I wouldn't do shopping cart trick, your too close to better cards.
Call the CRA (TU example) and ask for an early exclusion. This is something they regularly do, not a trick not a secret. Just a policy of theirs. EX I think is a bit harder but your less than a year out!
How old is the repo? Does that currently report monthly?
Is there an entry for original creditor and Collection agency for the bad accounts? If so make sure that you request early exclusions for both!
After the accounts stop updating monthly even with other derogatory marks your scores will rise. I would then try for a Barclaycard, rewards, when you hit say 630-650.
If you are patient now, by end of the year when only the repo is listed (if that's not due to fall off?) you will be in better position to get good cards either by auto approval or recon, definitely recon. Keep those valuable HPs low they will help you later aswell as the AAoA.
Call the CRA (TU example) and ask for an early exclusion. This is something they regularly do, not a trick not a secret. Just a policy of theirs. EX I think is a bit harder but your less than a year out!
How old is the repo? Does that currently report monthly?
Is there an entry for original creditor and Collection agency for the bad accounts? If so make sure that you request early exclusions for both!
After the accounts stop updating monthly even with other derogatory marks your scores will rise. I would then try for a Barclaycard, rewards, when you hit say 630-650.
If you are patient now, by end of the year when only the repo is listed (if that's not due to fall off?) you will be in better position to get good cards either by auto approval or recon, definitely recon. Keep those valuable HPs low they will help you later aswell as the AAoA.
I just noticed that the CA for BoA CC is still reporting to TU where as I don't see an entry for OC in my report (Ex and Eq are different - they got both OC and CA entries). can they still report? Is that legal?
BTW I just realized my AAoA is 8 years in Ex and Eq. not 5 years as previously stated.
Yes, CA can continue to report even with the absence of the OC on your reports.
AAoA will drop a little. Say one 7yr old baddie drops off that's 84 months of history. Now count how many accounts you have reporting, open and closed. Divide 84 by number of accounts, we'll say 21 for this.. you will lose 4 months AAoA.
Good news is TU is the easiest for early exclusions. So your TU file will take a huge jump with that account deleted. The account is the only one reporting monthly so it is hurting you an awful lot. Mind you, your reports won't be cleaned yet so temper the expectation a bit but I think you will be mid 600s if they remove the BofA collection. You may have a couple months until chase is removed.
Submit BofA and the CA to all CB for early exclusions. Report back new score and you may be ready for a Barclaycard Rewards. Not great but it is a major and with a great company.
8yrs is even better! Keep it up!
AAoA will drop a little. Say one 7yr old baddie drops off that's 84 months of history. Now count how many accounts you have reporting, open and closed. Divide 84 by number of accounts, we'll say 21 for this.. you will lose 4 months AAoA.
Good news is TU is the easiest for early exclusions. So your TU file will take a huge jump with that account deleted. The account is the only one reporting monthly so it is hurting you an awful lot. Mind you, your reports won't be cleaned yet so temper the expectation a bit but I think you will be mid 600s if they remove the BofA collection. You may have a couple months until chase is removed.
Submit BofA and the CA to all CB for early exclusions. Report back new score and you may be ready for a Barclaycard Rewards. Not great but it is a major and with a great company.
8yrs is even better! Keep it up!
AAoA for Fico purposes only counts open/closed OC accounts, CAs and PRs are excluded.
Oh, good to know.