Rebuild Status

[anik28]

@Anonymous they are very easy to work with; its their policy to delete the tradeline once paid in full. I was able to settle both for a bit less and set up payments. They will be removed in April for me once I've completed the last 2 payments. Give them a call and they will settle with you. 

[OmarGB9]

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@Anonymous wrote:

Regarding Resurgent --- I have a Credit One collection with them.  How do you start the conversation about PFD?  Do they send a letter prior to payment the they promise to PFD.  Also, did you negotiate paying less than the original collection amount.  

Thank you in advance for any help you can provide.  

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No need to ask, they do PFD on their own. From their website:

[Anonymous]

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@anik28 wrote:

@Anonymous  got it, it could be my student loans then. Since I'm not paying them down, they're increasing in balance + interest.

2 bureau's are much lower, by 60-70 points. EQ is off by about 15 points. Equifax just dropped a few derogatories and it went up about 50 points, so it leads me to believe those are the culprit.

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@anik28 no it's not the balances and increasing interest on your loans. That's not helping your 8/9, but it is the number of accounts with a balance that is killing your version 9 along with the derogatories. 

Number of accounts with a balance is not a very influential Metric on Version 8. However from your recent Codes, it appears to be very important on dirty cards at least on version 9.

[Anonymous]

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@anik28 wrote:

Update: My cards all just reported very low UTL - around 10-15% of my CL. My score went up only 1 point - WHY?!

It's funny to me how if you don't pay your balances, your score drops 50-75 points but when you keep everything low utilization your score goes up a mere 1 point.

Can anyone explain why? 

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@anik28 because of the remaining derogatories. If you've got even one derogatory you got a major penalty. Adding more increases the penalty but it's that first one that's the doozy and until you get rid of the last one you're under a decent Penalty. 

[Anonymous]

Also, are you carrying 10-15% on each card, or on a number of cards? If so you're losing points there too. Ideally you'd have a small balance on only one or two cards (depending on how many you have), with the majority being at zero.

[Anonymous]

thank you so much!

[Anonymous]

Thank you so much!