Slowly getting my scores up there, 650 -674 right now, still disputing items.
Can anyone estimate bump being approved for folks 35 yo Amex perfect record will be to following:
Efx (648) 9 Year History Accounts: Cap 1 Bank Not on Record 12/1998 $1,283 Bad debt/collection This account has late payments in the past $386 High Balance (interest accounts for rest) Credit Card Citi Not on Record 6/2006 $10 OK No $10300 Limit Credit Card Citi Not on Record 6/2006 $0 OK No $7300 Limit NOTE THE SECOND CITI DOES NOT SHOW UP ON TU YET
Collections Collection agency [?] 905yc00000 Original balance [?] $643 Current balance (as of Jan 01,2008) [?] $0 Status (as of Jan 01, 2008) [?] Paid Date assigned [?] Jul 01, 2006 Date reported [?] Jan 01, 2008 Date last active [?] Aug 01, 2005
TU: 674 11 Year History Accounts: Capital One Bank 12/1998 $1,283 Charged Off This account has late payments in the past $386 High Balance Credit Card Discover Financial Servi 9/1996 $100 OK No Details Credit Card Citi Cards Cbsdna 6/2006 $23 OK No Details NOTE THAT THE DISCOVER DOES NOT SHOW UP ON THE EFX YET
The collection agency "Midland Cred" was hired to collect a debt of $1,583 originally owed to "Household" Collection agency [?] Midland Cred Original balance [?] $1,583 Current balance [?] $1,771 Status [?] Not Reported Date assigned [?] Nov 18, 2005 Date reported [?] Jan 19, 2008 Original lender [?] Household Collection on debt to: 01 Pacbell Cingular Wireless
The collection agency "Prof Coll Co" was hired to collect a debt of $1,367 originally owed to "01 Pacbell Cingular Wireless" Original balance [?] $1,367 Current balance [?] $1,267 Status [?] Not Reported Date assigned [?] May 12, 2003 Date reported [?] Dec 31, 2007 Original lender [?] 01 Pacbell Cingular Wireless
DISPUTING BOTH COLLECITONS
Public Records Paid federal tax lien Court of law [?] Not reported Case number [?] 30436 Date filed [?] Not reported Status [?] Not on Record Status date [?] 4/2001 Date reported [?] 3/2000 Amount [?] $1,047 Plaintiff [?] Not reported Defendant [?] Not reported
So any idea on these;
1) If I get AU on parents Amex and bump good credit history from 11 to 35 years. 2) If I can get rid of the old Cap1 (1283) account 3) If I can get rid of the Paid Colleciton (Efx) 4) If I can get rid of the unpaid Collecitons (TU) 5) IF I can get rid of the lien (or when it drops off in March)
Well, I am just terrible at guesstimating bumps, so I will let others give it a try, but I'll point out something that probably didn't occur to you. I added on as AU on my husband's Discover card and went from 3 / 12 years history (average/ overall) to 4 / 18 years, and wound up getting re-bucketed. I lost 15 points on EQ (651 to 636.) My scores recovered pretty quickly and have since moved on, but any derogs hurt a LOT when you're in a long history bucket, because this is atypical behavior for those with history going way back.
Not saying don't do it; just be aware that there's a lot more to it that picking up some years.
edit: BTW, the re-bucketing happened a couple of weeks later, after I had gotten nice and comfortable with my new status. Ouch. (I wouldn't have figured it out if it hadn't been for the Scorewatch alert.)
Message Edited by haulingthescoreup on 01-28-200804:55 PM
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit? FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Thanks for the reply, I've heard a bit about rebucketing. Makes sense on one hand, not on another (apples to apples and all that).
I'm thinking there is a good chance that 1 or more of the two unpaid collections will disappear after the dispute, and we have GW letters out for the paid medical (if that doesnt work I am asking the Dr. to tell the CA that they reported in error).
The lien will be off by May, so in theory, the very best my reports will look by then;
Discover 11 Year/$100/$10300 CL Citi 2 Year $10 Bal/$10300 CL Citi 2 Year $10 Bal/$7300 CL Amex 35 Year $0 Bal/$8,000 High-Balance