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Wow from 7 to 1

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Regular Contributor

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!

Score as of 7/9/19
Fico 8
EXP 618
10 REPLIES 10
Community Leader
Mega Contributor

Re: Wow from 7 to 1


@gooty1 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 @gooty1 

 

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! 

EX 754 EQ 774 TU 752


Message 2 of 11
Regular Contributor

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.

Score as of 7/9/19
Fico 8
EXP 618
Message 3 of 11
Regular Contributor

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.

Score as of 7/9/19
Fico 8
EXP 618
Message 4 of 11
Community Leader
Mega Contributor

Re: Wow from 7 to 1

Yeah, they wont delete Smiley Frustrated

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

EX 754 EQ 774 TU 752


Message 5 of 11
Contributor

Re: Wow from 7 to 1


@gooty1 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

Starting score 6/19 TR 567 Ex 589 EQ 540
7/19 TR 620 EX 595 EQ 577
8/19 TR 643 EQ 614 EX 612
Goal: 680 by 12/19
Message 6 of 11
Regular Contributor

Re: Wow from 7 to 1

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

Score as of 7/9/19
Fico 8
EXP 618
Message 7 of 11
Established Contributor

Re: Wow from 7 to 1

No point in settling since it wont be deleted

 






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


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Message 8 of 11
Regular Contributor

Re: Wow from 7 to 1

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

Score as of 7/9/19
Fico 8
EXP 618
Message 9 of 11
Established 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




Message 10 of 11
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