topic Re: Baddies aka IIB accounts in Bankruptcy

Baddies aka IIB accounts

Deltadog03 — Tue, 10 Feb 2015 06:12:49 GMT

first off I want to say yall rock!! You have taught me so much about credit and how to take care of it. Question, my BK7 discharged 2 years ago and have bad perfect accounts/credit since then. I have 5-6 "baddies" that will be aging off by May/June this year. Do you all think it's worh a shot to see if I can get them removed early? If not, when I get to May/June and they are on there still, is there an option on there to dispute them as being too old of an account/past time on account? (Sort of thing) I'm asking cuz my wife and I want to refi the car loan. Current CCD Util is going down from 97% to 1-3% by the end of this month. Current score with EQ is 589, prolly a little higher on EX and TU. I know it's gonna go up with Util going down, but do you all think my score goes up once those baddies fall off? Again there will be 5-6 falling off. Thanks everyone!

Re: Baddies aka IIB accounts

gdale6 — Tue, 10 Feb 2015 20:43:38 GMT

@Deltadog03 wrote:
first off I want to say yall rock!! You have taught me so much about credit and how to take care of it. Question, my BK7 discharged 2 years ago and have bad perfect accounts/credit since then. I have 5-6 "baddies" that will be aging off by May/June this year. Do you all think it's worh a shot to see if I can get them removed early? If not, when I get to May/June and they are on there still, is there an option on there to dispute them as being too old of an account/past time on account? (Sort of thing) I'm asking cuz my wife and I want to refi the car loan. Current CCD Util is going down from 97% to 1-3% by the end of this month. Current score with EQ is 589, prolly a little higher on EX and TU. I know it's gonna go up with Util going down, but do you all think my score goes up once those baddies fall off? Again there will be 5-6 falling off. Thanks everyone!

Try early exclusion with TU 6 months prior and 3 months with the other CRAs, you can either call them or write a letter. You may see a few points on the removal of the baddies, biggest boost will be the removal of the BK itself. You should see a substantial increase just by paying off the cards.

Re: Baddies aka IIB accounts

Deltadog03 — Wed, 11 Feb 2015 13:31:59 GMT

Sorry, I don't know why I didnt' see that your replied until this morning. Thanks for replying, I appreciate it! I was curious about the score bump, if there would be one with those baddies dropping off like that. I figure there will be, but NOTHING like the CCD Util going down to under 3% I would imagine. I called EX yesterday, and I really like dealing with them. First, they spoke english and very easy to talk to. He early deleted 5 of the 6 that are slated to fall off in the next 3 months. For some reason the 6th one is suppose to come off in Aug on there site...no biggie. It actually has come off the report already!! Thats awesome!! EQ and TU are a joke to talk to...Barely can understand them, as Im sure most are aware of. TU said that they have to "dispute" them to put the request in for early deletion. I told her that I didnt' want to dispute anything, as there isn't anything to dispute, but she said the that they have to do it that way, if that makes sense. EQ said that they can't early delete, but I will be calling them back today to see if I can find an "English" speaking person. There is 6 on TU that are going to fall off by June this year, so hope they can early delete those after the "dispute" process. There is 7 that is coming off by June this year on EQ. I hope they will remove those early as well, if not....June isn't that far away. Question is, is there an option on there to dispute it and request early deletion, or will I have to wait to use the option that it should have aged off already if not off there by June? Thanks everyone!!

Re: Baddies aka IIB accounts

gdale6 — Wed, 11 Feb 2015 23:13:26 GMT

@Deltadog03 wrote:
Sorry, I don't know why I didnt' see that your replied until this morning. Thanks for replying, I appreciate it! I was curious about the score bump, if there would be one with those baddies dropping off like that. I figure there will be, but NOTHING like the CCD Util going down to under 3% I would imagine. I called EX yesterday, and I really like dealing with them. First, they spoke english and very easy to talk to. He early deleted 5 of the 6 that are slated to fall off in the next 3 months. For some reason the 6th one is suppose to come off in Aug on there site...no biggie. It actually has come off the report already!! Thats awesome!! EQ and TU are a joke to talk to...Barely can understand them, as Im sure most are aware of. TU said that they have to "dispute" them to put the request in for early deletion. I told her that I didnt' want to dispute anything, as there isn't anything to dispute, but she said the that they have to do it that way, if that makes sense. EQ said that they can't early delete, but I will be calling them back today to see if I can find an "English" speaking person. There is 6 on TU that are going to fall off by June this year, so hope they can early delete those after the "dispute" process. There is 7 that is coming off by June this year on EQ. I hope they will remove those early as well, if not....June isn't that far away. Question is, is there an option on there to dispute it and request early deletion, or will I have to wait to use the option that it should have aged off already if not off there by June? Thanks everyone!!

dont ask for early deletion ask for early exclusion, if you ask for early delete most CSRs are going to give you the canned response we dont do that. You may have to call several times to actually get someone who knows what you are talking about,

Re: Baddies aka IIB accounts

Deltadog03 — Wed, 11 Feb 2015 23:26:44 GMT

Awesome, Thank you for that. I will call EQ and see if they will do early exclusions. I will report back... Is it weird that the TU lady told me they had to "dispute" to do the possible removal early?

Re: Baddies aka IIB accounts

Scupra — Thu, 12 Feb 2015 05:52:47 GMT

For TransUnion just go online and dispute as "too old" I just did it for 3 coming off in May and they deleted all 3 in two days. I will let you know if I see a score bump as they were all my IIBK items

Re: Baddies aka IIB accounts

masscredit — Thu, 12 Feb 2015 13:44:18 GMT

I might try doing this. My BK was discharged in Feb of 2010 but I started falling behind towards the end of 2007. Some accounts have started to age off so my scores have been increasing because of that. Others are set to age off throughout this year and into next year. It would be nice to see them excluded early.

Re: Baddies aka IIB accounts

Scupra — Thu, 12 Feb 2015 20:24:35 GMT

@Scupra wrote:
For TransUnion just go online and dispute as "too old" I just did it for 3 coming off in May and they deleted all 3 in two days. I will let you know if I see a score bump as they were all my IIBK items

Just got my scorewatch alert.............32 point increase taking me up to 719 TU FICO

Re: Baddies aka IIB accounts

Deltadog03 — Fri, 13 Feb 2015 01:08:37 GMT

Heck ya!!! Congrats! I will try the TU thing as well shortly. EQ doesn't want to budge at all, no matter how I freakin word it. Any luck on there end for you? I have 6 things off there by MAY and 1 for JUNE. Thats a crapload. LOL I just bought my CR and FICO here for EX, and it seems to be a BIG difference, like yours as well. So EX removed 5 of the 6 for the MAY/JUNE fall off. (EX and TU have the same number, EQ has 1 more for some dumb reason) Well, my FICO 8 EX score is freakin' 659!! Highest score EVER! Now, my CCD Util is 79% currently, but will be under 20% by the end of the month. When I got my EQ report the other day, it was still at 92% Util, so even so...maybe take a few points away from the score for that, I am ASSUMING that the BIGGEST difference right now, since the CCD Util are fairly close is the fact that EX removed the 5 baddies...would you all agree? My wife and I really want to refi, but I know they are going to pull EQ since we are in the SE. I am assuming I might** see a 40 point bump when the 6 to 7 things fall off by JUNE, would you agree?

Re: Baddies aka IIB accounts

masscredit — Fri, 13 Feb 2015 01:22:52 GMT

I've been researching early exclusions on the forum. I've seen it mentioned that it's better to call to have this done instead of doing a dispute online. Is there any reason for that? Maybe no option for that one if it's done online?

Re: Baddies aka IIB accounts

gdale6 — Fri, 13 Feb 2015 01:56:12 GMT

@masscredit wrote:
I've been researching early exclusions on the forum. I've seen it mentioned that it's better to call to have this done instead of doing a dispute online. Is there any reason for that? Maybe no option for that one if it's done online?

Officially is not past the CRTP (7.5 yrs) so a dispute of too old to report is not warranted. There is no option online for the EE.

Re: Baddies aka IIB accounts

Deltadog03 — Tue, 17 Feb 2015 17:54:01 GMT

Thanks Everyone for all the great help! EX has fully taken all off except 1, as stated above. TU has removed everything *I am assuming for now, as they "internally dispute" to see if they will early exclude. (I can't view the dispute status on line tho?) They are not on there ATM because I just pulled my score and report on here, and all the ones are gone for now, hopefully they will leave them gone. If not, they will be by JUNE. I can't get EQ to freakin' budge tho...Any help? They all say NO nomatter how I word it. Even the supervisor says no, that they will fall off up to a month earlier automatically. My EQ would probably shoot up to around 640-650 when those 7 baddies AGE off!!

Re: Baddies aka IIB accounts

Scupra — Tue, 17 Feb 2015 18:26:31 GMT

EQ is the worst when it comes to this. Good luck!

Re: Baddies aka IIB accounts

Deltadog03 — Tue, 17 Feb 2015 18:53:39 GMT

Thanks...My wife and I want to really re-fi the car loan. I am waiting to for cap 1 and barclays to report with there $5 balances. LOL EQ is my lowest score because they won't take off the baddies. EX by far much better. Not sure if I should wait until may/june if I cant make them budge, or take chances once those cards show the new balances? Wells Fargo Auto *I am in GA* looks to pull EX or EQ. If they pull EX that would be great!! AUTO EN FICO is 663. Might want to get some extra cash with them *as they are the only ones that do that* any other advice on who to try and refi with? Chase? Current loan is through Cap 1 auto at 16.8% Scores are about (depending on what model) 30-80 points better than when applied maybe up to 100

Re: Baddies aka IIB accounts

Scupra — Tue, 17 Feb 2015 20:26:47 GMT

@Deltadog03 wrote:
Thanks...My wife and I want to really re-fi the car loan. I am waiting to for cap 1 and barclays to report with there $5 balances. LOL EQ is my lowest score because they won't take off the baddies. EX by far much better. Not sure if I should wait until may/june if I cant make them budge, or take chances once those cards show the new balances? Wells Fargo Auto *I am in GA* looks to pull EX or EQ. If they pull EX that would be great!! AUTO EN FICO is 663. Might want to get some extra cash with them *as they are the only ones that do that* any other advice on who to try and refi with? Chase? Current loan is through Cap 1 auto at 16.8% Scores are about (depending on what model) 30-80 points better than when applied maybe up to 100

why leave a small balance on both cards? To maximize FICO have one card report under 10% util and all others at $0. I have a spreadsheet that lists all statement dates so I know when they will be updated. Maybe set something like that up and keep an eye on creditkarma for updates. A lot of loan companies will let you loan up to a certain dollar amount, this is when LTV (loan to value) comes in to play. For example, State Farm will allow 115% LTV

Re: Baddies aka IIB accounts

Deltadog03 — Tue, 17 Feb 2015 21:33:36 GMT

oh, I will for sure do that, they only have 3-9$ balances on them, except our big cap1 card...It has a $900 balance. The others have all been paid off, thats just a interest left over crap. My util will be around 8-16% after the balances updated on the CR. I also have a spreadsheat. Barclays and Cap1 will update within the next week or so. Do you know what value I need look for with the LTV? is it clean trade or is it clean retail? Thank again for your help!

Re: Baddies aka IIB accounts

Scupra — Wed, 18 Feb 2015 16:52:15 GMT

@Deltadog03 wrote:
oh, I will for sure do that, they only have 3-9$ balances on them, except our big cap1 card...It has a $900 balance. The others have all been paid off, thats just a interest left over crap. My util will be around 8-16% after the balances updated on the CR. I also have a spreadsheat. Barclays and Cap1 will update within the next week or so. Do you know what value I need look for with the LTV? is it clean trade or is it clean retail? Thank again for your help!

Every bank will be different, retail will be closest to what they use for LTV though. YMMV as always

Re: Baddies aka IIB accounts

Deltadog03 — Wed, 18 Feb 2015 17:25:24 GMT

Thanks bud! Its official, TU has deleted all of the same ones that EX did!! If I could just get EQ to budge on early excluding the 7-8 things on there, my scores would probably jump to around 650 like EX. TU is a bit low for some reason, but it has 2 more IIB vs EX. Whatever tho... Thanks for the Retail cars stuff. I appreciate it.

Re: Baddies aka IIB accounts

TRC_WA — Wed, 18 Feb 2015 17:26:41 GMT

@Deltadog03 wrote:
oh, I will for sure do that, they only have 3-9$ balances on them, except our big cap1 card...It has a $900 balance.

Doesn't matter if it's $1.

In the eyes of FICO $1 is a much bigger deal than $0. I've already tested it... letting multiple cards report small balances. I had 9 cards doing that... and every month I let one report $0... till I had only 1 card reporting a balance.

In 7 of the 8 months I gained 2-4 points when said card reported $0.

A bunch of cards with only 3-9$ balances will get you quickly denied for too many accounts with balances... and lower your FICO.

Re: Baddies aka IIB accounts

Deltadog03 — Wed, 18 Feb 2015 18:11:20 GMT

Oh, I agree with yall FULLY...The only reason they have a weird balance this month, when they all update is because we just payed them all off. So, those balances are only becuase of the residual interest charges from stuff. They will all report $0 balances next month since we don't use them. I hope that made sense?? Except for the big cap 1 card. We will have that reporting the balance every month until we pay it completely down *ie small balance every month* Any luck with EQ anyone?