1st the bad.... CA from 2005 paid $0 balance...... Already sent a GW to delete 1/14/2011
Judgement 2008(state tax lien) $1700 i have been paying theme $120 per mnth, should be done by 6/2011.....
Credit One Bank CO 2005 - I paid CA in 2007 now reporting "sold to another lender" with a zero balance.....
BOA CO 1/2010 - bal $360 ( resulted from a fee dispute, but the joke was on me for not paying) CA not reporting but called me last week with sttl offer
Target - opened in 2003 last 36 months great hist...got hit with a 30 day marker in 11/2010
Toyoyta - opened in 2007, 4x30 day markers, last one 11/2010 the one prior was 6/2009
wheh! now the start of the rebuild.......Citi Secured loan - $1000/12 month.....opened 11/2010 - paying a agreed
First Premier Visa - $300 CL - opened 1/2011 - paying as agreed
Hi, Jeff
Credit score improvement starts at one place.
A complete listing, by month/year and level of severity of each and every derog in your CR. View your CR in terms of derogs, not accounts.
Focus first on the monthly delinquencies reported on each of your OC accounts. Just add 7 years to the date of occurance of each monthly delinquency, and that tells you when that individual delininquency will cease to be included in your CR under FCRA 605(a)(5) Prioritize those monthly delinquencies based on how new they are, and of course, their level of severity (e.g., 30/60/90+ days late). tells you where to priortize your GW or PFD offers.
Then focus on your reported charge-offs and collections. Their dates of charge-off or collection reporting are not the relevant dates you need to know.
Using the information you listed under step one, identify for each CO or CA, the monthly date of your first monthly delinquency under the OC account that was your first delinquency in any chain of most recent delinquencies thatn preceded the CO or CA. That date is what is commonly called your legal date of first delinquency, or simply your DOFD. Under FCRA 605(c), no credit report issued by a CRA can continue to include any CO or CA reported, after a date of your DOFD plus 180-days, plus 7 years.
Paying the debt on any reported CO or CA has no impact on your FICO score. To also get CR deletion prior to the 7 1/2 period requires, if the debt is unpaid, a prior PFD agreement from the party who reported the derog, or if it is paid, a request for GW deletion.
Your unpaid tax lien is probably your longest and most severe post to your CR. Tax liens are the one single item in your credit file that base CR deletion, not on date of occurance of the derog, but rather on your date of payment. FCRA 605(a)(3). If your final date of payment of this tax lien is expected in 6/2011, it will remain as a major CR derog until after 6/2018.
