01-07-2013 11:01 PM
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!
Potentially Negative Closed
2501 SEAPORT DR STE BH30
CHESTER, PA 19013
|Account Name||WFFINANCE||WELLS FARGO FINANCIA||WFFINANCIAL|
|Account Type||Auto Loan||Installment||Installment account|
01-07-2013 11:18 PM
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.
01-08-2013 07:06 AM
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 664, TU FICO 683, EX FICO 698 | Starting Score: 525 (05/2012)|
Starting total revolving credit: $1100 | Current total revolving credit: $7000
Inquiries (12 Months): EQ 3 TU 2 EX 2 | Most Recent: 1/8/2013
|AMEX Gold NPSL|
DCU Visa $2000
Cap1 Cash Rewards $2000
BOA Platinum $600
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO