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if 7 collections *poof* disappeared...

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Anonymous
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if 7 collections *poof* disappeared...

pull out your crystal balls for me....okay, that didnt sound kosher.....but anyway....
 
i am back and forth on scores lately, right now 594, 641, 657, and i have 7 collections dropping between september '07 and january '08.
 
once they are gone, all three reports are clean.  i know i will get hit for opening a few new accounts in the past couple of weeks, but they will put my ut at 8% when they report.  my ut will likely be 4-5% by january '08.
 
can anyone guesstimate how much i might gain from them thar' collections disappearing?
Message 1 of 13
12 REPLIES 12
MidnightVoice
Super Contributor

Re: if 7 collections *poof* disappeared...

Well, I calculate that one 6 year old collection is worth 40 points.  So 7x40=280 which should put you at 900   Smiley Very Happy
 
But probably 7 collections over 6 years old is not that much worse than 1, so don't get too excited.  Smiley Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 2 of 13
Anonymous
Not applicable

Re: if 7 collections *poof* disappeared...

Dog, can we AU your lines hehe!.....you will be the man!!!!
Message 3 of 13
Anonymous
Not applicable

Re: if 7 collections *poof* disappeared...

Dog...Equifax lent me 29 points a couple days ago for having a collection removed....Experian was not so generous...only 12 points.
Message 4 of 13
Anonymous
Not applicable

Re: if 7 collections *poof* disappeared...

Oh...and TU has not updated yet....lol
Message 5 of 13
fused
Moderator Emeritus

Re: if 7 collections *poof* disappeared...



dog wrote:
pull out your crystal balls for me....okay, that didnt sound kosher.....but anyway....
 
i am back and forth on scores lately, right now 594, 641, 657, and i have 7 collections dropping between september '07 and january '08.
 
once they are gone, all three reports are clean.  i know i will get hit for opening a few new accounts in the past couple of weeks, but they will put my ut at 8% when they report.  my ut will likely be 4-5% by january '08.
 
can anyone guesstimate how much i might gain from them thar' collections disappearing?


No one knows for sure how many points you will get.  But I would like to take a stab at it. 
 
All baddies removed maybe 30-40 points, I assume they are old.
Util 1-9% on all revolving TLs ?? points
Bigger CLs on CCs 20 points
 
Your new scores: 354, 369, 388 JKSmiley Tongue
 
Remember this is a guess, nothing empirical here.
 
Assuming all three CRAs are reporting exactly the same info (not sure if this is possible)
 
Your scores should be 745-765
Message 6 of 13
Anonymous
Not applicable

Re: if 7 collections *poof* disappeared...

thanks guys, for taking a look at my stuff....**bleep**, that didnt sound kosher either....
 
i am hoping to hit lucky 7s on all three by next summer.  it would be great if i got them by february. 
 
i give:
 
fused the award for reading my mind on where i want to be
midnight the award for most optimistic
obsessed the award for what will happen knowing my luck
 
and confused, i will do you one better and make you joint on all of my accounts. Smiley Very Happy
 
 
Message 7 of 13
Anonymous
Not applicable

Re: if 7 collections *poof* disappeared...

Done....Dog!!!!
Message 8 of 13
Anonymous
Not applicable

Re: if 7 collections *poof* disappeared...

okay, just send me your name, dob, ssn and mother's maiden name.  ahahahha.  j/k.
Message 9 of 13
Anonymous
Not applicable

Re: if 7 collections *poof* disappeared...

HAHAHAHAHAHA!!!!!
Message 10 of 13
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