Rebuilding Your Credit

[makeupgirl]

he opened the acct 12/07. The first 30day past due was 6/09. Account was charged off  12/09..SOL for arizona is 6 years I believe

[MarineVietVet]

I think what Shogun was trying to tell you is that because that score you got from Experian is not a true Experian FICO score you don't really know if his score is decent or not. Non-FICO scores can often be much higher or lower than a FICO score.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[guiness56]

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makeupgirl wrote:

Hi there...

I'm so confused about something. My husband's credit score is so decent (681) for having a 10k charge off from an auto loan. There was a second auto loan that he stopped paying in 2008, yet that one says it was satisfactorily closed, he NEVER settled or did anything with that account, he just simply stopped paying. What the heck? Its been 2 years since anything has been reported on that 2nd loan.

back to the first loan,  how can my husband's credit be a 681 with a 10k$ charge off that's only 1.5 years old??

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It's hard to say.  Is there any other negative things on his CR?

Could you post a screen shot of the 2 TLs.  Leave out personal information.

[Shogun]

Exactly Marinevet..  Thanks!!!!!

[makeupgirl]

no other negative accts...but a charge off that high is serious...

[makeupgirl]

oh and by the way, the 2nd loan was also for about 10k....so i cant imagine how they'd make such a big mistake

[guiness56]

These are not reporting as auto loans, they are reporting as revolving credit, like a credit card.

There are no CAs reporting for the CO?

I can't say what is going on but I don't think I would rock the boat by asking.

It could turn out much, much worse.

[makeupgirl]

Yeah they were motorcycle loans, I'm not sure why they're showing as charge accts.

and I dont understand all the abbreviation lingo here so I'm not sure what else you were saying, lol

[Shogun]

Have you pulled your free annual credit reports?  They may contain different information as that posted here, also just because it says one thing on one CRA doesn't mean it says it on all.  I would pull your free reports and see what's officially on your reports.

[guiness56]

Lol.  Look at the sticky in my signature Common Abbreviations.  That will help you.

I asked if there was a collection agency reporting the amount of the charge off.