topic Re: up over 90 points on equifax in General Credit Topics

up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 19:38:08 GMT

I could believe it!!! I got a scorewatch telling me that something changed on my credit report. I checked seen that I paid off a past collections from Captil One credit card and my score when up from 456 to 548. Iam SOOOOOOOOOO HAPPY its finally paying off. I love this web site everyone here has really pointed me in the right direction and thats UP

thanks to all.

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 19:39:56 GMT

Super Duper Job!!!

Re: up over 90 points on equifax

MidnightVoice — Thu, 26 Jul 2007 19:42:16 GMT

Keep up the good work

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 19:42:45 GMT

Way to go! It feels so good to finally get a handle on your finances, doesn't it?

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 19:54:46 GMT

wolf69 wrote:
I could believe it!!! I got a scorewatch telling me that something changed on my credit report. I checked seen that I paid off a past collections from Captil One credit card and my score when up from 456 to 548. Iam SOOOOOOOOOO HAPPY its finally paying off. I love this web site everyone here has really pointed me in the right direction and thats UP
thanks to all.

Hold the phone!

You plaid off a collection and you got 90pts??!!

Don't get me wrong I'm super excited for you, but it defies reason a bit.

Did they delete all record of the collections as well?

Was the account charged off?

Who was reporting the account?

Sorry for the questions, but I'm trying to wrap my mind around what you're saying.

But CONGRATS!!!

Re: up over 90 points on equifax

adamkingadam — Thu, 26 Jul 2007 19:55:35 GMT

nice one!

my eq has been stuck at 577 for the longest time yet the other 2 continue to rise, does anyone else have this problem?

Message Edited by adamkingadam on 07-26-2007 12:55 PM

Re: up over 90 points on equifax

MidnightVoice — Thu, 26 Jul 2007 20:03:42 GMT

In 3 months I have driven my EQ and TU scores up by 100 points each. My EX has gone down 8 points in that time

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:08:11 GMT

@Anonymous wrote:

@Anonymous wrote:
I could believe it!!! I got a scorewatch telling me that something changed on my credit report. I checked seen that I paid off a past collections from Captil One credit card and my score when up from 456 to 548. Iam SOOOOOOOOOO HAPPY its finally paying off. I love this web site everyone here has really pointed me in the right direction and thats UP
thanks to all.

Hold the phone!
You plaid off a collection and you got 90pts??!!
Don't get me wrong I'm super excited for you, but it defies reason a bit.
Did they delete all record of the collections as well?
Was the account charged off?
Who was reporting the account?
Sorry for the questions, but I'm trying to wrap my mind around what you're saying.
But CONGRATS!!!

It doesn't defy reason at all actually. Crap 1 is famous for keeping the bad card on your report with no limit listed so it looks like your utilization is maxed out. To me this is very wrong and probably illegal. When I paid 2 accounts that showed over $2500 my scores shot WAY up. I would also think that 90pts in the 400-500 range is easier to believe than 90pts at 600 or 650.

No matter, congrats to you OP. My EQ scores are up almost 100pts from 550 in Jan. Keep it up and you will be happy you did.

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:14:20 GMT

bamf70 wrote:
It doesn't defy reason at all actually. Crap 1 is famous for keeping the bad card on your report with no limit listed so it looks like your utilization is maxed out. To me this is very wrong and probably illegal. When I paid 2 accounts that showed over $2500 my scores shot WAY up. I would also think that 90pts in the 400-500 range is easier to believe than 90pts at 600 or 650.

No matter, congrats to you OP. My EQ scores are up almost 100pts from 550 in Jan. Keep it up and you will be happy you did.

Except that he's saying this was a collection account. I thought paying collections did not affect your score and if it did the increase wasn't 90pt.

As I said, I'm waaaay happy, I just want to try to wrap my mind around (as understanding is an impossibility) what could have transpired.

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:18:44 GMT

@Anonymous wrote:
bamf70 wrote: It doesn't defy reason at all actually. Crap 1 is famous for keeping the bad card on your report with no limit listed so it looks like your utilization is maxed out. To me this is very wrong and probably illegal. When I paid 2 accounts that showed over $2500 my scores shot WAY up. I would also think that 90pts in the 400-500 range is easier to believe than 90pts at 600 or 650. No matter, congrats to you OP. My EQ scores are up almost 100pts from 550 in Jan. Keep it up and you will be happy you did.
Except that he's saying this was a collection account. I thought paying collections did not affect your score and if it did the increase wasn't 90pt.
As I said, I'm waaaay happy, I just want to try to wrap my mind around (as understanding is an impossibility) what could have transpired.

Mine were collections as well. Crap 1 was nice enough to let them accrue interest every month for 4 years, show the accounts as closed and report no credit limit yet have a CA try to collect for both of my cards. This put my utilization at something like 200%. Lovely company....I can't wait until I can get more credit with them :eek

Message Edited by bamf70 on 07-26-2007 01:18 PM

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:23:01 GMT

bamf70 wrote:
Mine were collections as well. Crap 1 was nice enough to let them accrue interest every month for 4 years, show the accounts as closed and report no credit limit yet have a CA try to collect for both of my cards. This put my utilization at something like 200%. Lovely company....I can't wait until I can get more credit with them :eek

Message Edited by bamf70 on 07-26-2007 01:18 PM

Now you hold the phone!!

And these accounts weren't charged off after 4 years of non-payment? Now I'm seriously getting confused.

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:26:24 GMT

Lol then you are gonna love this....both accounts were/are charged off. Of course both accounts have 2 charge off dates listed on my reports Mar 2004 and Jun 2007. Yes I have disputed but it didn't seem to make any difference. They did what they did and they are now finally "fixed" and I will NEVER look to them for ANYTHING ever again.

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:33:27 GMT

bamf70 wrote:
Lol then you are gonna love this....both accounts were/are charged off. Of course both accounts have 2 charge off dates listed on my reports Mar 2004 and Jun 2007. Yes I have disputed but it didn't seem to make any difference. They did what they did and they are now finally "fixed" and I will NEVER look to them for ANYTHING ever again.

I am just totally in awe right now, bottom lip on the floor and everything. So now what do they say on your reports now? Paid ChargeOff?

Don't mean to be all up in your business.

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:35:40 GMT

It's all good superduper contributer One account shows "Legally settled for less than full amount" and the other shows paid/chargeoff with 0 balance on both and the actual credit limit of both being reported.

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:41:34 GMT

bamf70 wrote:
It's all good superduper contributer One account shows "Legally settled for less than full amount" and the other shows paid/chargeoff with 0 balance on both and the actual credit limit of both being reported.

Hey, I never profess to be a know-it-all super contributor, I'm just talkative

Learning just like you.

And you got all those points by simply paying the thing off. I'm telling you, everything I read, even on this board says paying a charge-off does nothing for your score unless they totally delete the record.

But I will say this, I'm glad you and our friend here were the exception to that. Please lord let it be me!!!!

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:52:08 GMT

I had MANY baddies on my reports....my 100pt gain on EQ and 120 on EX was due to some collections being deleted, some being paid and many of the tips I learned here. I do take some issue with the idea of not paying collections though. I would assume many of us are here with hopes of buying a house. Unless I am greatly mistaken, no lender will give you a 200k loan for example if your credit report shows you still owe company xyz $300 from 5 years ago. So while they may or may not show any point increase on your individual reports, depending on how they are being reported, paying them is the minimum needed to be able to qualify for a mortgage.

Ok I jacked the thread enough Congrats again OP and trinny you are right, we are ALL learning here.

Re: up over 90 points on equifax

Anonymous — Thu, 26 Jul 2007 20:56:23 GMT

Wolf, that is so excellent and I am praising the Lord for you all!!!! Mine went up 89 points when those Countrywide lates were changed to current on my EQ. If you faxed that letter over to the CRA's, that may have helped your score as well. Check your credit report to see if the update took place or not. My TU is updated shows 579, EX is not updated and shows 579 and my EQ is updated and shows 569, so I guess my mid fico score is 579, right?

Oh yeah, Shell deleted to lates 1 60 day late and 1 90 day late.

We're on our way to the 600 club. WOOO WOOOO