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I started out with:
5 public records
32 collections
2 student loans in default
2 student loans paid off and everything reported is in good standing
1 tax lien
1 inquire
Since March when I started my major repair of my credit I now have:
1 public record (unpaid but getting very close to being paid off)
8 collections (2 paid for delete but not deleted yet, one will age off in July and the remaining 5 are medical that is a result of my one remaining judgment)
2 student loans in good standing
2 student loans rehabbed but the rehabb is not showing up yet
1 secured Visa for $500 but not reporting as secured.
2 inquires
I started out with a score of 553 and got it up to 615 and now it is back down to 554. Why am I going backwards? The scores are from this website.
What do I do next? I am working on paying off the judgment and hoping I can get them to delete the 5 remaining collections otherwise I will try the HIPPA process. I am also hoping to get them to vacate the judgment. I have had the Visa for 7 months and it is always reporting as good. It does have about 40% utilization but I will pay that down to 0% this week. Waiting on the DOE to pick up my loans and remove the default status. My goal was to buy a house when I started this last year and now I am in no better shape and I have paid off nearly $100,000 in collections and judgments.
Would love some feedback!
When did your score drop from 615 to 554? Was anything new added?
It has been little drops every week for the past few months. Nothing more than 5 pts at a time.
This past one was because all of a sudden one of my negative student loans started reporting twice. I called DOE and they said it was a computer glitch and to dispute both the original account and the duplicate that showed this month. I did that yesterday and today I got a score alert that my score dropped another 9 pts. Last week when I got my score alert it was because the duplicate showed up and that dropped me 7 pts. The week before I had a collection fall off and that dropped me 6 pts.
I went 3 months with no change in scores and since December every week I keep falling. Would all the collections coming off be affecting my AAOA? If so, this is a damned if you do and damned if you don't situation I am in.
Collections from a 3rd party CA are not included in AAoA.