Question regarding whether or not I should do GW letters

[Anonymous]

On my way to the top of the world, I mean top of the FICO score chart, I had some questions and wanted to run them by someone more knowledgeable.
 
Forgive me if I don't use all of the acronyms correctly but I have tried to study them.
 
1.) I read that FICO scores are generated on the fly with whatever data is currently available. If that is so why can I not purchase something that shows me my FICO and it's changes by minute, hour, day, week, anything short of quarterly.
 
 2.) The three delinquencies that I have are listed here:
 
03/2003 - 30, 60, 90, 120, 120 - Paid and Closed (Settlement accepted on this account ) DOLA :03/2003 
02/2003 - 30, 60 - Paid and Closed ( PIF ) DOLA : 04/2003 
09/2005, 02/2006 - two seperate 30's. - Paid and Closed ( PIF ) DOLA : 07/2006
 
DOFD is N/A for all three for some reason on the report.
 
My real question is since two of the three delinquencies are going to drop off my report next year. However the third is a lot more recent. I was wondering if I should try and request GW deletion of those items. Note though that I am no longer a customer and I guess haven't been since 07/2006 when they closed the account. I hadn't used it since I paid them earlier on.
 
I heard that people have done GW requests and had those turn into disputes which really messed things up.
 
Any advice on what I should do or not do would be appreciated.
 
-Leon
 

[Anonymous]

1.) You can get Scorewatch, which shows your score change anytime something occurs to cause a score change, other than that your score doesn't change for you to have to get something that shows a 'real time' FICO score.

2.) You can try to goodwill but, the company doesn't even have to respond to your GW much less accept it. All you can do is find the highest up employee i.e. vp, ceo, etc. and write them as convinceable of a letter as you can as to why they should remove the derogs from your credit report and wish for good luck. you can find many GW templates on this site by searching GW or goodwill and change them to fit your situation.

but thats just my 2¢.

GL

[Anonymous]

bump a little more advice would be appreciated.

[Anonymous]

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lphelps wrote: 

  2.) The three delinquencies that I have are listed here:
 
03/2003 - 30, 60, 90, 120, 120 - Paid and Closed (Settlement accepted on this account ) DOLA :03/2003 
02/2003 - 30, 60 - Paid and Closed ( PIF ) DOLA : 04/2003 
09/2005, 02/2006 - two seperate 30's. - Paid and Closed ( PIF ) DOLA : 07/2006
 
 

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The 2 30 day lates in 2005 in 2006 are probably not hurting your score at all. Many people here have said that 30 day late marks have no effect after 24 months.

[Anonymous]

Still.., what about the 120's and the 60's.. They will drop off next year but if a simple GW letter can get them off earlier that would be great.. They are all paid.. just need to know.. GW or wait?

[BungalowMo]

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@Anonymous wrote:
Still.., what about the 120's and the 60's.. They will drop off next year but if a simple GW letter can get them off earlier that would be great.. They are all paid.. just need to know.. GW or wait?

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It's hard to say, but the 60 & 120's...that looks like you paid a settlement, not the full amt.  This also looks like you paid the OC.

It's *possible* the OC *might* accept a PFD if you have the rest of the $$ to PIF.  They don't have to, but you never know.  Who was it?

[Anonymous]

Good point. I didn't pay that bill in full way back when.. it was BestBuy HBSC bank i believe.. At this point I'm better off just letting it drop off come 5/10. My goal is to break 701 and I wonder if I can do it with that one still being there.

-Leon

[BungalowMo]

I recall reading a thread on those in the 7's with bad marks still showing.

Where are your scores now??

Message Edited by BungalowMo on 07-06-2009 01:23 PM

[Anonymous]

looking like 675 across the board. one reason it has been lower than this and maybe still this low is the amount of credit utilization..

I was at like 90% but I'm down to about 48%.

One thing I just noticed is that my NFCU overdraft protection isn't showing up as credit?... wonder why that is.

[ralbusta]

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@Anonymous wrote:

looking like 675 across the board. one reason it has been lower than this and maybe still this low is the amount of credit utilization..

I was at like 90% but I'm down to about 48%.

One thing I just noticed is that my NFCU overdraft protection isn't showing up as credit?... wonder why that is.

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The overdraft protection usually won't show up as credit unless it is actually a line of credit.

You probably could hit 700 just by paying down to under 9%. I have 713 on TU with three chargeoffs showing, and a 692 on EX with the three chargeoffs AND a collection. So yes, it is possible.