one baddie ready to drop

lisac · ‎05-20-2008

i've got an old mbna credit card settled for less than owed. most of it was interest and fees. boa took over so its showing as boa. tu says i will drop 9/08. 2 lates 4/06 and 5/05 on one account. good since then. util from 83% now to about 48% and falling. you can see my scores. any guesses what my score will be like when this drops?

Anonymous · ‎05-20-2008

Hi lisa,

If this is the last baddie on your reports, don't be

suprised if your scores pop 50-70 points.

We had a forum member in a similar situation last month.

He had a 690 Equifax before the last baddie dropped. Once

it dropped, his score shot up 70 points to 760!. He went online

to BMW Finance and got pre-approved for a brand new car and

then picked it up at a local dealership later that afternoon. When

he got to the dealership he found he'd also been pre-approved for

a BMW Visa card, so he accepted that as well. And all because his

last baddie dropped. How sweet is that???!!!

So yes, when the last baddie drops from a credit report (assuming

the rest of your accounts are in good standing). scores can really

skyrocket.

Good luck to you!

CanDo

"The right attitude is everything"

lisac · ‎05-20-2008

that sounds realy sweet!!!!! i will just be happy to have good credit! it is the only baddie except for the 2 lates i mentioned. maybe i will get out of low cl hell. lol my husband has a chase 7500 union cc 8200. my highest cap 1 3k. amex 1k cap 1 2nd 1.5k wamu 1k. thanks for the response. made my day

Anonymous · ‎05-21-2008

I have one small medical collection from 2001 ($85) that is scheduled to drop off in August. It is only reporting on EX, and my EX is 620 where EQ and TU are ~690. Hopefully I can get a nice bump to get all 3 reports within 10-15 points of each other!

This is my FINAL baddie to go away. For the first time in almost 15 years, I will have no lates, collections, BK or anything else bad - now I just gotta work on util!

Message Edited by Phouchg on 05-21-2008 08:42 AM

lisac · ‎05-21-2008

thats great. im excited for you too. let me know what happens when it drops.