cancel
Showing results for 
Search instead for 
Did you mean: 

To Delete or Not?

Established Member

To Delete or Not?

    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

610-595-5300
2501 SEAPORT DR STE BH30
CHESTER, PA 19013
 Experian®Equifax®TransUnion®
 
Account NameWFFINANCEWELLS FARGO FINANCIAWFFINANCIAL
Account #XXXXXXXXXXXX
Account TypeAuto LoanInstallmentInstallment account
Balance $0.00$0.00
Date Opened2/1/20052/1/20052/21/2005
    
Account StatusClosedClosedClosed
Mo. Payment   
Past Due  $0.00
Payment StatusPaid, was past due 60 daysNot more than two payments past due30 days past due
High Balance $27,752.00$27,752.00
Limit   
Terms   
Comments PAID ACCOUNT / ZERO BALANCE AUTOClosed
24 MONTH PAYMENT HISTORY
  
2009   2010           2011       
SepOctNovDecJanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAug
30OK30OK303030303030306030OK30OK3030OKOKOK30OKOK
30OK30OK303030303030306030OK30OK3030OKOKOK30OKOK
30OK30OK303030303030306030OK30OK3030OKOKOK30OKOK
2 REPLIES
Moderator Emeritus

Re: To Delete or Not?

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.

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.
Valued Contributor

Re: To Delete or Not?

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.

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL