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Established Contributor
Posts: 568
Registered: ‎08-24-2012
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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
Established Contributor
Posts: 982
Registered: ‎03-22-2012
0

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 658 6/18/12
Current Score: EQ 690 11/17/14 - EX 687 7/21/14 - TU 701 12/8/14
Goal Score: EQ 720+
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Established Contributor
Posts: 568
Registered: ‎08-24-2012
0

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. :smileysad:   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
Established Contributor
Posts: 982
Registered: ‎03-22-2012
0

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 658 6/18/12
Current Score: EQ 690 11/17/14 - EX 687 7/21/14 - TU 701 12/8/14
Goal Score: EQ 720+
Take the FICO Fitness Challenge

Moderator
Posts: 12,952
Registered: ‎04-15-2011
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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!
Established Contributor
Posts: 568
Registered: ‎08-24-2012
0

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. :smileysad:

"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
Established Contributor
Posts: 982
Registered: ‎03-22-2012
0

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 658 6/18/12
Current Score: EQ 690 11/17/14 - EX 687 7/21/14 - TU 701 12/8/14
Goal Score: EQ 720+
Take the FICO Fitness Challenge

Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

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!

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