Hi, All,
I only recently discovered the forums and what a great help they are!! Even though I am a detail oriented person, I'm going to try and make this as short as possible. I currently have four collection/charge offs:
Gas - Opened 7/2003, Reported 5/2005, Paid Charge Off (reported by EQ and EX)
Electric - Reported 5/2005, Paid Collection (reported by EQ)
CA for Apt Complex - Opened 9/2001, Reported 6/2002, Paid Collection (reported by TU)
CA for Book Club - Opened 11/2005, Reported 8/2006 (currently reported by TU)
A note on the book club - ONLY reported to EX; negotiated to have collection removed from file once paid. It was removed from EX, but somehow, TU picked it up. I've received a letter from the CA for the book club to send to TU.
My question is, when can I expect the collections to fall off my reports? Will it be 7 yrs from the date opened or reported? Will my score increase once they come off?
Current FAKO scores:
660 - TU
685 - EX
662 - EQ (FICO Score 654)
Thanks in advance for any and all help.
