I started out with:
5 public records
2 student loans in default
2 student loans paid off and everything reported is in good standing
1 tax lien
Since March when I started my major repair of my credit I now have:
1 public record (unpaid but getting very close to being paid off)
8 collections (2 paid for delete but not deleted yet, one will age off in July and the remaining 5 are medical that is a result of my one remaining judgment)
2 student loans in good standing
2 student loans rehabbed but the rehabb is not showing up yet
1 secured Visa for $500 but not reporting as secured.
I started out with a score of 553 and got it up to 615 and now it is back down to 554. Why am I going backwards? The scores are from this website.
What do I do next? I am working on paying off the judgment and hoping I can get them to delete the 5 remaining collections otherwise I will try the HIPPA process. I am also hoping to get them to vacate the judgment. I have had the Visa for 7 months and it is always reporting as good. It does have about 40% utilization but I will pay that down to 0% this week. Waiting on the DOE to pick up my loans and remove the default status. My goal was to buy a house when I started this last year and now I am in no better shape and I have paid off nearly $100,000 in collections and judgments.
Would love some feedback!
It has been little drops every week for the past few months. Nothing more than 5 pts at a time.
This past one was because all of a sudden one of my negative student loans started reporting twice. I called DOE and they said it was a computer glitch and to dispute both the original account and the duplicate that showed this month. I did that yesterday and today I got a score alert that my score dropped another 9 pts. Last week when I got my score alert it was because the duplicate showed up and that dropped me 7 pts. The week before I had a collection fall off and that dropped me 6 pts.
I went 3 months with no change in scores and since December every week I keep falling. Would all the collections coming off be affecting my AAOA? If so, this is a damned if you do and damned if you don't situation I am in.