@acavaliero Yeah the information I need depends upon the type of question asked, but the information I ask for allows me to approximate scorecard and evaluate utilization, so I’m able to give the best answers that I can. The only thing really missing on what you posted is the dates the first delinquency (DOFD) on the baddies.
If you’ve got CK and Experian you’re doing great. Experian is typically the first one to update usually. You can go to Experian and pull up the specific account and look for when the balance was updated last and that will tell you what date they reported on. Likewise you can go back and look at your reports from the past on Experian and see whether or not that was consistent or if there are other dates they have been reported on as well.
Likewise you can go to Credit Karma and pull up the account and look for the last update as well. Most lenders consistently report on the same day each month give or take a day.
Some lenders report sporadically and unreliably like synchrony. I don’t have personal experience with the petal, but if they waited three months to report, they may be another lender that’s unreliable for reporting dates.
With that said, after reviewing the information you posted, I want you to know that you can only have one chargeoff status per account. It doesn’t matter how many you see on one account, that’s just an update of the current status. What happens is a lender has the right to update your account each month with the chargeoff status.
Once it’s chargeoff status, it is chargeoff status. Status simply goes by the worst delinquency at least you do not have any collections it appears. But those chargeoffs that are unpaid could be referred to collections which would cause an additional reduction in score.
Some lenders choose to update monthly. It’s unfortunate when they do, because it keeps the charge off current and prevents it from aging which continues to suppress your score.
Once you pay them or settle them, they will update it to paid or settled and then there will be no more updates and the charge off will begin to age and overtime your points will begin to recover.
With that said, they will hurt until they are removed from your report. That’s typically seven years from the DOFD. you can find the removal date or DOFD on your credit report directly from annualcreditreport.com.
The main thing you need to address is the COs. But depending on when the DOFD is, you may choose to proceed in different ways.
You are in a dirty scorecard, so you’re probably gonna have a maximum score that you can reach until you are reassigned to a different scorecard.
The two things I see for you is number one address the COs and in the meanwhile you gotta keep utilization low to try to get to the highest score you can.
Do you have any other specific questions I can help you with? See if you can get the DOFD’s for me. And please confirm you have no collections.
