Re: How Many Points For...

Anonymous · ‎09-04-2013

@JamesKnox wrote:
But it's a chargeoff madmann. I can't get it to 10% can I.
It's better to just pay in full to $0 balance right?

Yes, pay the CO off. Once it is to a 0 balance the CL will be removed and that TL will never factor into your score again.

And if your utilization is at 175%, yes, you could very possibly see a 3 number boost in score. Again, YMMV.

madmann26 · ‎09-04-2013

I was referring to utilization across the board. My apologies for not making that clear.

Current Scores - 8/26/2025

FICO 9

EQ - 769

TU - 778

EXP - 762

JamesKnox · ‎09-04-2013

I JUST PAID THE CAPITAL ONE CHARGE OFF!!!

SO EXCITED TO SEE HOW MY SCORE WILL MOVE.

Question... The CA (Nelson, Watson) is sending me later stating that debt is satisfied, is it better to just reach out to the three agencies with this letter and have them update OR does it have to come from Capital One? Should I now DISPUTE the Capital One through the CRA's since the information is technically incorrect?

x

Starting Score: (FICO)(August 29, 2013) 502(EQ) 568(EX) 549(TU)
Current Score: (FICO) (January 28, 2017) 712(EQ) 720(EX) 720(TU)
Goal Score: 720(EQ) 720(EX) 720(TU)
Amex Business Platinum NPSL | Chase Sapphire Preferred $15,000 | Chase Freedom $9000 | Amex ED $1,000 | BofACash Rewards $3100 | Amazon Store Card $4000

Anonymous · ‎09-04-2013

The CA needs to let Cap 1 know the account is PIF. Ask them when they intend to do that.

And no, you cannot dispute the balance. Until they are notified by the CA it is reporting correctly.

Let the way it is supposed to work, work for now.

Congrats on paying that off. Let us know of the score change.

JamesKnox · ‎09-04-2013

Okay great.

Guiness,

I applied for Crown Jewelers card just now. Approved for $2500. Made a small purchase.

When should I expect them to report and will the report say that my CL is $2500 and my balance is $24?

Also, if I pay the balance in full right now...will they even report? or will it report $0 balance. Which should I do?

Starting Score: (FICO)(August 29, 2013) 502(EQ) 568(EX) 549(TU)
Current Score: (FICO) (January 28, 2017) 712(EQ) 720(EX) 720(TU)
Goal Score: 720(EQ) 720(EX) 720(TU)
Amex Business Platinum NPSL | Chase Sapphire Preferred $15,000 | Chase Freedom $9000 | Amex ED $1,000 | BofACash Rewards $3100 | Amazon Store Card $4000

Anonymous · ‎09-04-2013

I may be mistaken but I remember from past posts that they no longer report to the CRAs.

JamesKnox · ‎09-04-2013

WHATTTTT!!!!??

So I just wasted my hard earned 16 dollars?!

I'm cancelling account immediately!!! I can't believe it!

x

Starting Score: (FICO)(August 29, 2013) 502(EQ) 568(EX) 549(TU)
Current Score: (FICO) (January 28, 2017) 712(EQ) 720(EX) 720(TU)
Goal Score: 720(EQ) 720(EX) 720(TU)
Amex Business Platinum NPSL | Chase Sapphire Preferred $15,000 | Chase Freedom $9000 | Amex ED $1,000 | BofACash Rewards $3100 | Amazon Store Card $4000

Anonymous · ‎09-04-2013

Give me some time, I am looking into it. I did find a thread that all of the accounts were deleted.

Here is this thread: http://ficoforums.myfico.com/t5/forums/forumtopicprintpage/board-id/creditcard/message-id/173696/pri...

JamesKnox · ‎09-04-2013

You are correct. I just called and spoke with them. They do not report to CRA's anymore. They stopped September 2009.

I cancelled order and closed account immediately.

Starting Score: (FICO)(August 29, 2013) 502(EQ) 568(EX) 549(TU)
Current Score: (FICO) (January 28, 2017) 712(EQ) 720(EX) 720(TU)
Goal Score: 720(EQ) 720(EX) 720(TU)
Amex Business Platinum NPSL | Chase Sapphire Preferred $15,000 | Chase Freedom $9000 | Amex ED $1,000 | BofACash Rewards $3100 | Amazon Store Card $4000

Anonymous · ‎09-04-2013

Sorry for all your trouble.

What about Fingerhut?

How Many Points For...

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