Tips on improving credit score

[Anonymous]

Hello everyone. I pulled all 3 reports from myfico today and I need MAJOR improvement:
TU: 655
EX: 646
EQ: 658


How do I approach improving my score for the following:

CapOne
I have a 30 day late reported in TU, but not in EQ

BofA
each CRA shows a diff't delinquency:
EQ: shows 1 time late
TU: shows 4x 30days late, and 1x 60days late
EX: shows 6x 30days late, 2x 60days late, and 3x 90days late

I guess my concern is that if I dispute the CapOne for instance, I don't want my account updated in EQ since there is no derogatory mark there. I would just want the TU report to get updated. is there a way to do that?

I'd appreciate any info. Thanks!

[Anonymous]

Only dispute these if they are inaccurate-
It is VERY common for the lates to show up on the other 2 when they are disputed.

You actually have good score for the amount of Derogs-
How old are these?

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@Anonymous wrote:
Hello everyone. I pulled all 3 reports from myfico today and I need MAJOR improvement:
TU: 655
EX: 646
EQ: 658


How do I approach improving my score for the following:

CapOne
I have a 30 day late reported in TU, but not in EQ

BofA
each CRA shows a diff't delinquency:
EQ: shows 1 time late
TU: shows 4x 30days late, and 1x 60days late
EX: shows 6x 30days late, 2x 60days late, and 3x 90days late

I guess my concern is that if I dispute the CapOne for instance, I don't want my account updated in EQ since there is no derogatory mark there. I would just want the TU report to get updated. is there a way to do that?

I'd appreciate any info. Thanks!

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[Anonymous]

Hi - Thanks for the response.

The CapOne 30 day late was from Feb 2004

For BoA:
latest 30 day late was feb 2007
latest 90 day late was July 2001

So, let's say I want to GW these lates. Should I indicate on the letter to BoA for instance that I would like them to make a goodwill adjustment and report to all 3 CRAs?

And then for CapOne, just ask them to make a GW adjustment and report ONLY to TU since TU is the only one that shows the derog?

Thx.

[Anonymous]

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fixmycredit wrote:

And then for CapOne, just ask them to make a GW adjustment and report ONLY to TU since TU is the only one that shows the derog?

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Take a look at my GMAC GW letter.

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=2716#M2716

I call it the Just Play Dumb approach--although we truly were NOT late to GMAC.

[jackg]

After reading your post it seems that the unasked question is: Do CRA's share/transfer info about client's accounts between them? example: TU receives info about one of your accounts, do they ship it over to EQ and EX? The answer is NO.

Each of your creditors reports your account to each CRA. Occasionally a creditor may omit your account from the tape they supply to the CRA's, btw there is a seperate tape for each CRA which is why sometimes you'll notice that a creditor has failed to update your report for only one CRA. How this omission happens is something I just don't understand but, that's their story and they are stickin' to it.

Anyway, it's my opinion that there is zero risk in disputing a Cap One account at TU and then having it show up at EQ, however YMMV. 

[Anonymous]

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jackg wrote:

Do CRA's share/transfer info about client's accounts between them?

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Yes, and I believe there's a snippet somewhere in FCRA that says they must in certain cases share, but there is absolutely NOTHING in FCRA that compells them to act on any of the information they share with one another. The only exception is Fraud Alerts. They are required to share FAs and act on them.