07-02-2012 08:26 AM
Hard to say because I had no open cards and then I added myself to my spouse's cards as an authorized user and that produced a credit limit and increased the score a lot but then I also made quite a bit of other changes such as inquiries and PFDs to other collections that are deleted now.
07-02-2012 08:28 AM - edited 07-02-2012 08:30 AM
doubt it, it's listed as a collection account and owned by LVNV and original creditor : IDT-HSBCORCHARD GOLD - MCG. I've read that LVNV (Sherman Financial) never wants to do PFD and my spouse called on his cards for a PFD and they rejected it.
BBB the LVNV.. I had one hit prior to the mortgage..
They have an incorrect address reporting on credit reports.. if you send a DV letter to them, it bounces.. I would file a BBB complain, indicating you never recieved a dunning, the address on the credit report is incorrect, and they are reporting your account as a factoring account and not a collection..
many of us have had this removed in a matter of weeks going that route with LVNV
Hunter Warfield is a pain, they never do GWs but I was able to get it off my credit with a direct dispute to them (not the CRA) to their new address (not the one listed on the report) indicating the DOFD on my account was wrong, this lead to its removal.
07-02-2012 10:49 AM
I'm in the same boat; however, I will say that my LO told me that as of 7/1 (yesterday) you can't have collections exceeding $1,000 for a USDA loan. We're doing the guaranteed program--not sure if the same rule applies for direct.
07-06-2012 02:36 PM
Asset Acceptance just disappeared on it's own and I disputed Enhanced Recovery and it got deleted so now the Equifax score is at 634, it should be the new middle score. Having trouble with network collections, they showed a $0 balance but after I disputed it, it then went back to the old $82 and $83 balance and shows unpaid still.
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