topic Re: 1 point 4 CA gone in General Credit Topics

1 point 4 CA gone

gdtobefree — Wed, 30 Jan 2008 05:19:45 GMT

I just had 4 CA removed and my score only went up 1 point.

Did I do something wrong? Did someone forget to do something at EQ.

Shouldn't it have gone up higher?

Re: 1 point 4 CA gone

llecs — Wed, 30 Jan 2008 05:35:53 GMT

Do you have any other collections/baddies on your CR? And if so, how many?

Re: 1 point 4 CA gone

gdtobefree — Wed, 30 Jan 2008 05:50:08 GMT

9 CO and 1 CA 2 CC opened in 06 and never late and a paid auto loan through a CRU

BTW all CO's were from 2002 and 2003 with a repo on a truck that I cosigned for that was never offered to me to take over by GMAC in 2006 (I would have taken over the notes and the truck if they would have let me know it was to be repoed)

Message Edited by gdtobefree on 01-29-2008 09:50 PM

Re: 1 point 4 CA gone

Anonymous — Wed, 30 Jan 2008 13:19:25 GMT

[Let's be positive and suportive]

Message Edited by Timothy on 01-30-2008 06:19 AM

Re: 1 point 4 CA gone

Anonymous — Wed, 30 Jan 2008 13:20:01 GMT

[Lets be positive and suportive]

Message Edited by Timothy on 01-30-2008 06:20 AM

Re: 1 point 4 CA gone

gdtobefree — Wed, 30 Jan 2008 06:08:57 GMT

I would like to see you work while going through chemotherapy and I am not a DUDE dude!

I was on chemo for 8 mos thank god cancer goes away stupidity doesn't

Re: 1 point 4 CA gone

TryingVeryHard — Wed, 30 Jan 2008 06:14:26 GMT

I am really hoping that you are doing better now. Chemothep can be hard. It requires courage and faith. Prayers for you!

Re: 1 point 4 CA gone

gdtobefree — Wed, 30 Jan 2008 06:16:56 GMT

Thanks I kicked it in the butt and refused to let it get the best of me though there were days I just wanted to die so I wouldn't have to go through another day of misery, now I am suffereing another misery CHARGE OFFS sooner or later I will kick them in the butt too

Re: 1 point 4 CA gone

Anonymous — Wed, 30 Jan 2008 06:54:56 GMT

@Anonymous wrote:
try paying your bills...lol

Garrett, let's try and be more positive and supportive. I'm reasonably sure if it were as simple as "paying your bills" she would have done so.

Nuking a collection or even multiple collections and charge-offs won't necessarily boost your credit score. If you have, let's say five COs, and you hit #3 and #4, you won't gain much. Why? Because COs decay with time, and FICO scoring looks hardest at your most recent baddie. You get a small boost for having fewer delinquent/negative accounts, but for your score to really change, you should gun for the most recent CO.

Re: 1 point 4 CA gone

Anonymous — Wed, 30 Jan 2008 07:10:25 GMT

ok, i feel so bad. i work my ass off to pay bills. i work 3 jobs. guess what , on my 3th job, i cut grass. thats right mowe lawns. i mowed a lawn the this past summer, lady had cancer. her mother in law , told me how they didnt have insurence and and how they ( werent) going to pay the med bills, because they couldnt...**bleep** them..they had a 4,000,000.00 house, 5 cars in the drive way..about 100,000.00 each.. ooohh i feel so bad...we take care of there summer home too, on the ocean up here in maine. thats about 7,000,000.00 for that house..ohh but im so sorry that you (wont) buy med insurence because you dont want to give up that 1000,000.00 car...ooohh i feel so bad... nobody feels bad for me when i work 85 hours a week to pay my bills on time.....sorry. i dont mean anything about the lady in this post...but i hate sob stories./..

Re: 1 point 4 CA gone

Anonymous — Wed, 30 Jan 2008 07:12:46 GMT

what you put into life, is what you get..plain and simple

Re: 1 point 4 CA gone

Anonymous — Wed, 30 Jan 2008 07:30:50 GMT

@Anonymous wrote:
what you put into life, is what you get..plain and simple

I think that's one of those situations where "your mileage may vary."

Some people put little effort into themselves, but happen to be in the right place at the right time and prosper.

Some people work very hard and do very well.

Some people work very hard yet end up with little to show for it.

Some people don't work, and don't prosper.

I would say that, all things being equal, working hard does tend to improve your chances of success. Working smart is even better.

Re: 1 point 4 CA gone

llecs — Wed, 30 Jan 2008 12:01:06 GMT

I asked the question as to the amount of baddies...TNWM made the point with points and baddies. I charged into credit repair thinking that I would get x amount of points per baddie. One of the first posts I read was of someone who got 50 points for a removed CA. I had 5 at most on one report so I was thinking 5 x 50 points thats 250 point bump. I was at 550 at the time, so 250 plus 550 is 800. I thought I would be at 800 by Christmas!! It didn't quite work that way after removing 4 of the 5, though that did produce a 100 pt jump.

As said before, as you get closer to 0 baddies, you'll get more points for each one removed.

Re: 1 point 4 CA gone

Anonymous — Wed, 30 Jan 2008 13:23:05 GMT

garrett_ wrote:
[DELETED]

I am frankly sickened that you wrote this to our fico friend who desperately needs help. This board is to help others not put them down.

Message Edited by Timothy on 01-30-2008 06:23 AM