BofA GW (should I do it?)

marty56 · ‎12-21-2007

While I was in a DMP, I applied for credit and as a result, BofA removed me from the DMP and raised my minimum payment from 75 to 159 which cause the following to be reported on all 3 CRAs,

30 days late 1 time (Nov 2004)
60 days late 2 times (Jan 2005, Dec 2004)
90+ days late 7 times (Aug 2005, Jul 2005, Jun 2005, May 2005, Apr 2005, Mar 2005, Feb 2005)

I had never been late prior to that and after Aug 2005 when the account was placed back into DMP.

The account is now PIF.

I called them a month ago and they stated that since it was not an error and I did apply for new credit, they would not do anything.

My question is should a do a GW? Could it make it worse and also what type of boost would it do for my credit scores?

1/25/2021: FICO 850 EQ 848 TU 847 EX

jackg · ‎12-21-2007

DMP?

FICO scores on November 17, 2014 (prior to applying for and being approved my mortgage)

EX=738
EQ=735
TU=754

FICO scores on March 4, 2015 after being approved for mortgage and buying the home, the mortgage isn't yet reporting.
EX- 689 EQ- 739 TU- 739

MidnightVoice · ‎12-21-2007

jackg wrote:
DMP?

Debt Management Program?

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid