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Waited for a 7 year old paid charge off to drop off and ?????

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traveler2005
Established Contributor

Waited for a 7 year old paid charge off to drop off and ?????

Smiley Mad

 

I had a first premier paid charged off account drop off the other day on my equifax report, and what did I get?   Not even 1 single point. Yep 7 years and no increase.

Am I glad that its gone, you bet! But it would have been nice if I could have gained at least a few points. Oh well !!!!!! 





Starting Score: TU 573 Exp 523 Lender Pull, Eq 583
Current Score: TU 673, Exp 664.,Eq 672 04/17/2015 TU 741 Equifax 682 Experian 678

Goal Score: 700 across the board


Take the FICO Fitness Challenge

Last HP 6/10/2015
Message 1 of 7
6 REPLIES 6
myjourney
Super Contributor

Re: Waited for a 7 year old paid charge off to drop off and ?????

Congrats 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 7
from500to700
Regular Contributor

Re: Waited for a 7 year old paid charge off to drop off and ?????

even without points increase since it is too old , it will help you in manual reviews and recon if needed.


Started :
05/05/2013 EX :525,TU:542,EQ:535
09/30/2014 EX :655,TU:669,EQ:664
In Garden Since 03/16/2013
Will not Apply till 03/31/2015
Message 3 of 7
mongstradamus
Super Contributor

Re: Waited for a 7 year old paid charge off to drop off and ?????

I guess it really is YMMV situation.I had an paid charge off fall off credit report and scores went up by sixty to seventy points.I am guessing really depends on what else is on your CR



EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16
Message 4 of 7
polno1234
Contributor

Re: Waited for a 7 year old paid charge off to drop off and ?????

expect the worse everytime and when something positive happens you will be elated..... because you weren't expecting it. Smiley Wink

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15
Message 5 of 7
traveler2005
Established Contributor

Re: Waited for a 7 year old paid charge off to drop off and ?????

wan't really expecting, but was hoping   LOL!





Starting Score: TU 573 Exp 523 Lender Pull, Eq 583
Current Score: TU 673, Exp 664.,Eq 672 04/17/2015 TU 741 Equifax 682 Experian 678

Goal Score: 700 across the board


Take the FICO Fitness Challenge

Last HP 6/10/2015
Message 6 of 7
RobertEG
Legendary Contributor

Re: Waited for a 7 year old paid charge off to drop off and ?????

Scoring of payment history is not plain vanilla.  It is based on an overall categorization of remaining derogs.  If any oher major derogs stll remain, your scoring is under a less favorable categorizatio/scoring bucket.

Once your file becomes clear of all major derogs, you should see a more signific\nt impact on scoring.

Message 7 of 7
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