Well about 6 weeks ago I did a settlement with Chase. The account was closed and had not been updated since 2015. I was really nervous about the activity re waking the sleeping bear and destroying my score.
I needed to take care of it because there was a balance and the mortgage lenders needed it settled or paid for a refinance
Well 3 weeks ago I freaked out because Chase opened the account on all three and applied the settlement. But did not report the zero balance which caused my UTI to get messed up.
My score crashed 30-35 points.
Yesterday I called chase and asked if they could update the reporting to reflect a zero balance as agreed to in the settlement.
Today Experian showed activity. My score climbed from a 650 to a 697. The funny thing is that it actually went higher than it was before settling so the settlement definately was a good move for me. I expect the other two to sit around 705 and 712 based on where they are right now,
Plus I just paid down my last card to under 8% which is reporting this weekend. im going from over 50% to under 8% which I think should give me a bump
Also got a 500 limit card bumped to 4500.
When I run the scoring simulators it looks like I cap out around 715/720
I guess thats becaus my negatives are holding me back from going any higher.. cany wait until next year when they start dropping off..
