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New Contributor
Posts: 60
Registered: ‎07-09-2012
0

GE/Walmart CLI and then Fico score tanks!

[ Edited ]

Couple days ago, i was celebrating for a $5500 CLI from GE. Today,  my transunion fico lost 19 point and equifax lost 15 points. Disappointment.

But its not tied to my GE increase.

 

I made a mistake of paying/settling an old charged off Kohls account.

had a balance of 219 and CL of 100.

i thought it was hurting my utilization (otherwise always <1%).

 

I pulled a new report from myfico and it shows recent delinquency

 

Do you guys think i might regain these points? or how soon can i recover?

 

i didnt want to see  640ish again.

 


Starting Score: 598
Current Score: Trans union fico 713 (myfico 11/1/2012), EQ fico 671, exp 666 by AMEX
Goal Score: 720 across

In my wallet: GE/walmart at $10500, 2 capital ones at $750 each, Elan financial at $400, Amex BCP-$1000, AMEX Gold Delta at $2500, Discover more at $6,000 and Chase freedom at $3000

Take the FICO Fitness Challenge
New Contributor
Posts: 60
Registered: ‎07-09-2012
0

Re: GE/Walmart CLI and then Fico score tanks!

anyone have an idea how long it will to gain climb up again?


Starting Score: 598
Current Score: Trans union fico 713 (myfico 11/1/2012), EQ fico 671, exp 666 by AMEX
Goal Score: 720 across

In my wallet: GE/walmart at $10500, 2 capital ones at $750 each, Elan financial at $400, Amex BCP-$1000, AMEX Gold Delta at $2500, Discover more at $6,000 and Chase freedom at $3000

Take the FICO Fitness Challenge
Moderator
Posts: 13,871
Registered: ‎04-15-2011
0

Re: GE/Walmart CLI and then Fico score tanks!

What's the DOFD of the account?  This will tell the CRTP of the item falling off.  Sometimes you will see quick drop like this, it'll factor back up.  The plus of it is this debt is now gone.  It can't come back to haunt you.  Time to send a GW letter to them.  Good Luck!



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Contributor
Posts: 60
Registered: ‎07-09-2012
0

Re: GE/Walmart CLI and then Fico score tanks!

Dofd is January 2015.

Starting Score: 598
Current Score: Trans union fico 713 (myfico 11/1/2012), EQ fico 671, exp 666 by AMEX
Goal Score: 720 across

In my wallet: GE/walmart at $10500, 2 capital ones at $750 each, Elan financial at $400, Amex BCP-$1000, AMEX Gold Delta at $2500, Discover more at $6,000 and Chase freedom at $3000

Take the FICO Fitness Challenge
Moderator
Posts: 13,871
Registered: ‎04-15-2011
0

Re: GE/Walmart CLI and then Fico score tanks!

2015?  That must be the day it's expected to fall off.  The DOFD would be 7 years +180 days before that.  So essentially this is a 5 year old delinquent account.  So it is aged.  Send the GWs, at worst it's on for a couple more years, at best you can GW it off.



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
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