I recently paid off my utility bill that reports to experian & equifax. I've been using several different free sites to help monitor my credit. Credit Sesame said I had a 547 point decrease and can't be scored now. The only other lines of credit I have are less than 2 months old. So when can I get my score back? I know it is fako, but it's helpful for me to gague my increases. Show 3 collections. No judgements. Utility was 3 1/2 years old. AAoA now 1 year, 2 months. 10 inqs.
A total 547 point decrease? I can't sy for sure, but it sounds like maybe you have a "thin file" now upon closing that utility account, but I can't say for sure. Do your collections show on CresitSesame? Or is that from EQ? Do you have any of your official reports? It's a little vague and hard for me to understand 100%.
CreditSesame only has reporting from EX. Credikarma gathers reports from TU, and Quizzle gets reports through EQ. Do you have either of the other two, if not your full reports?
i have all 3 official reports and got them all within the past month. CreditKarma can never get a score ("thin file") and quizzle has me at 553 but isnt reporting my fingerhut account yet. But it still scores me?
My guess is the thin file now, too. My exp report says "paid, closed" while my equifax just says "pays as agreed. type of account - open"
i still have my account open, just nothing past due. would it be better for me to ask them to report it as open instead of closed? idk if they can even do that now that im just paying my bill as it comes.... the recent lates on this account are whats really hurting. And the collections. Trying to take care of them now.
@jbishop1001 wrote:i have all 3 official reports and got them all within the past month. CreditKarma can never get a score ("thin file") and quizzle has me at 553 but isnt reporting my fingerhut account yet. But it still scores me? - EQ has always seemed to get more entries, at least from what I've seen. I mean, EX shows me as a thin file, yet TU has two collections, and EQ has seven collections, different from the two on TU. I think maybe EQ is the most reported to, or something.
My guess is the thin file now, too. My exp report says "paid, closed" while my equifax just says "pays as agreed. type of account - open" - Perhaps it's not reported to EQ as closed yet? That may the difference here.
i still have my account open, just nothing past due.(Is EX reporting Fingerhut incorrectly, then?) would it be better for me to ask them to report it as open instead of closed? (I'd get another opinion on this, I'm not sure with this, I think maybe more information is needed before making a decision.) idk if they can even do that now that im just paying my bill as it comes.... the recent lates on this account are whats really hurting. And the collections. Trying to take care of them now. (Maybe try GW letters? I wish I had better insight on this for you. I don't know about your specific credit files, and I'm not an expert on this subject. Just trying to help, at least a little. As for the collections, that I do have some knowledge on now. Find out what the DOD is for your collections, and what the SOL is for your state, and I might be able to help a bit more there. I hope others have insight, too.)
the 3 collections are on all 3 reports, btw.
and the reports i have were received before fingerhut began reporting, so thats not even reflected, yet.
the dod on collections is sept & oct of 2015. SOL is same months of this year.
tried GW with dte twice. they hate me for being late so much, so no luck there.
want to do pfd when SOL runs out on collections, but afraid theyll tell me no. theyve already told me not unless its PIF, which i refuse to do on this debt for multiple reasons. i do just want them gone, but i wont waste everything i have saved for my home loan on it. especially since the only reason i need it gone is for score increase. its not a condition to get the loan or anything. by the time i come up with the $800, it will be feb 2015 & then i might as well wait for them to fall off. i just dont want to wait another YEAR!
If i could, id get an installment loan but idk how with my score & the collections.
You're going to need those accounts reporting for a minimum of 6 months in order to generate a score.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
Maybe the GW will work better later down the road, if you are current and PIF monthly from here on out.
I'd wait to deal with the collections until they are outside the SOL. Once you're outside the SOL, send DV letters, since once outside the SOL, the CA can't validate the debt. But you say the DOD is sept/oct 2015? That's not right. If that's a typo, understandable, but the DOD would be something like sept/oct 2008 or something, a date in the past. What does your report say the Date of Last delinquency/Date of Service is?
If the SOL is up this year, I'd wait. If next year, save up to pay it in full. Once you HAVE the full amount, you can attempt a PFD again for a lower amount, and possibly get it, but if they deny the PFD and try to sue, you'll be able to PIF. If you wait, DON'T PFD when once SOL is up. Just send a DV. Then you won't have to pay a thing, since the CA can't validate the debt. Did you make any sort of agreement for payment or a payment plan or pay anything to the CA? The SOL can possibly restart if you do any of those, and DEFINITELY can if you've paid them anything.
Thought so. Provided that I get nowhere on the collections by that time, will these new positive accounts possibly outweigh the 6 year old collections? At that time my late payments will be 8 months old, too. I know its extraordinarily difficult to predit - i just want an idea.
if i cant get scored on the dte, does that mean i also cant be hurt from those late payments?
no, no arrangements. just said i wanted to clear up my report. i though you asked for Date of Deletion. the delinq was sept/oct of 2008. will fall off 2015 and sol ends this year. sorry.
also, ive seen the suggestion for dv outside SOL but have read i am still liable, they just cant sue me. no reason to believe they wont be able to validate the debt