@Anonymous wrote:
I'm not sure if I am posting in the right place or not but I just got my fico scores from here and they were eq 609 tu 611 ex 598. I have a capital one secured card with 200 dollar limit and one coll account for a medical bill for 485 dollars. That I just paid off and an wondering what that will do for me since it is being completely removed from my credit. Also a frontier bill for 380 that says is deliquent . I haven't paid it on 2 years. I opened my secured card in July 2014 and haven't missed a payment and almost always have utilization under 10%. I just feel like I am not getting anywhere and I want to get a new noon secure card with a higher limit but I get denied for everything. I have 5 inquirys
1. Your collection account for $485 will update as paid which FICO doesn't care. You will get no boost in score for this, FICO score treats unpaid collection the same as paid and it will not fall off your CR until 7.5 years from DoFD.
2. Your one revolving account (CapOne secured) is still too new, you'll have to let it age more. I'd recommend trying to get 1-2 more credit cards.
3. Your frontier collection is hurting your score also, you will just have to wait for this to fall off.
Are both the collections you have on your CR recent? What are the DoFD?
@Anonymous wrote:
The 485 coll is from may 2014 and the frontier account for 380 is listed as a revolving account opened in June 2012 also the frontier account only lists on eq and ex
They both have to be deleted to really have a impact on your score, having one baddie is pretty much the same as having two. When my public record was removed from my CR, I saw 0 increase since I still had a paid collection.
@Anonymous wrote:
Yes but that 485 coll acct is the only baddie on tu at all and the only other thing is my credit card that is always paid on time. So there won't be anything else negative on tu. Also I can't get a card anywhere that isn't secured. I stopped trying about 4 months ago thinking that when I got rid of coll account I should try again.
ah okay well then on TU you should see a big score boost once that falls off. I would then apply for CapOne Quiksilver or Platinum card.
