Maybe not mid 700s but I would def say that a 710-720 score is in your realm of possibility!
@Anonymous wrote:My scores are all in the 670 to 680 range. Considering I started under 600 this makes me very happy. I'm wondering if it will be possible to go much higher with this charge off. It won't drop off until 2019.
I know now the charge off is a major derog but will it really hold my score down in the 600's until it falls off?. Is there anything I can do other than keep my util low and pay on time every month?. I will continue sending goodwill letters but I'm not very hopeful at the moment .
Yep... I'd bet the farm that it will.
I'm 2+ years post Ch 13 discharge (public record major derog) with a dozen IIB accounts... and I'm stuck in the 670-680 range until everything falls off in the next few months.
Scupra has 720's with a Ch 7 public record reporting... but all his IIB accounts have already fallen off.
A major derog... be it a BR public record or a CO will keep you in the upper 600's.
I think that you can get your scores in the low 700s. It really depends on the rest of your profile. Like I said before I had my scores in the low 700s 2yrs post BK. So it is possible.!!!
@CreditCuriousity wrote:
I am breaking the 700 barrier with a slew of 120 lates, a few CO's.. So ya it is possible. TU04 is 735 atm, TU08 710ish.. All about 4 years olds+.. Only CRA that the 04 score score is higher than the 08 and no real difference on what is reporting.. very strange.. Other two are around 685-690 atm, should break 700 when a CA gets removed being a medical one sometime this week so EX/EQ should be greater than 700 and TU should hopefully go up as well with a slew of inquiries. Util 1% on 110k in credit. AAoA 4-6 years. Think the fairly thick credit file is helping me and long aaoa.
Low 700's may be possible... after a few years. I don't see any chance of 750.
What's exciting to me is the score possibilities when I have the Ch 13 PR and dozen IIB accounts all falling off at the same time. If I'm 670-680 with them still reporting after 6+ years... what kind of a score boost can I expect?
I'm being generous when I say 70 points on each CRA... which would put me 750 across the board. I have 5 student loan accounts backdated to 2001 which will boost my AAoA quite a bit and hopefully offset the AAoA loss when the IIB accounts fall off.
@TRC_WA wrote:
@CreditCuriousity wrote:
I am breaking the 700 barrier with a slew of 120 lates, a few CO's.. So ya it is possible. TU04 is 735 atm, TU08 710ish.. All about 4 years olds+.. Only CRA that the 04 score score is higher than the 08 and no real difference on what is reporting.. very strange.. Other two are around 685-690 atm, should break 700 when a CA gets removed being a medical one sometime this week so EX/EQ should be greater than 700 and TU should hopefully go up as well with a slew of inquiries. Util 1% on 110k in credit. AAoA 4-6 years. Think the fairly thick credit file is helping me and long aaoa.
Low 700's may be possible... after a few years. I don't see any chance of 750.
What's exciting to me is the score possibilities when I have the Ch 13 PR and dozen IIB accounts all falling off at the same time. If I'm 670-680 with them still reporting after 6+ years... what kind of a score boost can I expect?
I'm being generous when I say 70 points on each CRA... which would put me 750 across the board. I have 5 student loan accounts backdated to 2001 which will boost my AAoA quite a bit and hopefully offset the AAoA loss when the IIB accounts fall off.
I agree 750 isn't really possibly, but 700 for sure is as I am proof of this as well as many others... With that said score isn't everything as if I ever go into manual review then a UW can very well hold that against me or not even manual review it can see it and be a denial.. It is what is in the report, not the score.. Granted higher score usually equal better profile.
Never dealt with a BK, so not sure what kinda boost you are to expect to be honest.. I know when my lates and CO's finally fall off I should be in the 750-780 range based on where I am now, can't get much higher without a mortgage. Just setting myself for the best possible situation in 3 years when the final lates / co's fall off unless somehow i can get them removed, but not likely with Sallie Mae (lates) and Cap1 being a few of the CO's...
Also it is my student loans and 2 backdated amex's to 1990 that are saving my AAoA as all the cards you see in my signature are less than a year old and still 4-6 years AAoA.. thank god for those life lines 
@CreditCuriousity wrote:
@TRC_WA wrote:
@CreditCuriousity wrote:
I am breaking the 700 barrier with a slew of 120 lates, a few CO's.. So ya it is possible. TU04 is 735 atm, TU08 710ish.. All about 4 years olds+.. Only CRA that the 04 score score is higher than the 08 and no real difference on what is reporting.. very strange.. Other two are around 685-690 atm, should break 700 when a CA gets removed being a medical one sometime this week so EX/EQ should be greater than 700 and TU should hopefully go up as well with a slew of inquiries. Util 1% on 110k in credit. AAoA 4-6 years. Think the fairly thick credit file is helping me and long aaoa.
Low 700's may be possible... after a few years. I don't see any chance of 750.
What's exciting to me is the score possibilities when I have the Ch 13 PR and dozen IIB accounts all falling off at the same time. If I'm 670-680 with them still reporting after 6+ years... what kind of a score boost can I expect?
I'm being generous when I say 70 points on each CRA... which would put me 750 across the board. I have 5 student loan accounts backdated to 2001 which will boost my AAoA quite a bit and hopefully offset the AAoA loss when the IIB accounts fall off.
I agree 750 isn't really possibly, but 700 for sure is as I am proof of this as well as many others... With that said score isn't everything as if I ever go into manual review then a UW can very well hold that against me or not even manual review it can see it and be a denial.. It is what is in the report, not the score.. Granted higher score usually equal better profile.
Never dealt with a BK, so not sure what kinda boost you are to expect to be honest.. I know when my lates and CO's finally fall off I should be in the 750-780 range based on where I am now, can't get much higher without a mortgage. Just setting myself for the best possible situation in 3 years when the final lates / co's fall off unless somehow i can get them removed, but not likely with Sallie Mae (lates) and Cap1 being a few of the CO's...
Also it is my student loans and 2 backdated amex's to 1990 that are saving my AAoA as all the cards you see in my signature are less than a year old and still 4-6 years AAoA.. thank god for those life lines
Oh yeah I know score isn't everything. I was approved in December for a $6700 Sallie Mae with a 666 TU. My 16 months history with Barclay Apple card had more to do with my approval than my score... that and the fact I also had no new accounts or INQs in a year. I've seen 700+ people have to recon for the same card.
I'm pretty confident I'll be 750+... the reports I've seen have been 60-90 point gains when BR public record/IIB accounts fall off.
My cards will be 1-3 years old when my reports clear up... and I expect the same lifeline from my 2001 student loans. They only add up to about $5k total... but at $58 a month they'll be boosting my AAoA for quite a while.
But anyway.... yeah low 700's is definitely possible with a CO... that has aged a bit. Anything recent will most definitely keep you in the upper 600's as I originally said. 