topic Re: 42-pt increase on TU..finally over 700!! DP's included.. in Understanding FICO® Scoring

42-pt increase on TU..finally over 700!! DP's included..

pizza1 — Mon, 22 Oct 2018 01:56:05 GMT

ok....So, I have 6 IIB accts that are due to fall off in the next 4-6 months off all my reports. I called up TU on October 15th, and asked for EE for those 6 accts, and they removed them! They refreshed my TU report, and mailed me a new copy, and my ONLY negative now showing is the BK in PR. All other accts are postive/current/paid as agreed.

My TU 08 score as of a few weeks ago was 676, and has been that for the last year, give or take a point or two, due to my cray cray inquires and new accts. Well, curiousity got the best of me, and I couldnt wait for my CC's to update their TU score, so I purchased my TU report from here at myfico..........(drum roll please).......718!!! Was not expecting that much of an increase! These were also some of my oldest accts too dating back to 2000-2005. ONLY change was the 6-IIB accts being deleted. Cant wait to see how EQ and EX fair in a few months with the same thing.

Updated current stats with refreshed TU:

~INQ- (80/24) Dont ask, lol. Several are dropping off by December, and next year as well.)

~New accts- (24/24...again, dont ask, lol. I do have several reaching the famous "2 yr" mark here within the next few months and so.)

~Negs- (only 1; BK in PR, due to fall off 4/2023)

~AHOA- (17 yrs/10 mo)

~AAOA- (3 yrs /10mo)

~30 open accts -( 28 cc's/2 LOC's that report as "revolving")

~2 open loans reporting -(SL/PL)

~No mortgage ever

~4% util reporting -(8 cc's reporting a small balance. I had closed a few cc's, and with that and the timing of the new score, util was 4%)

~Thick profile with 100+ postive accts reporting, most closed.

Re: 42-pt increase on TU..finally over 700!! DP's included..

FireMedic1 — Sun, 21 Oct 2018 23:09:16 GMT

Congrats! Welcome to the 700 club. Calls for a Light Em Up! What a history!

Re: 42-pt increase on TU..finally over 700!! DP's included..

Jnbmom — Sun, 21 Oct 2018 23:21:33 GMT

Nice score bump CONGRATS

Re: 42-pt increase on TU..finally over 700!! DP's included..

Anonymous — Sun, 21 Oct 2018 23:42:49 GMT

Only 30 open accounts? You're slacking...

Re: 42-pt increase on TU..finally over 700!! DP's included..

Anonymous — Mon, 22 Oct 2018 04:49:33 GMT

Congrats Pizza!!!!

I have a question tho, why those 6 IIB accts that are due to fall off in the next 4-6 months off but your BK will stay on your report until 2023? I don't quite understand, sorry newbie here. Thank you

Re: 42-pt increase on TU..finally over 700!! DP's included..

kiea — Mon, 22 Oct 2018 10:55:47 GMT

Congratulations. I'm waiting for my last two iib accounts to drop off my TU report too. I hope to see a big gain as well

Re: 42-pt increase on TU..finally over 700!! DP's included..

Anonymous — Mon, 22 Oct 2018 14:28:40 GMT

Congrats! I hope to join you in the 700 club soon :-)

Re: 42-pt increase on TU..finally over 700!! DP's included..

pizza1 — Mon, 22 Oct 2018 14:46:59 GMT

@Anonymous wrote:
Congrats Pizza!!!!
I have a question tho, why those 6 IIB accts that are due to fall off in the next 4-6 months off but your BK will stay on your report until 2023? I don't quite understand, sorry newbie here. Thank you

@Anonymous....Those negative accts, regardless that they were IIB, still follow the rule of "DOFD" (date of first delinquency). The DOFD on those accts were a year prior to my BK filing, so that was in 03/2012. Following the DOFD rules, those accts drop off after 7 yrs, putting them in a 03-04/2019 fall off.

BK-7's stay on your reports for 10 yrs from your BK file date. I filed in 05/2013, so my drop off will be 04-05/2023.

Re: 42-pt increase on TU..finally over 700!! DP's included..

pizza1 — Mon, 22 Oct 2018 15:01:55 GMT

@kiea wrote:
Congratulations. I'm waiting for my last two iib accounts to drop off my TU report too. I hope to see a big gain as well

@kiea, were you ever dilienquent on those accts prior to filing? If so, they will follow the DOFD rule. See my response above to another poster.

Also, keep in mind, the point gain (or loss), when negative accts drop off are totally individualized, and depending on your rebuild, and other factors at the time they drop off like...total reporting utilization, number of accts reporting a balance, etc..so its YMMV thing. But, I hope you have a gain as well!

Re: 42-pt increase on TU..finally over 700!! DP's included..

kiea — Mon, 22 Oct 2018 15:25:22 GMT

@pizza1 Yes, I was delinquent on both accounts but they were paid before bk. I haven't had any lates since filing and I try to keep my utilization below 10% each month.

I think the biggest problem I'm having with my TU report is they deleted my entire history...accounts paid before bk (basically 8 years of history), accounts that were iib, and accounts that were charged off before bk. After discharge I had 2 accounts that were iib remaining plus my school loans. So I have to build my positive payment history up all over again with TU.

I guess it's a good thing but losing all my positive payment history seem to hurt me more than filing the bk itself. Now the main reason I get denied is no/ limited payment history.

Re: 42-pt increase on TU..finally over 700!! DP's included..

19eighty5 — Mon, 22 Oct 2018 23:38:31 GMT

Congratulations!

Re: 42-pt increase on TU..finally over 700!! DP's included..

Anonymous — Tue, 23 Oct 2018 15:40:33 GMT

@pizza1 wrote:
@Anonymous wrote:
Congrats Pizza!!!!
I have a question tho, why those 6 IIB accts that are due to fall off in the next 4-6 months off but your BK will stay on your report until 2023? I don't quite understand, sorry newbie here. Thank you
@Anonymous....Those negative accts, regardless that they were IIB, still follow the rule of "DOFD" (date of first delinquency). The DOFD on those accts were a year prior to my BK filing, so that was in 03/2012. Following the DOFD rules, those accts drop off after 7 yrs, putting them in a 03-04/2019 fall off.

BK-7's stay on your reports for 10 yrs from your BK file date. I filed in 05/2013, so my drop off will be 04-05/2023.

Thank you so much Pizza.