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How high is possible with old serious derogs?

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daudi81
Valued Member

Re: How high is possible with old serious derogs?

Depends on your history - but you can get it pretty solid even with lates / derogs.

 

Take my situation: 

 

I had about a dozen different 30/60 day lates in late 2013 accross a few different credit cards....., and one in early 2014 (recently removed via a goodwill letter). 

 

I also had a federal tax lien of $50k about 2 months ago. It's been paid and released (but not withdrawn from my credit report, which I'm currently working on). 

 

MyFico 8 scores are around 740-760.

 

Mortgage scores are 700 - 720 depending on the bureau.

 

Auto scores are all ~750. 

 

My scores started around 580-600 early 2014. 

 

Once my tax lien gets removed from my report in a couple months, I am guessing my Fico 8 scores will be 760-780, my mortgage scores around 720-740.

 

Needless to say, I have been working my A$$ off since that last late payment in 2014 - whether it's been paying down my debt, or writing goodwill letters, etc etc. 

Message 31 of 35
DeeBee78
Valued Contributor

Re: How high is possible with old serious derogs?

I think you can get up to 700 with consistent good trends in your credit profile. 

 

Current scores are in my signature. MyFICO is saying they'll be over 700 if I pay down my balances. I have 3 old medical collections that won't fall off for at least two more years, but I will be squeaky clean after that! 

Message 32 of 35
masscredit
Valued Contributor

Re: How high is possible with old serious derogs?

Update since my last post in this thread. My last IIB account was deleted from my TU report last week. I gained 40 points.  Went from 680 - 720. Still have the BK and 3 liens reporting. I think the 720s will be the highest that I'll see until those four items come off my report. 

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 687 / TU - 663/ EX - 677

SDFCU Secured - $5000 / TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / Capital One QuickSiver - $4500 / Ally Master Card - $2800/ Walmart Mastercard - $2250

Andrews FCU SSL $1500
Message 33 of 35
nycfico
Regular Contributor

Re: How high is possible with old serious derogs?


@daudi81 wrote:

Depends on your history - but you can get it pretty solid even with lates / derogs.

 

Take my situation: 

 

I had about a dozen different 30/60 day lates in late 2013 accross a few different credit cards....., and one in early 2014 (recently removed via a goodwill letter). 

 

I also had a federal tax lien of $50k about 2 months ago. It's been paid and released (but not withdrawn from my credit report, which I'm currently working on). 

 

MyFico 8 scores are around 740-760.

 

Mortgage scores are 700 - 720 depending on the bureau.

 

Auto scores are all ~750. 

 

My scores started around 580-600 early 2014. 

 

Once my tax lien gets removed from my report in a couple months, I am guessing my Fico 8 scores will be 760-780, my mortgage scores around 720-740.

 

Needless to say, I have been working my A$$ off since that last late payment in 2014 - whether it's been paying down my debt, or writing goodwill letters, etc etc. 


Wow...your scores seem high given that you had a federal tax lien 2 months ago plus a bunch of 60 days late just two years ago.

 

Gives me hope!

Message 34 of 35
TRC_WA
Senior Contributor

Re: How high is possible with old serious derogs?

I've been stuck in the mid to upper 600's... and will be until my Ch 13 derogs fall off.

 

FICO8 current as of : ----- EQ: --- TU: --- EX: ---
Hard INQs last 12 months: EQ: 5 | TU: 7 | EX: 9
Verizon Visa $6500 Amex Delta Platinum $10,000 Care Credit $12,000
NFCU CashRewards $6000 Apple Card $2000 Best Buy $3500 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) $44k new - balance $31k/6.94%
Total CL: $45,000 --- Total CC UTI: --% --- AAoA: 5.5 years --- Income: $200k
Last app: 11-30-23
Message 35 of 35
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