@BGMWPD320 wrote:It looks like 2016 will be good year for my credit to improve. I just reviewed my TU report and found that the following negative accounts will fall off during 2016:
BANK OF AMERICA
05/16
CAPITAL ONE BANK USA NA
04/16
HSBC BEST BUY
04/16
CAVALRY PORTFOLIO SVCS
05/16
MIDLAND FUNDING LLC
08/16
My credit scores are HORRIBLE right now (TU 548, Experian 532, and Equifax 544). Do you think I will see any kind of significant bump due to these falling off? I just applied for and was approved for two new credit cards with Capital One.
If these are the only derogs on your report yes you more than likely will get a little bump in Fico score as they leave with the biggest bump when the last one goes. Good on getting the 2 Cap-1s if those are the only 2 you have you need to have one more to drive your Fico scores but you can wait till those new ones report.
