EX settled CO Removed- Expected Score Increase

Gingi · ‎09-07-2023

My last baddie, a settled CO, was scheduled to fall off my reports last month due to NYS's 5 year early purge rule. It fell off my EQ & TU reports automatically but is still listed on my EX report with a June 2025 fall off date. Spent 3 hours trying to get through a live person who could help at EX and it seems my persistence paid off. It took the CSR 32 minutes to process it but he said he deleted the account from my EX report but it would take 24-72 hours to reflect. Current Fico 8 is a 706. How much can I expect my score to go up? Will I finally hit the elusive 740 EX Fico?! (I still have a 2.5 year old 30 day late on a account that is open & current but I believe after 1 year, lates don't have a significant impact on Fico scores?)

AMEX PLATINUM-AMEX GOLD-VENTURE X 17,000-VENTURE ONE 3,600-OPENSKY $600- Bilt MC $4,000- local CU MC $5,000 (8% fixed)

BIZ CCs: Chase Ink Preferred $15,000-Chase Ink Unlimited $6,500-Amex BBC $9,500-Amex BBP $22,000

coldfusion · ‎09-07-2023

If you have a 30 day late reporting you still have a baddie.

The adverse effect on ones scores of a reporting 30 day late payment gradually dissipates over time but one still exists until it falls off whch by default is in 7 years.

Everyone is different; it's quite possible to have FICO scores well above the 740 mark with a 30 day late reporting but when in your case that might happen is purely speculative.

(3/2024)
FICO 8 (EX) 846 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion

SouthJamaica · ‎09-07-2023

@Gingi wrote:
My last baddie, a settled CO, was scheduled to fall off my reports last month due to NYS's 5 year early purge rule. It fell off my EQ & TU reports automatically but is still listed on my EX report with a June 2025 fall off date. Spent 3 hours trying to get through a live person who could help at EX and it seems my persistence paid off. It took the CSR 32 minutes to process it but he said he deleted the account from my EX report but it would take 24-72 hours to reflect. Current Fico 8 is a 706. How much can I expect my score to go up? Will I finally hit the elusive 740 EX Fico?! (I still have a 2.5 year old 30 day late on a account that is open & current but I believe after 1 year, lates don't have a significant impact on Fico scores?)

Even though you still have the 30 day late, you may well hit 740. Good luck with it.

Unify FCU Platinum Visa Variable Rate 35k

TD Bank Business Solutions Visa (Bus) 25k

FNBO Evergreen Business Edition Visa (Bus) 20k

Liberty (formerly Evansville Teachers) FCU Platinum Prime Plus MC 15k

US Bank Triple Cash Rewards Visa (Bus) 12k

SEG-fenced credit union Platinum Visa 10500

Comenity AAA Travel Advantage Visa $6200

Members 1st FCU Low Rate Platinum Visa 5k

PLOC: Langley FCU 40k; Penfed CU 15k; NFCU 15k; Teachers FCU 15k; Affinity FCU 10k. BLOC: NFCU 5k

Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 691

Gingi · ‎09-08-2023

UPDATE: Settled CO was removed from my report 3 hours after getting off th ephone with Experian & my Fico 8 score jumped a whopping 51 points to a 757!!!

AMEX PLATINUM-AMEX GOLD-VENTURE X 17,000-VENTURE ONE 3,600-OPENSKY $600- Bilt MC $4,000- local CU MC $5,000 (8% fixed)

BIZ CCs: Chase Ink Preferred $15,000-Chase Ink Unlimited $6,500-Amex BBC $9,500-Amex BBP $22,000

Jeffster1 · ‎09-08-2023

@Gingi wrote:
UPDATE: Settled CO was removed from my report 3 hours after getting off th ephone with Experian & my Fico 8 score jumped a whopping 51 points to a 757!!!

Congrats! Way to go! Persistence pays off.

FICO 8 (3/1/24) EX 805 EQ 824 TU 844
FICO 9 (2/17/24) EX 821 EQ 778TU 850
I practice AZEO - NEVER above 1% utilization across all cards.

Current lineup as of 9/23
American Express Gold | American Express Blue Cash Everyday 11K | American Express Blue Cash Preferred 10K I American Express Marriott Bonvoy Bevy 5K I American Express Hilton Honors Surpass 3K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | TD Bank Double Up Visa 4K | USBank Platinum Visa 5K | BMO Harris Cash Back MasterCard 12K | Capital One SavorOne MC 3K | Capital One Walmart MC 2K | NFCU Amex 15K | NFCU CashRewards Visa 20K I Citi Best Buy Visa 10K I Macy’s Amex 4K I Bread Financial American Express 8K l AAA Daily Advantage Visa Signature 6K I Wells Fargo BILT World Elite MC 30K I BCU Cash Rewards Visa 8K I Chevron Techron Advantage Visa 2.5K I JCPenney Mastercard $6K I UCLA Wescom CU Rewards Visa 7K I

JoeRockhead · ‎09-11-2023

@Gingi wrote:
UPDATE: Settled CO was removed from my report 3 hours after getting off th ephone with Experian & my Fico 8 score jumped a whopping 51 points to a 757!!!

Nicely done, congratulations!

MeredithLepore · ‎09-13-2023

Congrats buddy!!

SouthJamaica · ‎09-13-2023

@Gingi wrote:
UPDATE: Settled CO was removed from my report 3 hours after getting off th ephone with Experian & my Fico 8 score jumped a whopping 51 points to a 757!!!

Nice

Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 691

FireMedic1 · ‎09-13-2023

Congrats! Nice rebound.

Aspireto850 · ‎09-23-2023

OMG that is amazing. How on earth did you convince EXP to remove it 2 years early? Sell me that secret sauce please!