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Frequent Contributor
Posts: 290
Registered: ‎05-08-2013
0

my TU is finally clean! anticipated result?

My foreclosure from 2007 and a 2007 collection fell off and were my 2 last baddies. So when one goes from a flawed to clean report, what has happened to others in this situation score wise?
AMEX Green charge NPSL | NFCU Cashrewards Visa Sig $25,000 | NFCU Navcheck $15,000 | AMEX Everyday $15,000 | Discover IT $17,500 | Amex BCP $18,000 | Cap1 Quicksilver $5000 | Amex Oasis Optima (recovery card) $500 (closed July 2014)

10% util on NFCU, 25% util on Discover, zero on rest, 6% overall. MyFICO: TU 815, EQ 809 EX 801 Discover TU FICO 803. Rebuilt from 500's....closed on home May 2015!

Valued Member
Posts: 40
Registered: ‎03-25-2008
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Re: my TU is finally clean! anticipated result?

Congrats! I too want to know the answer.




Super Contributor
Posts: 9,008
Registered: ‎06-19-2013
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Re: my TU is finally clean! anticipated result?

I know this isn't for TU, but i recently had an Charge off fall off my experian , and my score went up by about seventy points or so . I do have an fair amount of inq that may be holding me back i think seven or eight just last year. 



EX Fico 774 3/3/15 Fako 806 CS/Credit.com 11/24/14
EQ SW bank enhanced 5/26/15 827 CK fako 807 5/11/15
TU Fico Barclay's/Walmart 5/28/15 798 Fako 808 Creditkarma 5/11/15
Frequent Contributor
Posts: 290
Registered: ‎05-08-2013
0

Re: my TU is finally clean! anticipated result?

well even though I know the TU model you can purchase here at myfico isn't used much in the real world, I did bite the bullet and purchase/update my score and it went up to 773, from 707. I also have a recent inquiry set to come off as NFCU erroneously pulled and are requesting it removed. Im mainly concerned about rebucketing.
AMEX Green charge NPSL | NFCU Cashrewards Visa Sig $25,000 | NFCU Navcheck $15,000 | AMEX Everyday $15,000 | Discover IT $17,500 | Amex BCP $18,000 | Cap1 Quicksilver $5000 | Amex Oasis Optima (recovery card) $500 (closed July 2014)

10% util on NFCU, 25% util on Discover, zero on rest, 6% overall. MyFICO: TU 815, EQ 809 EX 801 Discover TU FICO 803. Rebuilt from 500's....closed on home May 2015!

Frequent Contributor
Posts: 263
Registered: ‎03-05-2014
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Re: my TU is finally clean! anticipated result?


peepers wrote:
My foreclosure from 2007 and a 2007 collection fell off and were my 2 last baddies. So when one goes from a flawed to clean report, what has happened to others in this situation score wise?

When a baddies falls off one's report, it can have a very positive outlook from a prospective lenders point of view, given that it's the only baddie listed. Nevertheless, the effect of the baddies has already taken its negative impact on your score the day it was listed on your report. As the derog ages, it's impact is less significant and the score moves incrementally upwards, assuming nothing else changes in the report...no new accounts, inquires, etc.. But as real life has it, our reports can change drastically over the months and well into years, and thus the derog's impact is lost somewhere in the mix.

 

but, as I've said, as time goes by, the impact is less against your score. But, any derog, no matter how old, can still be a negative factor against you when applying for any type of credit. I've had a negative listing used against me in a CC app, even tho it was a few months shy of The 7 1/2 year mark of falling off. That's where recon comes in handy, but that's for another topic.

 

anyways, it's wonderful that your report will be squeaky clean once those derog's come off. But I wouldn't expect a point jump of >100, since, by the look at your scores now, the derogs have no instrumental impact on your score whatsoever. However, a person with scores well below 600 can see a great jump, regardless of how long ago it's been. That's what happened to me. I had so many CO's on my report that adding anything positive was impossible. Had to wait till they aged or fell off till I was able to build. When negatives fell off, I saw my score jump from 450s to high 500's within a year...without adding anything to my report, except the negative listings being removed.

Current 05/12/15 EQ - 675 FICO ; EX - 702 FICO ; TU - 695 FICO

NFCU Flagship $10k || NFCU LOC $15k || NFCU cashRewards $10k || Chase Hyatt $5k || Chase Southwest Plus $4.5k || Chase Southwest Premier $4.5k || Barclay Rewards $2.5k || Barclay AA Red $3.5k || AMEX ED $1k || CapOne QuickSilver $2k || Sony Card $2k || Discover $2k || Macy's $12k (combined) || Best Buy $8k || Walmart $10k || CareCredit $7.5k || Banana Republic $10k || Amazon $7.5k || TJMaxx $3.5k || Car CareOne $6k || Lowes $10k || TOTAL CL: $104k
Super Contributor
Posts: 8,194
Registered: ‎03-25-2007
0

Re: my TU is finally clean! anticipated result?

When my one and only baddie dropped off my average score increase was 51 points

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
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