536
Lender Pull:
UPDATED SCORE 10/2015: EX: 763 TU: 709 EQ: 720


GOAL 800 Across the board
Wallet:Credit One $600; NFCU (secured- Changed to unsecured) $7500; NFCU (Unsecured)$500- increase to $12,500 BOA: $1000 Home Depot/Lowes $800 each Childrens Place $350 Sams Club $800
Garden Time Smiley Happy
Contributor

Re: Early Delete/Exclusion

What is the number to call for an early excluson for TU?

 

My rep....spoke fabulous English. Very proper English.  But I have this feeling I was not talking to the right person.

In the garden until October 2015!

Journey began 12/13
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Closed on my primary home and income property in December 2014!