Estimate bump with parents Amex AU?

[Anonymous]

Slowly getting my scores up there, 650 -674 right now, still disputing items.

Can anyone estimate bump being approved for folks 35 yo Amex perfect record will be to following:

Efx (648)
9 Year History
Accounts:
Cap 1 Bank Not on Record 12/1998 $1,283 Bad debt/collection This account has late payments in the past $386 High Balance (interest accounts for rest)
Credit Card Citi Not on Record 6/2006 $10 OK No $10300 Limit
Credit Card Citi Not on Record 6/2006 $0 OK No $7300 Limit
NOTE THE SECOND CITI DOES NOT SHOW UP ON TU YET

Collections
Collection agency [?] 905yc00000
Original balance [?] $643
Current balance (as of Jan 01,2008) [?] $0
Status (as of Jan 01, 2008) [?] Paid
Date assigned [?] Jul 01, 2006
Date reported [?] Jan 01, 2008
Date last active [?] Aug 01, 2005

TU: 674
11 Year History
Accounts:
Capital One Bank 12/1998 $1,283 Charged Off This account has late payments in the past $386 High Balance
Credit Card Discover Financial Servi 9/1996 $100 OK No Details
Credit Card Citi Cards Cbsdna 6/2006 $23 OK No Details
NOTE THAT THE DISCOVER DOES NOT SHOW UP ON THE EFX YET


Collection

The collection agency "Midland Cred" was hired to collect a debt of $1,583 originally owed to "Household"
Collection agency [?] Midland Cred
Original balance [?] $1,583
Current balance [?] $1,771
Status [?] Not Reported
Date assigned [?] Nov 18, 2005
Date reported [?] Jan 19, 2008
Original lender [?] Household
Collection on debt to: 01 Pacbell Cingular Wireless

The collection agency "Prof Coll Co" was hired to collect a debt of $1,367 originally owed to "01 Pacbell Cingular Wireless"
Original balance [?] $1,367
Current balance [?] $1,267
Status [?] Not Reported
Date assigned [?] May 12, 2003
Date reported [?] Dec 31, 2007
Original lender [?] 01 Pacbell Cingular Wireless

DISPUTING BOTH COLLECITONS

Public Records
Paid federal tax lien
Court of law [?] Not reported
Case number [?] 30436
Date filed [?] Not reported
Status [?] Not on Record
Status date [?] 4/2001
Date reported [?] 3/2000
Amount [?] $1,047
Plaintiff [?] Not reported
Defendant [?] Not reported

So any idea on these;

1) If I get AU on parents Amex and bump good credit history from 11 to 35 years.
2) If I can get rid of the old Cap1 (1283) account
3) If I can get rid of the Paid Colleciton (Efx)
4) If I can get rid of the unpaid Collecitons (TU)
5) IF I can get rid of the lien (or when it drops off in March)

Message Edited by nyccc2 on 01-28-2008 03:52 PM

[haulingthescoreup]

Well, I am just terrible at guesstimating bumps, so I will let others give it a try, but I'll point out something that probably didn't occur to you. I added on as AU on my husband's Discover card and went from 3 / 12 years history (average/ overall) to 4 / 18 years, and wound up getting re-bucketed. I lost 15 points on EQ (651 to 636.) My scores recovered pretty quickly and have since moved on, but any derogs hurt a LOT when you're in a long history bucket, because this is atypical behavior for those with history going way back.

Not saying don't do it; just be aware that there's a lot more to it that picking up some years.

edit: BTW, the re-bucketing happened a couple of weeks later, after I had gotten nice and comfortable with my new status. Ouch. (I wouldn't have figured it out if it hadn't been for the Scorewatch alert.)

Message Edited by haulingthescoreup on 01-28-2008 04:55 PM

[Anonymous]

Thanks for the reply, I've heard a bit about rebucketing. Makes sense on one hand, not on another (apples to apples and all that).

I'm thinking there is a good chance that 1 or more of the two unpaid collections will disappear after the dispute, and we have GW letters out for the paid medical (if that doesnt work I am asking the Dr. to tell the CA that they reported in error).

The lien will be off by May, so in theory, the very best my reports will look by then;

Discover 11 Year/$100/$10300 CL
Citi 2 Year $10 Bal/$10300 CL
Citi 2 Year $10 Bal/$7300 CL
Amex 35 Year $0 Bal/$8,000 High-Balance

That should be good enough for 720+ no?