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How bad is it affecting?

Established Contributor

How bad is it affecting?

The 2 paid chargeoffs that I have with the same CU, (the one that is NOT responding to GW emails!) one from 2005 for $19.00 overdraft, (really?yeah,hmph) and the other from 2006. How bad are they affecting my report/score??

"When you are down in the mouth, remember, everything turned out ok for Jonah."

Current FICO's(by lender) 10/9/12
EX:649, EX:651, TU:683
Message 1 of 8
7 REPLIES
Valued Contributor

Re: How bad is it affecting?

People on this forum have reported a 25 to 40 point bump to their scores when a 7 year old collection has aged off their reports. Of course YMMV.


Starting Score: EQ 653 6/21/12
Current Score: EQ 703 8/5/17 - EX 743 8/5/17 - TU 731 8/5/17
Message 2 of 8
Established Contributor

Re: How bad is it affecting?

THAT would be awesome. Though it does look like I still have quite a bit before they age off. Smiley Sad   And the CU is not responding to my GW efforts.

"When you are down in the mouth, remember, everything turned out ok for Jonah."

Current FICO's(by lender) 10/9/12
EX:649, EX:651, TU:683
Message 3 of 8
Valued Contributor

Re: How bad is it affecting?

Are they the only baddies on your report?

 

Shouldn't the CO from 2005 be aging off soon?


Starting Score: EQ 653 6/21/12
Current Score: EQ 703 8/5/17 - EX 743 8/5/17 - TU 731 8/5/17
Message 4 of 8
Moderator Emeritus

Re: How bad is it affecting?

They are definitely on life support.  Should be aging 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!

June 2017 update: All scores over 820, just pure gardening now.
Message 5 of 8
Established Contributor

Re: How bad is it affecting?

Other than the dispute with EX that is due results on the 12th, they are the only baddies on there. They are both paid. I would have thought at least the 2005 one would be gone, but it's still hanging on. Smiley Sad

"When you are down in the mouth, remember, everything turned out ok for Jonah."

Current FICO's(by lender) 10/9/12
EX:649, EX:651, TU:683
Message 6 of 8
Valued Contributor

Re: How bad is it affecting?

I beleive the longest it can stay on your report is 7.5 years from the date of first default. Is there a date specified on your report? You could then determine when it will age off.


Starting Score: EQ 653 6/21/12
Current Score: EQ 703 8/5/17 - EX 743 8/5/17 - TU 731 8/5/17
Message 7 of 8
Moderator Emeritus

Re: How bad is it affecting?

+1 there should be an expected deletion date posted.  That way you'd know when it would fall 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!

June 2017 update: All scores over 820, just pure gardening now.
Message 8 of 8