Reply
Frequent Contributor
Posts: 328
Registered: ‎07-09-2012
0

Judgment, collections, utilization and inquiry

The last week my Equifax has seen a lot of changes.  My oldest account is 20 years and my AAOA is 6)  Thought some of you might find this interesting.

 

659  3/30/13 Paid judgment '10, 3 collections ('08 paid, '10 paid, '06 not paid) 3 student loans in good standing, visa 356/500

 

670  4/3/13 Judgment is vacated and delted

 

715  4/3/13 Collection ages off and I call about the 2 paid ones and they immediately remove them

 

704  4/4/13  Hit with an inquiry (this makes 3 for Equifax) - This stinks as I got denied for the USAA card I applied for and it cost me 11 pts!

 

731  4/6/13  Visa now reports 155/1000




June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Frequent Contributor
Posts: 328
Registered: ‎07-09-2012
0

Re: Judgment, collections, utilization and inquiry

Ok, so I am going to see this fall again.  I just took another inquiry.  I was approved for Chase Freedom.  I am going to be getting a mortgage for my house and banker said I needed another credit card (I have one with them and a VS)  This will make three.  He adviced to have four.  

 

My questions:

 

1.  How long will the inquires hurt my score?  How long until I start to see some of the points come back.  I know after a year you have all the points back.

 

2.  What can I expect having a third card report?  It is Chase Freedom with $1000 cl.  I will keep it at a zero balance.  (use once a month and pay off before it reports).  The only other things reporting is one student loan, 10 mo CU VISA $150/1000 and 1 mo VS $0/350.  I also have 2 paid of student loans.  NO baddies at all.  Oldest account is 20 years and AAoA is 6 years.




June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Epic Contributor
Posts: 20,112
Registered: ‎03-19-2007
0

Re: Judgment, collections, utilization and inquiry

Was the inquiry made by the debt collector on the collection that had passed its CR exclusion date?

Frequent Contributor
Posts: 328
Registered: ‎07-09-2012
0

Re: Judgment, collections, utilization and inquiry

[ Edited ]

No, it's from a credit card app I made.  

 

The two collections that I called and they removed immediatly were from a court order.  I took the collection agency to court because they kept reporting on me for a debt that the original creditor said I didn't owe and the collection agency refused to remove it.  (Hospital bill that was sent to collection agency on mistake).  In the end the judge dismissed everything with prejudice.  I faxed the court order to EQ and they removed the judgment but not the 2 collection accounts.  When I told her the second paragraph clearly said that everything was to be dismissed and that all trace of these debts are to be erased from all sources they promptly removed everything.  




June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.