Transunion Score

[IwillWIN]

What could be hindering my Transunion score from moving? This score has only moved 1 point in several months. I have 5 late payments non over 90 days. 1 Collection that I am now paying to have deleted. UTI is 2% ($44.00), only have 3 credit cards(1 with a balance)and 5 inq over last 2 years. What could be the problem?

[Anonymous]

The five lates are killing you, especially any of them at 90 days. That’s a very serious derog and multiples of them will eviscerate your score. Tack on the collection and it’ll be very hard to realize gains from other moves you make.

I would look up the Goodwill Saturation Technique and apply that to the lenders with whom you have the lates. If you could get those deleted or changed to “no data” on those accounts, it would go a long way to recovering your scores.

[CreditInspired]

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@IwillWIN wrote:

What could be hindering my Transunion score from moving? This score has only moved 1 point in several months. I have 5 late payments non over 90 days. 1 Collection that I am now paying to have deleted. UTI is 2% ($44.00), only have 3 credit cards(1 with a balance)and 5 inq over last 2 years. What could be the problem?

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Honestly, you’ve answered your own question. Late payments stay on one’s credit report for 7 years. It’s a huge negative impact because payment history accounts for 35% of credit scoring. 

[CreditInspired]

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@Anonymous wrote:
The five lates are killing you, especially any of them at 90 days. That’s a very serious derog and multiples of them will eviscerate your score. Tack on the collection and it’ll be very hard to realize gains from other moves you make.

I would look up the Goodwill Saturation Technique and apply that to the lenders with whom you have the lates. If you could get those deleted or changed to “no data” on those accounts, it would go a long way to recovering your scores.

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^^^^ this

[IwillWIN]

Thank you, I'm on it