is 720+ with collections and lates in last 4 yrs possible?

[Anonymous]

I am very close to 720 on TU and EX, but I have collections and lates that are within the last 4 years. Some of the collections are marked unpaid. 720 seems a good score, but I'm worried that it doesn't matter much with the collections and lates. Perfect example: I have a Cap One card w/$500 limit. Called backdoor line to request CLI recently and was declined, and I'm betting it was because I have one 30-day late with them from about 3 years ago.

Any thoughts on this?

[marty56]

I have a single 120 day late on my CR which will be 4 years old in August and my scores are what you see in my sig.  EX was 760 last month but I dont know what it is now.

My util is really 0 but as you can also see in my sig, I let a small amount report and then PIF.

I have heard that a 120 day late is like a collection but I dont know the effect of multiple collections

Others may chime in here on this.

[Anonymous]

Hmm, interesting. Yeah, I don't know the chances of getting rid of the collections I do have. There are three unpaid parking tickets that I'm tempted to just call in to OSI and pay. It's less than $300 total. Sad that something I should have taken care of at the time can affect me so much, but all things pass with time and I've gotten my util down to less than 10%, so that should count for a lot.

[marty56]

You might have a better shot getting an unpaid collection off your CR via a PFD than me getting a GW from BofA for a zero balance account.  100% worth a shot.

[Anonymous]

Yeah, I was thinking of skipping the DV and doing a PFD on those ones. Any downside to that? I'm admitting that it's "mine" (which it is), but the SOL for my state has passed. Thoughts?

[llecs]

Always DV, even if you know it is yours. A DV established exactly how much is owed, by which to base your PFD off of. A DV determines who owns the debt (just in case the CA already sold it and failed to update the CRs). And a DV opens a line of communication with the CA because a CA doesn't have to respond at all to a PFD.

[marty56]

There are many people here who know about doing DV and PFDs.  I never had (luck) a collection