topic Re: Quick Thank You With Everyones Help! in Rebuilding Your Credit

Quick Thank You With Everyones Help!

Anonymous — Tue, 24 Mar 2009 15:17:08 GMT

On 3/19 - I emailed a GW letter to get the reporting deleted and they did! First try and everything!!!! Hopefully this will help my score climb higher as I fix the blemishes from other accounts...but I wanted to say thank you for all the great advice I have receieved so far!!

Re: Quick Thank You With Everyones Help!

llecs — Tue, 24 Mar 2009 16:35:54 GMT

Congrats

Re: Quick Thank You With Everyones Help!

Anonymous — Tue, 24 Mar 2009 19:46:56 GMT

Way to go!

Re: Quick Thank You With Everyones Help!

Anonymous — Tue, 24 Mar 2009 22:42:45 GMT

Tullz,

Wow, on the first try, that seems rare nowadays. Congrats.

Re: Quick Thank You With Everyones Help!

Anonymous — Tue, 24 Mar 2009 23:00:51 GMT

I wish I knew if this was going to help my score jump up again! Hopefully

Re: Quick Thank You With Everyones Help!

llecs — Wed, 25 Mar 2009 18:53:29 GMT

tullz85 wrote:
I wish I knew if this was going to help my score jump up again! Hopefully

Depends...was this an OC or CA? If an OC, is this older than your avg. age (AAoA) and how was it reporting? If a CA, how old was it and how many are still reporting?

Message Edited by llecs on 03-25-2009 02:53 PM

Re: Quick Thank You With Everyones Help!

Anonymous — Wed, 25 Mar 2009 22:21:18 GMT

It was a CA. It was 3 months I believe. The OC said I could pay them, then the CA said no to that, so technically 3 months.

I'm unsure if you mean how many other CAs are reporting things or if you mean what is that CA reporting..

Re: Quick Thank You With Everyones Help!

llecs — Wed, 25 Mar 2009 22:30:27 GMT

The number of CAs reporting play a big role in how many points you'd get back. If you have 10 CAs remaining, for example, removing one likely won't help your score. However, congrats on this one. If removed, and if your last CA, then I bet you'd see a large increase in your FICO score. I had a surprise CA pop on recently and departed fairly quickly. I gained over 60 points on TU. And before EX stopped allowing us to pull our own FICO score, I had seen a 103 point drop. I estimate that I got all 103 points back and then some once it was removed.

Re: Quick Thank You With Everyones Help!

Anonymous — Wed, 25 Mar 2009 22:56:51 GMT

Oh, I see what you mean, thanks!

I believe I have 2 medical ones to clear up (Doctors office's fault on one, then a screw up at the pharmacy on another)

Then 1 is being taken care of at the end of this month. I'm going to try to get a PFD if possible

One is my student loan, but that should have been deferred rather than reporting late/missed payments, so that should clear up soon!

Then lastly, I have one more after that

So, 1 is taken care of out of 6 technically..

Message Edited by tullz85 on 03-25-2009 03:56 PM

Re: Quick Thank You With Everyones Help!

Anonymous — Wed, 25 Mar 2009 22:34:01 GMT

llecs,

Very true. I had 3 medical collections. As each one was removed, I say a small bump, maybe 10 points or so. But when the last one was removed and I was collection free, it was quite a nice pop. So I think it's all dependent on how many collections are listed. The last one should be key.

Re: Quick Thank You With Everyones Help!

llecs — Wed, 25 Mar 2009 22:58:59 GMT

Donks3369 wrote:

llecs,

Very true. I had 3 medical collections. As each one was removed, I say a small bump, maybe 10 points or so. But when the last one was removed and I was collection free, it was quite a nice pop. So I think it's all dependent on how many collections are listed. The last one should be key.

Law of diminishing returns.

Re: Quick Thank You With Everyones Help!

llecs — Wed, 25 Mar 2009 23:00:42 GMT

tullz85 wrote:

Oh, I see what you mean, thanks!

I believe I have 2 medical ones to clear up (Doctors office's fault on one, then a screw up at the pharmacy on another)
Then 1 is being taken care of at the end of this month. I'm going to try to get a PFD if possible
One is my student loan, but that should have been deferred rather than reporting late/missed payments, so that should clear up soon!
Then lastly, I have one more after that

So, 1 is taken care of out of 6 technically..
Message Edited by tullz85 on 03-25-2009 03:56 PM

It may be worth considering using the HIPAA process. I'm HIPAA clueless. If you want more info on removing medical CAs, consider posting over in the new Medical board.

Re: Quick Thank You With Everyones Help!

Anonymous — Wed, 25 Mar 2009 23:06:18 GMT

I'll give it a try, just trying to clear one up at a time

I just sent in a GW letter to my student loan company explaining their error and what was happening, so hopefully they clean those up for me.

I also am sending one to my credit card company too, so hopefully those will also be fixed.

Then I'm going to try to get a PFD from my bill that's being payed at the end of the month, that should all help!

Does it help when companies stop reporting late payments? I know that stuff contributes a big chunk of your score..

Re: Quick Thank You With Everyones Help!

llecs — Wed, 25 Mar 2009 23:26:57 GMT

If the lates disappear, then your score could bump. If they stop from this point forward, then the score damage will have a chance to diminish over time.

Re: Quick Thank You With Everyones Help!

Anonymous — Wed, 25 Mar 2009 23:40:34 GMT

Ah, so getting my CA account deleted in essence should give me a small boost hopefully!

I'm also working on bringing my util down from a 90% down to a 40% by the end of April. I've been reading that should help quite a lot

Re: Quick Thank You With Everyones Help!

llecs — Wed, 25 Mar 2009 23:44:39 GMT

Bring your util down by that amount should help you quite a bit.

Re: Quick Thank You With Everyones Help!

Anonymous — Wed, 25 Mar 2009 23:53:02 GMT

I read different numbers...is 30% the goal or 40%? I'd rather get this right the first time

Re: Quick Thank You With Everyones Help!

llecs — Thu, 26 Mar 2009 00:51:00 GMT

Neither. Ideally get all cards below 9% with 1/2 of your CCs reporting $0.

Re: Quick Thank You With Everyones Help!

Anonymous — Thu, 26 Mar 2009 00:58:46 GMT

Everyone here is full of such wisdom!!!

I'd still want a bank CC then, and a department store CC that doesn't show Mastercard/Visa, etc on it yet then too?

I'll have to shoot for that lower goal then, I read 30-40% was good!