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Data point: Increase in Mortgage Scores from GW Removal of two 30 Day Lates

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Data point: Increase in Mortgage Scores from GW Removal of two 30 Day Lates

Hello- thought I'd add to the data contained here in the chance it is helpful.

 

So I went on a GW campaign to have some lates removed from my report.  Short story: due to two sudden deaths in my family in early 2018, I got a little behind on some accounts.  I had two 30 day lates with Cap One Auto Finance, one 30 day late with Fifth Third (my mortgage company), and one 30 day late with Avant (personal line of credit).  They are all grouped in roughly the same time frame.

 

I wrote to the President's Office at Cap One Auto Finance, and they promptly agreed to remove the two 30 day lates.  With nothing else changing, my Mortgage Scores went up a wee bit:  Transunion: 6 points (675),  Equifax: 4 points (658), Experian:  6 points (667).  Not huge movement, but every point counts right now for me right now as I try to get my mid mortgage score to 680.

 

Fifth Third and Avant are crickets- I got a generic letter from Fifth Third with a print out of the entire history of my account (entirely not helpful).

 

I'll use AZEO to get the rest of the way there (hopefully).  By November I should have my revolvers paid down and maximum effect on mortgage scores as a result.  Wish me luck!

 

 

 

Message 1 of 6
5 REPLIES 5
Valued Member

Re: Data point: Increase in Mortgage Scores from GW Removal of two 30 Day Lates

Do you mind PM me who did you contact at Cap One
Message 2 of 6
Senior Contributor

Re: Data point: Increase in Mortgage Scores from GW Removal of two 30 Day Lates


@eileensnow wrote:

Hello- thought I'd add to the data contained here in the chance it is helpful.

 

So I went on a GW campaign to have some lates removed from my report.  Short story: due to two sudden deaths in my family in early 2018, I got a little behind on some accounts.  I had two 30 day lates with Cap One Auto Finance, one 30 day late with Fifth Third (my mortgage company), and one 30 day late with Avant (personal line of credit).  They are all grouped in roughly the same time frame.

 

I wrote to the President's Office at Cap One Auto Finance, and they promptly agreed to remove the two 30 day lates.  With nothing else changing, my Mortgage Scores went up a wee bit:  Transunion: 6 points (675),  Equifax: 4 points (658), Experian:  6 points (667).  Not huge movement, but every point counts right now for me right now as I try to get my mid mortgage score to 680.

 

Fifth Third and Avant are crickets- I got a generic letter from Fifth Third with a print out of the entire history of my account (entirely not helpful).

 

I'll use AZEO to get the rest of the way there (hopefully).  By November I should have my revolvers paid down and maximum effect on mortgage scores as a result.  Wish me luck!

 

 

 


AZEO has a big effect on your mortgage scores.

American Express: Platinum Charge, Optima, Business Gold
Barclays: Arrival+ WEMC
Capital One: Savor WMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (9.3.19) EX: 824 / EQ: 834 / TU: 832
Message 3 of 6
Member

Re: Data point: Increase in Mortgage Scores from GW Removal of two 30 Day Lates

This is off topic maybe but I'm new here and trying to learn all of these abbreviations that are used. What is AZEO if you don't mind?
Starting Score: 588, 579, 581
Current Score: 588, 579, 581
Goal Score: 720


Take the myFICO Fitness Challenge
Message 4 of 6
Senior Contributor

Re: Data point: Increase in Mortgage Scores from GW Removal of two 30 Day Lates


@SemiJoe wrote:
This is off topic maybe but I'm new here and trying to learn all of these abbreviations that are used. What is AZEO if you don't mind?

AZEO= All Zero Except One. Meaning all but one of your credit cards/revolvers report for optimal scoring. AZEO plus having utilization less than 8.9% will give you the most optimal score, especially on FICO 2, 4, and 5 (Mortage versions).

American Express: Platinum Charge, Optima, Business Gold
Barclays: Arrival+ WEMC
Capital One: Savor WMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (9.3.19) EX: 824 / EQ: 834 / TU: 832
Message 5 of 6
Member

Re: Data point: Increase in Mortgage Scores from GW Removal of two 30 Day Lates

Thank you for taking the time to explain.
Starting Score: 588, 579, 581
Current Score: 588, 579, 581
Goal Score: 720


Take the myFICO Fitness Challenge
Message 6 of 6
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