topic Re: Cant it be November already? in Rebuilding Your Credit

Cant it be November already?

Duncanrr — Mon, 15 Oct 2012 21:03:35 GMT

This wait is killing me. After the first week in November, I'll have the following positive influences on my scores:

1. High balance on Walmart and Cap1 will be paid off and reflected in CR's. (Util will be back under 9% for all cards with balance only reported on one.)

2. Ill have all 5 new CC's reporting (two with AMEX backdating to 1993 - my oldest and newest accounts)

3. The increase in new accounts that have zero balance will mean the 20ish point hit I took on my TU report for "too many accounts with balance" will be no longer be a factor.

4. My old 90 day late will be 5 years old (old 30 day late on different account will make 2 years in Dec)

5. Another month of on-time payments

I have no idea what my scores will be. I cant wait to find out!

Re: Cant it be November already?

Shogun — Mon, 15 Oct 2012 22:14:10 GMT

You're doing great! Congrats!

Re: Cant it be November already?

Duncanrr — Mon, 15 Oct 2012 22:46:38 GMT

I'm really hoping 5 year point on 90 day will give me a boost. Looking forward to all scores being over 700.

Re: Cant it be November already?

Epcot — Mon, 15 Oct 2012 22:52:43 GMT

That's great progress. Waiting is indeed so hard. I also just brought my util down by a bit and can't wait to see the change.

Re: Cant it be November already?

Aspireto850 — Tue, 16 Oct 2012 05:04:45 GMT

Fingers crossed for u!!!

So just for my education, is it the 5 yearpoint when lates fall off or hv the least impact?

Re: Cant it be November already?

Duncanrr — Tue, 16 Oct 2012 13:55:23 GMT

Most have a decreased impact at 5 years. They typically fall off after 7. (Plus 180 days I think). I've not seen anything about 90 day late at 5 year point resulting in score gain but I'm hoping it will.

Re: Cant it be November already?

Tay09 — Tue, 16 Oct 2012 14:32:04 GMT

Great job! I am also wishing November would hurry up. I have a couple of disputes I filed in the beginning of October, I can't wait to see the results.

Re: Cant it be November already?

Duncanrr — Tue, 16 Oct 2012 14:45:40 GMT

AMEX Delta already reporting to Experian. However, USAA has it a little mixed up. On one line it has my Delta card listed under EX and two spots over it has the charge card listed on the same line under TU. Chase Freedom not reporting yet but I just got the statement last night.