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Posts: 32,869
Registered: ‎08-04-2007
Re: Is there anything I can do to change this???

Lsl7509 wrote:

I am just curious..Is there anything I can do to better My score? It looks like a lot of people on here have raised their scores a lot! What can I do?  I also heard that the things do not leave your credit report after 7 years..Is that true?  Like for instance, I have a 2 late payments on my car loan...My car is paid off and I made 58 on time....Will it ever be fixed?  Also I have little bills in collection, should I pay them off? Can you make a deal? Like to pay it and they take it off the credit report? I really want to buy a house, so I am trying to get my score up to 660 and it is at 575 and 601 at the credit places....

I recommend looking at your FICO reports and tackle the items, in order, that hurt your score the most. This is found on page 2 of your report and ranks the items that hurt the most in order (1-4 items depending on your credit). Based on what those items are you can zero in and boost your score much quicker.


Per federal law (the FCRA), lates must disappear by 7 years. COs and CAs have to go away by 7.5 years from the DOFD of the debt. BKs have to go away by 7 or 10 years depending on the BK type, and judgments must go away by 7 years.


I would ignore the lates on the car note. The loan is closed and paid and there's a risk of them deleting the entire accounts rather than just the lates. At 7 years the lates will have disappeared. Per FICO, damage from 30-day lates generally disappear by 2 years. Not sure how bad those lates are on the car note.


You'd want to take care of the collections. The balance doesn't matter. In fact, whether you owe $0 or $10,000 the damage is equal per FICO. Send a DV. If they verify and you agree, then send a PFD.


Check your score source. If you pulled from sites other than myFICO then it's highly likely you don't have a FICO score, but a FAKO instead.


Welcome to the forums!

I'd suggest reading the following:

Common Abbreviations

Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.

What Steps Do I Take - great for learning the repair process.

and Example letters - PFDs, GWs, DVs, etc.