topic Re: TRANSUNION Removed 3 Collections EARLY! Score question ?? in Rebuilding Your Credit

TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Wed, 11 Mar 2015 23:52:29 GMT

Hi all! So last month after reading this forum, I decided to write TU for a Good Will delete 6 months early on THREE very negative tradelines / CO. To my shock, they first deleted my Capital One account for $2500 CO 6 months early, then a week later deleted a KEY checking account for $900 early and a T-Mobile charged off account for $1,100. Please don't judge, these are all from nearly 7 years ago during a very hard time in my life. My credit since has been reestablished wonderfully. I have over 11 current student loans, an auto loan for 1 1/2 years CURRENT, never late and a BARCLAYCARD with $1500 limit and a Credit One card with $400 limit, all current.

With all this great information reporting, I am shocked to see my credit score has not budged at ALL, even with THREE collection removals in the past week. Is it too soon to reflect a change? I was told the score should sky rocket after these removals, and my positive trade lines now. Can someone please give me insight? My score according to TU is 570.

Thank you in advance for any and all input !!!

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

gdale6 — Thu, 12 Mar 2015 00:24:25 GMT

@Anonymous wrote:
Hi all! So last month after reading this forum, I decided to write TU for a Good Will delete 6 months early on THREE very negative tradelines / CO. To my shock, they first deleted my Capital One account for $2500 CO 6 months early, then a week later deleted a KEY checking account for $900 early and a T-Mobile charged off account for $1,100. Please don't judge, these are all from nearly 7 years ago during a very hard time in my life. My credit since has been reestablished wonderfully. I have over 11 current student loans, an auto loan for 1 1/2 years CURRENT, never late and a BARCLAYCARD with $1500 limit and a Credit One card with $400 limit, all current.

With all this great information reporting, I am shocked to see my credit score has not budged at ALL, even with THREE collection removals in the past week. Is it too soon to reflect a change? I was told the score should sky rocket after these removals, and my positive trade lines now. Can someone please give me insight? My score according to TU is 570.

Thank you in advance for any and all input !!!

Grats to getting the early exclusion on the 3 accounts

If these are your only derogs then there should be a score increase it may take several days for monitoring services to pick up the deletions and let you know of a score change. If they are not your only derogs then the bump is going to be muted. If you want to help your score I suggest you open 2 more bankcards, then cancel that Credit One, I would also get 1 store card to add to that mix. You say your score is 570 according to TU so that could very well be a FAKO and not a Fico score at all.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Thu, 12 Mar 2015 00:41:36 GMT

Thank you! Actually the 570 is my FICO, listed on my Barclay account. I do have 2 more derogs - very old, one year left to go until auto age-off. That's it, though. All other accounts reporting as current. My UTIL is high right now, that may be keeping it down .. lost a job, but started a really good new one as a nurse so I will pay those down very soon to under 25%. However I can't imagine that those deletions wil have NO effect at all. Perhaps when my FICO score re-cycles end of the month it will pick up the 3 deletions as a positive change and the score will rise !

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Thu, 12 Mar 2015 00:43:23 GMT

Also as a side note -- I do not think I will get approved for any more credit cards with my score under 600, until that bump comes along, so I can't really open any more cards I am thinking.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

someg33k — Thu, 12 Mar 2015 03:57:57 GMT

YMMV but in general by the time a negative has aged that long it really has very little impact to score, if any. However during a manual review for credit it could make the difference between approval or not or the terms, if those are gone from the report. Based on my experience anyhow.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Thu, 12 Mar 2015 19:13:38 GMT

couple questions:

How old are the Barclay and Credit One accounts?

What is the balance/limit on each?

Do you have an OC revolving accounts reporting a CO and balance remaining?

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Legen_dary — Thu, 12 Mar 2015 19:39:00 GMT

Grats OP, I'm hoping to get some early exclusions this July. I can't wait to have a full clean report (hopefully before) next January!

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Thu, 12 Mar 2015 19:43:16 GMT

@ Norman - my Barclay account is 4 months old, my Credit One about 6 months old. Barclay has a $1500 limit with a $1,000 balance and Credit One has a $400 limit with $50 balance. I also have a CARE CREDIT / SYNCBANK card with a $3,000 line and a $1,500 balance (0% APR - taking advantage!!). Any insight would be appreciated to the fullest! I really want to see these scores boom!

And thank you for the congrats, all !

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

App_Addict — Thu, 12 Mar 2015 20:15:03 GMT

Congratulations on your success!

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Thu, 12 Mar 2015 20:19:41 GMT

Biggest score boost you would see is to get those balances down so only one card reports less than 10% of its limit. I would suggest apping for a Capital One card (or two), and dumping Credit One ASAP. Capital One is far, far better for rebuilding, they will upgrade your cards and be very generous with credit limits as your building, as long as you use their cards a lot, but keep them paid down.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 00:05:20 GMT

Norman, probably not an option as Cap One was one of my charge offs from 6-7 years ago, and I did not pay it off due to financial strain, and it is off my CR for good now. Trite perhaps, but the CL was only $500 and they wanted $2600 from me. No. Way! So I really do not have much of a choice in termso f Credit One, i'm thinking..

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 00:42:41 GMT

Joey: I have a JUDGEMENT from cap 1 from 2008, and I was approved for a new unsecured card from them.

This board is FILLED with ppl who owe cap 1 and still get approved by them. I really suggest you try them.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 00:56:55 GMT

The score change may simply not be showing on myfico yet. I suggest buying one of their single reports for 13$ and seeing if it shows up there.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 01:14:00 GMT

Maybe I will give Cap one a try ! That would be interesting if it approved especially with my scores still ahowing under 600. But we will see ! Can you provide any links to those stories ?

And I have my credit monitoring for TU -- updates report and score daily. Still showing the same after all 3 deletions. I dont get it

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 10:58:44 GMT

Joey: I'm posting with my ancient dinosaur of a smart phone:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Have-a-low-500-Score-and-think-you-have-it-bad-Read-This/td-p/3542535

There is a cap one preapproval site, just see what they offer you. Or you can go the secured card route, SDFCU is awesome.

Just hold on hopefully someone else can help with links.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 15:44:35 GMT

*** THIS JUST IN: I was able to get the right Rep on the line at BARCLAY Recon, and he raised my limit to $3,000, thus helping to DECREASE my UTIL majorly !!! I am so excited... 5 other reps denied me!!! Luck of the draw my friends, luck of the draw. So, now I will let that report, pay down the balance and hopefully watch my score go BOOM combined with those 3 removals.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

gdale6 — Fri, 13 Mar 2015 17:21:25 GMT

@Anonymous wrote:
*** THIS JUST IN: I was able to get the right Rep on the line at BARCLAY Recon, and he raised my limit to $3,000, thus helping to DECREASE my UTIL majorly !!! I am so excited... 5 other reps denied me!!! Luck of the draw my friends, luck of the draw. So, now I will let that report, pay down the balance and hopefully watch my score go BOOM combined with those 3 removals.

Grats on the CLI

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 19:10:24 GMT

@Anonymous wrote:
Norman, probably not an option as Cap One was one of my charge offs from 6-7 years ago, and I did not pay it off due to financial strain, and it is off my CR for good now. Trite perhaps, but the CL was only $500 and they wanted $2600 from me. No. Way! So I really do not have much of a choice in termso f Credit One, i'm thinking..

That *really* should not be a problem - one more good thing about Cap One is that they do NOT blackball for old defaults. As long as you don't have an account that went to CO within the last year or two, they WILL allow you back in.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 19:15:46 GMT

I have a judgement from Cap 1 (settled). I current have a Cap 1 MC, QS1, and a $25k auto loan with Cap 1. I also have Cap 1 360 checking and savings accounts. Cap 1 was the first company to give me a credit card in about 10 years. In fact getting their card was what sparked my desire to rebuild. They are very forgiving.

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Anonymous — Fri, 13 Mar 2015 19:42:25 GMT

Rising, congrats on those feats!!!! Amazing! However, my charge off with them is NOT PAID and is from 2008ish. So maybe that will make a difference. However they did DENY me a Cap One Checking a year ago, so maybe not! I just got a huge increase with BARCLAY to $3,000 so I'm set for some time. Ill garden until maybe end fo summer, then request a CLI to $5,000. :-) By then ym score should be mid-600s.

topic Re: TRANSUNION Removed *3* Collections EARLY! Score question ?? in Rebuilding Your Credit

TRANSUNION Removed *3* Collections EARLY! Score question ??

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Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

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Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

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Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

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Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

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Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

Re: TRANSUNION Removed *3* Collections EARLY! Score question ??

topic Re: TRANSUNION Removed 3 Collections EARLY! Score question ?? in Rebuilding Your Credit

TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

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Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

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Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

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Re: TRANSUNION Removed 3 Collections EARLY! Score question ??

Re: TRANSUNION Removed 3 Collections EARLY! Score question ??