My current FICO score is 706 and I would like to continue to bump it up so I'm hoping to have success with Goodwill Letters to get my current lates removed. Guidance from the experts will be greatly appreciated. Here's the good and the bad of my FICO Equifax score.
Current Score: 706
Good: Credit History - 18 years, low credit card usage (approximately 7% utilization), payments on time recently
Bad: Collections - 1 acct for $276 - Amsher. Date of first del 2/2006
Bad Pymt History
BK of America: 30 days late Aug 2008, 60 days late Sept 2008
GECRB Sams: 30 days late Feb 2008
CBNA/Home Depot: 30 days late July 2008, 60 days late Aug 2008, 90 days late Sept 2008
Chase: 30 days late April 2007
I was going through a horrible divorce in 2007 & 2008 and my mail was intercepted so I missed some payments. No lates since the Sept 2008 occurence noted above. I currently have a mortgage and 3 revolving cards - Chase Freedom, Barclay and Orchard Bank card
I plan to send Goodwill letters to the CEO's of each of these banks asking for deletion of the tradelines - removing them should not affect my credit history of 18 years. Hopefully their Problem Resolution team will have pity on me and delete them. Not sure how to approach AmSher as I've not heard good things about them.
Any suggestions? Thanks!
You don't want them to delete the TL's just the lates. Deleting accounts from your CR can lower you AAoA and if the accounts are open, raise your % util.