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What should I expect?

Regular Contributor

What should I expect?

OK, I just order Score Watch and I am at a dismal 526 Fico score. Smiley Sad I am sending out 3 letters tomorrow- 2 GW letters to try to get 2 30 day late pays deleted off of 2 different CC's and 1 to get a collection off (it was a medical collection that has been paid for a year now- i keep calling and they say they're going to update it but they dont). If I get all 3 of these removed, what kind of increase could I expect in my score?
 
I also have 4 CC's that have been charged off- 2 have been settled in full. (I'm working on saving the money for the other 2). Do you think I could try to GW the 2 that have been paid to see if they can update the status from CO to closed? They've only been paid for a few months, think its too much to ask that they change the status already?
 
What can I possibly do to get these 4 accounts fixed to raise my score? Everything else on my report is good- student loans, car loans, and 1 credit card are all in good standing, never late. If I can get the 2 lates and that stupid erroneous collection off, then all that will be left are those 4 Co's. What can I do about those???
 
Any advise would be greatly appreciated! I am sooooo tired of being part of the 500 club!!!!
 
Message 1 of 4
3 REPLIES
Moderator Emeritus

Re: What should I expect?

The CO status(S) are hurting along with the are likely being counted in UTL- 
 
I say send the GW on the paid CO's-
 
PFD the reaming CO's-
 
Message 2 of 4
Regular Contributor

Re: What should I expect?

Thanks for the reply. So how do you think I should word the PFD's on the 2 unpaid COs? Can they inlcude the balance on a closed account towards my ultil??
Message 3 of 4
Moderator Emeritus

Re: What should I expect?

I am not an Expert PFD writer-  lots of example letters floating around-  I say a short, honest approach is best.
 
But YES they can use the CO's balance on revolving UTL-
Message 4 of 4