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remove charge-off or keep for AAOA?

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Sneakytiki
Frequent Contributor

Re: remove charge-off or keep for AAOA?

I get it now, thank you for the info.

Starting Score-(01/2017): FICO ||EX:575--EQ:549--TU:588||
Current Score--(04/2018): FICO ||EX:686--EQ:697--TU:715||




Message 11 of 12
Anonymous
Not applicable

Re: remove charge-off or keep for AAOA?

Hi FirstAscent and other contributors

I am also in similar situation in which I am trying to improve my scores for best mortgage rates. Would like to know what did you do FirstAscent and how it affected your scores. I also have a charge off that I would like to remove hoping for a positive effect rather than a negative effect to improve my mortgage scores to > 750 for the best rates. I have already been approved for mortgage loan but just want the best rate at closing when the time comes but I don’t know whether to attempt to get the charge off remove or just leave it as and consider refinancing when scores are better as well as interest rates. Below is my stats for where I am now as well as my last report in December for which I will be getting new report at the end of this month. Any advice is welcomed for I have been on the rebuilding for 4 years now and reading this forum has greatly helped me. My last Report for FICO 8 and Mortgage
Equifax. Transunion. Experian
743. 730. 731
M: 721. 728. 720

Present scores: 753. 740. 741
Respectively

Credit Card total line of credit 181450 for 19 CC
Present CC with balances/util/ cc limit all other cc has 0 balances
Walmart: 4157. (27.7%) 15000
Discover: 2233. (18.7%). 11900
Am Xpress: 2649. (11.3%) 23450
Capital: 1271. (23.9%) 5300
TOTAL: 10310

Overall utilization @5.7%
Have SL and another account which are in perfect standings.
AAOA: @4 yrs
Oldest acct charge off with 9 yrs
Next oldest 5 yrs and others @ 2-4 yrs

Old charge off 1/2014 actually closed 10/2013 and I paid it off 11/2014
Account was open in 2010.
Only other derogatory is 2 -30 day lates in 11&12/2012 lates on a closed account
that was in good standing since then.

Thanks again for any replies.
Message 12 of 12
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