How long to correct the Equifax mistake? and affect on Fico.

[Anonymous]

I got my credit report by mail last week only to find that a cc I had paid through a debt management program was still showing on my report. This should've dropped off in 2006. So I contacted Equifax and they asked me to fax the change request and photo id and the related documents to them..which I did this morning. I am wondering how long it usually takes to see a change like this and how quickly it should affect my FICO score?

Here was my profile as of April 1/08

FICO--589

Cap. ONe Gold limit $4000---balance $4117

Dept. store card- showing as closed but balance of $38

Student line of credit--limit $10000, balance $9999

installment loan $10000 (co-loan with hubby) monthly payments $247

So since April 1 I have paid the Cap. One to only showing a balance of $17, paid off the dept. store balance, paid the Student line of credit to a balance of 6999, and it also turned one year old this month. Hopefully soon Equifax will drop that old cc too.

What do you predict my score will be as of May 1st?

[Anonymous]

Is this in the wrong section? Maybe I could get it moved if it is..sorry 'bout that!

[Junejer]

I have no idea what that score might go to, as we don't know all the details of the credit report. Try this score estimator and put all of the information in from the CRA that has the 589 score into this program:

http://www.myfico.com/FICOCreditScoreEstimator/Default.aspx