topic Re: 7 year mark accounts drop off CR in Rebuilding Your Credit

7 year mark accounts drop off CR

girouard68 — Fri, 12 Jan 2024 14:07:25 GMT

I have several accounts that will drop off of credit report this year. Eq 7 negative charge of drop off by 8/24; Exp 5 negative with 3 balance credit card charge off; TU 3 charge off and 4 other negative accts with 30 days late over 4 years. I have paid off credit card to reduce util from 15% to 3% this month. When all this update maybe in August meaning charge off with util at 3% will my score increase? Thanks for any inpute

Starting Score: EQ8 468, TU8 515, EX8 480
Current Score: EQ8 631, TU8 649, EX8 657 1/8/24
Goal Score: EQ8 780, TU8 780, EX8 780

Re: 7 year mark accounts drop off CR

Jordan23ww — Thu, 11 Jan 2024 15:20:42 GMT

Yes, as those charge offs begin to drop off you will see some increases in your scores, assuming there are no new negative items added in their place. Some items could even possibly fall off a little earlier than expected. I have had negative items fall off 2 to 3 months before the 7 year mark was reached. Hopefully something similiar happens for you too! Best wishes to you with your credit profile and credit journey!

Re: 7 year mark accounts drop off CR

girouard68 — Fri, 12 Jan 2024 14:09:13 GMT

@Jordan23ww how to do you make exp, eq, tran labels in your message?

Re: 7 year mark accounts drop off CR

JoeRockhead — Fri, 12 Jan 2024 14:23:56 GMT

@girouard68

Here's codes for the CRA score badges.... Here is a link to the thread if you want to browse through it for any more info.

Replace [SCORE] with your actual score.

Re: 7 year mark accounts drop off CR

girouard68 — Fri, 12 Jan 2024 15:06:36 GMT

Tk you

Re: 7 year mark accounts drop off CR

Blender — Fri, 12 Jan 2024 16:54:24 GMT

@girouard68 wrote:
I have several accounts that will drop off of credit report this year. Eq 7 negative charge of drop off by 8/24; Exp 5 negative with 3 balance credit card charge off; TU 3 charge off and 4 other negative accts with 30 days late over 4 years. I have paid off credit card to reduce util from 15% to 3% this month. When all this update maybe in August meaning charge off with util at 3% will my score increase? Thanks for any inpute

Starting Score: EQ8 468, TU8 515, EX8 480
Current Score: EQ8 631, TU8 649, EX8 657 1/8/24
Goal Score: EQ8 780, TU8 780, EX8 780

It might also be helpful to list the dates each account is expected to remain on your profile until.

For reference you can request early exclusion of those accounts before 7 years at the following times:

EX 90 days

EQ 30 days

TU 180 days

Re: 7 year mark accounts drop off CR

SouthJamaica — Fri, 12 Jan 2024 20:23:23 GMT

@girouard68 wrote:
I have several accounts that will drop off of credit report this year. Eq 7 negative charge of drop off by 8/24; Exp 5 negative with 3 balance credit card charge off; TU 3 charge off and 4 other negative accts with 30 days late over 4 years. I have paid off credit card to reduce util from 15% to 3% this month. When all this update maybe in August meaning charge off with util at 3% will my score increase? Thanks for any inpute

Starting Score: EQ8 468, TU8 515, EX8 480
Current Score: EQ8 631, TU8 649, EX8 657 1/8/24
Goal Score: EQ8 780, TU8 780, EX8 780

It does appear that your scores should improve significantly.

Re: 7 year mark accounts drop off CR

Jordan23ww — Mon, 15 Jan 2024 00:17:07 GMT

@girouard68 wrote:
@Jordan23ww how to do you make exp, eq, tran labels in your message?

@girouard68 I used these formulas for those lables. Just copy and paste these in your signature and input your score in the brackets.

Experian:

Transunion:

Equifax:

Hopefully this makes sense and helps you!

Re: 7 year mark accounts drop off CR

Jordan23ww — Mon, 15 Jan 2024 00:19:41 GMT

@Jordan23ww wrote:
@girouard68 wrote:
@Jordan23ww how to do you make exp, eq, tran labels in your message?

@girouard68 I used these formulas for those lables. Just copy and paste these in your signature and input your score in the brackets.

Experian:

<img src="https://img.shields.io/badge/Experian-[SCORE]-purple.svg" />

Transunion:

<img src="https://img.shields.io/badge/TransUnion-[SCORE]-purple.svg" />

Equifax:

<img src="https://img.shields.io/badge/Equifax-[Score]-purple.svg" />

Hopefully this makes sense and helps you!

@girouard68 I forgot to mention that you can change the color. I typed purple because I wanted them to be purple. You can change the word purple to the other colors you'd prefer. You can always edit it and keep changing the color until it meets your approval.