topic Re: Score Change Challange in Rebuilding Your Credit

Score Change Challange

Anonymous — Wed, 15 Aug 2012 20:08:28 GMT

Hi,

I am new to the board and found lots of helpful info. I have had lots of medical issues and collections.
Today is a day I have been waiting for for a long time! The collection agency has agreed to remove ALL 18 of my collections from years 2007 thru 2011.
In the next few days I will see the changes. I can't wait for the change and weight lifted.

Current Scores

FICO-

TU 640

EX 560

Anyone want to put some guesses out there on the change this will have?

Other data needed:

I will have 0 collections on my account, 3 - 30 day lates on my Auto pmt all more than 1 year old.

No mortgage, 2 Credit Cards under 20% utilization, oldest account 11yrs, avg of accts 6yrs.

I will keep you updated.

Re: Score Change Challange

tboy1977 — Wed, 15 Aug 2012 20:36:16 GMT

Bravo!!!!! Another myFico forum success!!!!

Re: Score Change Challange

Anonymous — Fri, 17 Aug 2012 13:09:40 GMT

I have an update. My Equifax score went up 74 points today! However my TU hasn't changed yet. Does TU take longer to update?

Re: Score Change Challange

jcstarkey8826 — Fri, 17 Aug 2012 13:26:23 GMT

TU IMO, has always taken the longest to update. I hope you arent paying for your report to check. Im sure by now you are well aware of CK that you can check everyday for the updates. I use the free FAKO sites to monitor changes so I know when to buy my real score.

Congrats BTW!!!!

Re: Score Change Challange

RW771 — Fri, 17 Aug 2012 13:42:57 GMT

Congrats that's awesome! And very fast that it's already reflected on your CR's! I've always found EQ to be the slowest to update, but everyone is different. I was going to mention that you might want to make sure and get something in writing from the CA if you did end up PIF, but it seems like they kept their word and it's already helping (if that is indeed what the huge increase was due to).

Again, congrats! Keep going!

Re: Score Change Challange

Anonymous — Fri, 17 Aug 2012 14:37:53 GMT

Congrats. Stories like this give me hope!!!

Re: Score Change Challange

Anonymous — Mon, 20 Aug 2012 13:14:15 GMT

My TU still hasn't updated. Not sure why. If I look at historicals on CreditKarma it looks like I get point jumps on the 1st of the mont usually. Anyone else see this trend too?

Re: Score Change Challange

jcstarkey8826 — Mon, 20 Aug 2012 15:11:32 GMT

My CC statements cut off on the 20th of every month and dont get reported on TU until the end usually around 27th or 28th.

Re: Score Change Challange

Aspireto850 — Mon, 20 Aug 2012 16:07:50 GMT

That is awesome for you. Yay!!!!

Re: Score Change Challange

Anonymous — Tue, 21 Aug 2012 17:59:14 GMT

I have more updates on my progress, and could use your knoledge.

GOAL: Buy a home using FHA loan. I want to do this by January (if possible).

Score help question- Does anyone know if this will help boost my score? My last late payment (auto) goes from less then a year ago to over a year ago soon.

Last Update:

TU from 640 to 656 (up 76 in 2 months)

EX from 560 to 634 (up 76 in 2 months)

EQ FAKO from 640 to 651 (up 81 in 2 months)

I expect I can eek out a few more points - my CC utilization is over 20% but will drop to 10% in the coming days. Maybe another 5-10?

My starting scores 6/20/12 were:

FICO - EX558 - TU 580

EQ FAKO 570

Re: Score Change Challange

Anonymous — Thu, 23 Aug 2012 14:25:52 GMT

Got some great info form a morgtage broker. It looks like my scores are fine but he also let me know that more important for FHA is the recent history, not so much the scores. He told me that he just got a client approved with a 700 score that had a much worse credit report then I did. How is that possible someone wiht a score 50-70 points higher have a report that looks "worse"?

Now I just need to save a few more bucks to get the closing costs and down pmt. Its been a grat 60 days!

Re: Score Change Challange

Anonymous — Sat, 01 Sep 2012 01:09:50 GMT

That is SO wonderful! I have been working hard on my credit reports for the same goal and it's amazing when you really dig in how much you can boost your scores! Best wishes