topic Quick question in Understanding FICO® Scoring

Quick question

Booboo71 — Mon, 02 Mar 2015 02:32:53 GMT

If you can get a charge off taken off your reports typically how many points can your score go up? I know its a case by case scenario but just an idea of how much. I have one that is not reporting correctly from1st premier its from 2010. Thanks

Re: Quick question

Anonymous — Mon, 02 Mar 2015 02:33:52 GMT

@Booboo71 wrote:
If you can get a charge off taken off your reports typically how many points can your score go up? I know its a case by case scenario but just an idea of how much. I have one that is not reporting correctly from1st premier its from 2010. Thanks

Mine went down 8 points. (AAoA)

Re: Quick question

Booboo71 — Mon, 02 Mar 2015 02:39:24 GMT

Hey Nixon! I appreciate your input on the site! So you actually lost points? Ugghh I hate explaining the 1st premier when I have applied for CC's.

Re: Quick question

Anonymous — Mon, 02 Mar 2015 02:41:14 GMT

@Booboo71 wrote:
Hey Nixon! I appreciate your input on the site! So you actually lost points? Ugghh I hate explaining the 1st premier when I have applied for CC's.

You betcha! I lost two of my oldest accounts on TU, and thus my AAoA went down accordingly, which despite being negatives, lowered my score. How's that for a kick in the face?

But now I don't have to explain those C/O's to Barclay's reconsideration people anymore!

Re: Quick question

Booboo71 — Mon, 02 Mar 2015 02:43:50 GMT

Thanks for the input! And yes that account always comes up. I have them reporting different things on all 3 reports so Im thinking of faxing a letter to them since the dates are all over the place.

Re: Quick question

Anonymous — Mon, 02 Mar 2015 02:45:19 GMT

@Booboo71 wrote:
Thanks for the input! And yes that account always comes up. I have them reporting different things on all 3 reports so Im thinking of faxing a letter to them since the dates are all over the place.

Dispute with supporting information would do you wonders.

Re: Quick question

Booboo71 — Mon, 02 Mar 2015 02:49:04 GMT

Dispute with 1st premier or credit bureaus?

Re: Quick question

Anonymous — Mon, 02 Mar 2015 02:51:29 GMT

@Booboo71 wrote:
Dispute with 1st premier or credit bureaus?

CRA's

There should be a dropdown for incorrect dates/amts/etc.

Re: Quick question

Booboo71 — Mon, 02 Mar 2015 02:53:32 GMT

Ok, but how do they know from one credit bureau to the other Transunion Vs Experiam and such.

Re: Quick question

Booboo71 — Mon, 02 Mar 2015 02:54:36 GMT

I can see it with my fico with all 3 bureaus side by side. But how does one know from the other?

Re: Quick question

Anonymous — Mon, 02 Mar 2015 02:55:36 GMT

@Booboo71 wrote:
Ok, but how do they know from one credit bureau to the other Transunion Vs Experiam and such.

You go to each individual site and file online dispute. It may ask you for further documentation wherein you would scan proof. You may phone it in as well.

This is really where my expertise limits me, You may be a little better served if this were in "Rebuilding" section of the forums.

Re: Quick question

Booboo71 — Mon, 02 Mar 2015 03:04:38 GMT

Got it! Thank you! I think your right i put this in the wrong forum! But I appreciate you giving me advice. You give great advice in here.

Re: Quick question

SunriseEarth — Mon, 02 Mar 2015 03:25:14 GMT

@Booboo71 wrote:
Got it! Thank you! I think your right i put this in the wrong forum! But I appreciate you giving me advice. You give great advice in here.

OP, I've moved this to our Understanding FICO Scoring forum for input on the impact to scores. It really depends on your overall profile. The very last CO on my TU reports aged off and my scores boosted 60 points. My CO that aged off before that only boosted me 20 points. Neither were my oldest accounts on file.

As for how to remove a CO from the reports, disputing may or may not help. If you have incorrect info on your CRs, then you should dispute. However, that will only correct information. To remove, this depends on several factors, depending on if the CO is paid/unpaid, if it's within SOL, or even what state you're in. I would highly advise searching and posting in the Rebuilding forum for more answers.

Re: Quick question

Booboo71 — Mon, 02 Mar 2015 03:39:48 GMT

Thank you I will do that! I read on here about some people having this happen with 1st premier. All 3 reports are different years and months, yes its still within SOL and Im in Florida. The original year of 1st late was 2010 but I have 1 showing 2012 and the other 2014. I just hate that company! Thorn in my side. On a positive note I did pay off 4 collections back in the summer and saw a minimal credit increase they just all report paid. I still have to explain those also why I let them get to that point, just wish they would vanish,