Understanding FICO® Scoring

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Community Leader<br> Mega Contributor</br>
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guiness56
Posts: 13,201
Registered: ‎01-17-2008

Re: FICO Decrease after having collection removed?!

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‎03-13-2013 12:24 PM

Shouldn't it say was 120+ days past due and not currently 120+ days past due?

 

 

Credit Scoring 101
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Closing Credit Cards
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sauer29
Posts: 14
Registered: ‎03-05-2013

Re: FICO Decrease after having collection removed?!

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‎03-13-2013 12:51 PM

That was my thought.
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sauer29
Posts: 14
Registered: ‎03-05-2013

Re: FICO Decrease after having collection removed?!

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‎03-13-2013 01:28 PM

I'm really showing my ignorance here, but what do you mean by "send GWs"?

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Community Leader<br> Mega Contributor</br>
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guiness56
Posts: 13,201
Registered: ‎01-17-2008

Re: FICO Decrease after having collection removed?!

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‎03-13-2013 01:57 PM

Send Good Will letters to the company asking them to delete the late payments.  It would be a gesture of good will if they did.

Credit Scoring 101
Guide to Common Abbreviations
Other Frequently Requested Threads
Closing Credit Cards
Message 24 of 25 (109 Views)
 
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sauer29
Posts: 14
Registered: ‎03-05-2013

Re: FICO Decrease after having collection removed?!

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‎03-13-2013 02:01 PM

Ok thanks! Is there a template for that? A preferred method? If anyone has a link to a thread, let me know. Thanks.
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myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

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