How Long Before They Update....

[jeffgucci]

Okay so BoA and Credit One did update per the reports I pulled today. TFS and Target both agreed to waive 1x 30 credit marker each, which I did receive letters from both around 2/18/2011. Also I received and email on 2/23/2011 about a CA being removed (stating the universal data sheet had been submitted to have the account removed). How much longer should I wait for them to update? Should I initiate the dispute or be patient. I'm so anxious!!!! Scores jumped around 50 points so far, hoping to get another small lift once everything is updates. So again should I just wait or dispute?

[llecs]

For the 2 OC TLs, I'd give them until next statement (if open) or wait 30 or so days from when they said they'll update. For the CA, wait 30-45 days from when they said they'll update. These will likely fall off sooner, but most OCs/CAs only update one time per month.

Definitely don't dispute! It'll take up to 45 days to update because you'd have to submit letters from the OCs/CA. Plus, there are examples in these forums of the OC/CA backing off and not deleting at all even after accepting a GW. If they don't update within 30-45 days, then contact the OC/CA and kindly remind them.

[jeffgucci]

Thanks you sir......Any idea what bump I get? When Target falls off it will reflect 4 years of clean history....When TFS falls it will be 2 years, not to mention the CA...Oh I'm so excited? Can't wait to get a real big bank CC...Again any idea on the bump?

[llecs]

YMMV based on a number of factors like when the lates occurred and how many and what type of baddies report aside from these. Per the CA, it depends on a number of factors like the age of the debt, the DOFD, and sometimes the DOLA (depending on report). Typically, solitary 30 day lates will stop impacting the FICO beyond 2 years. A brand new 30 day can easily drop you 50 plus if you had a clean report, so you get the idea of how quickly the damage fades over a short period of time. CAs can easily drop your score 100+ if you had a clean report and if it was new. Points returned would vary on that age as well. I've seen some examples of a CA dropped due to CRTP returning 20+ at the 7 yr mark. Again, too many variables to accurately predict.