topic Re: Score increase amounts in General Credit Topics

Score increase amounts

Anonymous — Sat, 01 Dec 2007 22:33:18 GMT

I am in the process of doing PFD's for 3 collections from the last year. I am offering to pay them in full, so my question is I am looking for a rough estimate of how much my score could go up by losing 3 recent collections, and any remaining collections are 5+ years old.

Re: Score increase amounts

fused — Sat, 01 Dec 2007 22:40:42 GMT

WhaT are your scores now and how old are all of the collections, including the ones you are trying to PFD? Any other bad stuff on your reports? How about CC util?

Re: Score increase amounts

Anonymous — Sat, 01 Dec 2007 22:51:59 GMT

My TU FICO is 583, I can't afford to get all 3 right now.

My current collections are all 1 year old and are $123.00, $273.00 and $483.00. These I have offered PFD by paying in full

Baddies that are 5+ years old:

$1,100 Cap 1 card, $1200 Cap 1, $980 HSBC, $193 Sprint, $6000 Auto Repo(Feb 2003)

My 'good' things are:

Auto loan 1 year old perfect payments

Target 6 monthes perfect payments, 197 balance/500 limit

Mervyns 12 years perfect(Ive never used it) 0 balance/$200 limit

Orchard, Just recieved $300 limit, no balance

Re: Score increase amounts

fused — Sat, 01 Dec 2007 23:05:13 GMT

It's always difficult to guess what scores will do when you have big changes on your credit reports. Having 3 collections less than 2 years old deleted should net you a sizable increase in your scores. The collections that over five years old have much less of a negative affect to your scores. I would guess, and again it's only a guess, 50-100 points. Maybe even more.

Message Edited by fused on 12-01-2007 01:05 PM

Re: Score increase amounts

Anonymous — Sat, 01 Dec 2007 23:13:34 GMT

When was your last late payment?

@Anonymous wrote:
My TU FICO is 583, I can't afford to get all 3 right now.
My current collections are all 1 year old and are $123.00, $273.00 and $483.00. These I have offered PFD by paying in full
Baddies that are 5+ years old:
$1,100 Cap 1 card, $1200 Cap 1, $980 HSBC, $193 Sprint, $6000 Auto Repo(Feb 2003)
My 'good' things are:
Auto loan 1 year old perfect payments
Target 6 monthes perfect payments, 197 balance/500 limit
Mervyns 12 years perfect(Ive never used it) 0 balance/$200 limit
Orchard, Just recieved $300 limit, no balance

Re: Score increase amounts

Anonymous — Sat, 01 Dec 2007 23:28:27 GMT

Re: last late payment....2003 on all the baddies from when I was laid off, so all Feb 2003

Re: Score increase amounts

Anonymous — Sat, 01 Dec 2007 23:46:18 GMT

Yep- get the CA's PFD and the utl down under 10%

easily be 20-100 points.

@Anonymous wrote:
Re: last late payment....2003 on all the baddies from when I was laid off, so all Feb 2003