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Wow from 7 to 1

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Anonymous
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Wow from 7 to 1

Hello team! I am down from 7 collections to one! I have done it kind of! The only collection i have left is LVNV funding for 153 bucks ill pay that eventually.

 

Whats next? I have a 636 Fico 8 and no way to tell my others but they should all be around that number I'd imagine besides equifax which does not have LVNV on it may be higher.  

 

1. Secured card still - Decided to hold out on the capital one platinum because I want to wait until im around 650 where I may get a better limit I still have my self lender which i am contemplating paying off completely and getting my cash back.

 

2. Mortgage, I will be going FHA so I am finally eligible for FHA i am hoping to shoot for the loan around December-February!

10 REPLIES 10
Remedios
Credit Mentor

Re: Wow from 7 to 1


@Anonymous wrote:

Hello team! I am down from 7 collections to one! I have done it kind of! The only collection i have left is LVNV funding for 153 bucks ill pay that eventually.

 

Whats next? I have a 636 Fico 8 and no way to tell my others but they should all be around that number I'd imagine besides equifax which does not have LVNV on it may be higher.  

 

1. Secured card still - Decided to hold out on the capital one platinum because I want to wait until im around 650 where I may get a better limit I still have my self lender which i am contemplating paying off completely and getting my cash back.

 

2. Mortgage, I will be going FHA so I am finally eligible for FHA i am hoping to shoot for the loan around December-February!


Congrats @Anonymous 

 

I would not do any apps till that collection is paid. It wont immediately increase your score but it will look prettier to any lender 

 

Great job so far! 

Message 2 of 11
Anonymous
Not applicable

Re: Wow from 7 to 1

Ill just pay it today, It wasn't a money issue i guess i am just a bit bitter that they wont delete it. Ill go ahead and call this terrible collection agency and pay in full.

Message 3 of 11
Anonymous
Not applicable

Ill just pay it today, It wasn't a money issue i guess i...

Ill just pay it today, It wasn't a money issue i guess i am just a bit bitter that they wont delete it. Ill go ahead and call this terrible collection agency and pay in full.

Message 4 of 11
Remedios
Credit Mentor

Re: Wow from 7 to 1

Yeah, they wont delete Smiley Frustrated

It's best to pay and just be done with them forever

Message 5 of 11
Anonymous
Not applicable

Re: Wow from 7 to 1


@Anonymous wrote:

Hello team! I am down from 7 collections to one! I have done it kind of! The only collection i have left is LVNV funding for 153 bucks ill pay that eventually.

 

Whats next? I have a 636 Fico 8 and no way to tell my others but they should all be around that number I'd imagine besides equifax which does not have LVNV on it may be higher.  

 

1. Secured card still - Decided to hold out on the capital one platinum because I want to wait until im around 650 where I may get a better limit I still have my self lender which i am contemplating paying off completely and getting my cash back.

 

2. Mortgage, I will be going FHA so I am finally eligible for FHA i am hoping to shoot for the loan around December-February!


Fantastic news, and great job.

 

I've paid all of mine, just waiting for the deletes (portfolio and midland). Once you pay LVNV, it will be like a huge chip off your shoulders

Message 6 of 11
Anonymous
Not applicable

Re: Wow from 7 to 1

Website allows for me to settle without even calling them, Is it worth settling? 40% off 

Message 7 of 11
simplegirl
Valued Contributor

Re: Wow from 7 to 1

No point in settling since it wont be deleted

 








Starting Score: 494 503 521
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Goal Score: 680


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Message 8 of 11
Anonymous
Not applicable

Re: Wow from 7 to 1

Save a bit of money with the settle though, So you recommend just paying in full?

Message 9 of 11
simplegirl
Valued Contributor

Re: Wow from 7 to 1

Yeah but your getting a mortgage and there is no telling how settling such a small debt would look to them.








Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


Take the myFICO Fitness Challenge





Goals:

Get First Home in Summer 2025
Message 10 of 11
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