In the past few weeks, I have gotten two accounts out of collections and a judgement vacated. I'm waiting for the CBs to update. Will probably pull scores in a month.
This leaves two charged off accounts on my CR. One settled for less than full amount (Chase) and one I'm still paying off (BOA).
How much can I expect my CR to raise after the accounts in collection and judgement (hit report in March, 2012) are deleted? Someone said 5 points for a judgement. That would be pretty disappointing
I don't know what else to do after this. Based on the simulations here, even if I paid the open charged off account in full, my score still wouldn't improve much. The simulations never include remobing public records or negative accounts though. Not sure why.
I also made a huge mistake I think. I have one Cap One credit card (cl=500) and am an AU on a visa signature. My SO charged 1200 on the visa sig and now my utilization says 98%. I kid you not. Do I need to avoid "flexible spending credit cards" altogether?
So, getting disappointed and sort of lost...any deep thoughts would be much appreciated.
Credit At-A-Glance
Total past due [?] Credit history [?] Accounts with negative indicators [?]
$3,680 16 Years 2
Total balance of
Your revolving accounts [?] $20,075 (includes charged off acct currently paying on and 1200 from visa sig)
Your mortgages [?] None
Your installment loans [?] $0
Total number of
Accounts [?] 15
Accounts with balances [?] 3
Accounts opened in past year [?] 2
Recent inquiries [?] 1
Collections [?] 2
Public Records [?] 1
