10-04-2012 08:17 PM - edited 10-04-2012 08:21 PM
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.
10-05-2012 03:28 PM
anyone have an idea how long it will to gain climb up again?
10-05-2012 06:17 PM
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!
10-05-2012 06:28 PM
10-05-2012 06:32 PM
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.