Rebuilding Your Credit

[mariemeow77]

Hello,  I have been folowing these boards and have had some small successes with my scores. Right now I am sitting at about 593. I contacted Wells Fargo (info below) about a goodwill adjustment to get rid of my numerous lates with them. They sent me a letter in Nov 2012 saying that they were going to delete the entire TL. It has not been deleted off any of my reports yet. If I do get it deleted will it help my score? I have one collection that is newer than this and all the others are old collections I am dealing with one at a time. Thanks in advance!   WFFINANCE Potentially Negative Closed More Account Details Close Account Details 610-595-5300 2501 SEAPORT DR STE BH30 CHESTER, PA 19013
	Experian®	Equifax®	TransUnion®
Account Name	WFFINANCE	WELLS FARGO FINANCIA	WFFINANCIAL
Account #	XXXX	XXXX	XXXX
Account Type	Auto Loan	Installment	Installment account
Balance		$0.00	$0.00
Date Opened	2/1/2005	2/1/2005	2/21/2005
Account Status Closed Closed Closed Mo. Payment       Past Due     $0.00 Payment Status Paid, was past due 60 days Not more than two payments past due 30 days past due High Balance   $27,752.00 $27,752.00 Limit       Terms       Comments   PAID ACCOUNT / ZERO BALANCE AUTO Closed
24 MONTH PAYMENT HISTORY     2009       2010                       2011               Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 30 OK 30 OK 30 30 30 30 30 30 30 60 30 OK 30 OK 30 30 OK OK OK 30 OK OK 30 OK 30 OK 30 30 30 30 30 30 30 60 30 OK 30 OK 30 30 OK OK OK 30 OK OK 30 OK 30 OK 30 30 30 30 30 30 30 60 30 OK 30 OK 30 30 OK OK OK 30 OK OK

[Shogun]

You could lose some AAoA, they were minor derogs, but in the end, it's a baddie that will be gone.  Just make sure you replace with a good TL and keep getting those baddies off.

[Jutz]

I agree.  It might not help your score any, but it's going to help anytime you try to apply for another installment loan.  That's a lot of lates reported, it's best to try and start fresh.