Potential Score Increase after Charge-off removed?

[Boxersrams1998]

Hello,

Long time forum follower, first time poster! I started my credit repair journey roughly 10 months ago in quest to improve by FICO mortgage scores. I’ve had a quite a bit of success (knock on wood) with goodwill deletion of a Prosper Charge-off, and Capital One card full of lates (30, 60, 90 late). My recent success was getting a Sofi charge-off agreed to be deleted from all three (3) CR’s. Deletion hasn’t hit reports yet, so I’m was wondering what type (if any) score gain I would be looking at, especially on my mortgage scores?

Baddies

AMEX - January 2019 (30 day late,  April 2019 (30 day late)

Capital One- December 2017 (30 Day late). Different card then one that was deleted.

Lending Club -  June 2018 (30 day Late), July 2018 (60 day late), August 2018 (90 day late).Was able to get current and pay off loan on-time.

SOFI Charge off,  Zero balance. Damage was done April 2018 (30 day late) , May 2018 (60 Day Late), June 2018 (90 Day late), July 2018 (CO), August 2018 (CO) then was a reported CO again in January 2021.  Goodwill deletion!

Credit Profile:

Chase Sapphire AU $29,000/$564

Chase Freedom AU $9,000/$0

AMEX Blue  $1,000/$179

Capital One $500/$0

AAoA – 4 years, 3 Months

Current Fico 8’s: Ex 685, TU 650, EQ 645

Mortgage Scores: EX 635, TU 657, 637

[Anonymous]

@Boxersrams1998 of course we wouldn't be able to give you a good guess on this, but is this your last remaining derogatory? This is your final charge off being removed?

I had my only CO removed on TU and gained +70pt last month bring my TU F8 to 716! It was super exciting! My TU 4 (mortgage score) only gained +18pt (703 > 721). I still have 3 collection accounts and 2, 8, or 10 x 120d lates left (I am equally as confused lol), though, so my score is stuck for 3 more months until they all age off at that time.

My experience will probably not be reflective of yours. Mine had not updated regularly and took just shy of the entire 7 years to come off. So the impact may be greater or less than that. It will depend on many factors. Like was the age of the account boosting your average age of accounts up?

[Draff8]

Hello @Boxersrams1998 Boxersrams1988! Would you mind sharing any insight on your actions to get the Prosper goodwill removal? Thank you!!!

[FireMedic1]

Welcome @Draff8 

The thread is 3 yrs old and the original poster only posted once. The second reply is someone who was purged or cancelled their account. You can start your own thread so members can help you out.

[markbeiser]

[Draff8]

Hello @FireMedic1 and @markbeiser ! Thank you, I started a new thread.