I was wondering the same thing about my student loans. I've PFD 2 collections and paid down my CCs thinking my scores would take a jump but I've been getting poopy little point increases. What is tanking my scores? They're all in the low to mid 600s.
Negatives: 9-year-old BK, account with DOFD 4/07 went to collection 7/08 (trying to PFD), 4 30-day lates (all 12 - 36 months old), utility account that my ex was supposed to pay off but didn't (went 120 days late in early 2007, went to collection in 10/2008 but CA isn't showing on my report).
Other accounts: 3-year auto loan paid off in 2006 with no lates, current auto loan almost 3 years always paid on time, personal loan paid off and paid on time for two years, many student loan accounts that were paid on time and then were consolidated. Current loans in deferment. Several credit cards that were always paid on time. I closed most after paying them off. One open credit card with less than 10% utility. Utility account always paid on time.
My FICO reports are saying I have only a nine-year credit history. Is that because the BK wiped out accounts prior to that?
Message Edited by sidewinder on 05-17-2009 09:12 AM
