@Shann0n_marie wrote:@Revelate wrote:
@Anonymous wrote:
As of last month my scores were 647 648 635, paid off most of my debt. I have about 500 left. Scores are now 670 672 and 663. I have a 120 late from 2011 and a 6 year old judgement on my report. So my question is, once I pay that off and get my last debt reducing bump, is my credit score going to sit? Or do you get points every month making timely payments? I know with cli I will get a bump. Just trying to figure out how this all works. ThanksI have a dirty file and after I got past my first year or so of positive history I flatlined a lot and it was difficult to make my scores move in any direction (except downward from utilization testing). Even a brand spanking new tax lien only dropped me 5 points at least on Beacon 5.0, did drop a bunch more than that on FICO 8 but now I'm pretty flat on FICO 8 for a while if I discount the drops I took around installment loan closure.
This is Beacon 5.0 so it doesn't necessarily track with the more modern FICO 8 models but it's what I have. Effective date within 1-2 days but describing on year boundaries for clarity:
1/1/2012: 561
1/1/2013: 652
1/1/2014: 670
1/1/2015: 683
5/24/2015: 700
By the data once I'd established sufficient positive history, my scores were upward bounded by my derogatories. I start having my own derogs falling off in 2016 with the last tax lien off in late 2017. I'm expecting a serious jump on all my scores after that point assuming I don't do something stupid between now and then.
Relevate, I've read quite a few different posts of yours and can relate. As your scores started rebounding (highlighted in red) at what point would you say all of your baddies were resolved? We're you able to PFD a good portion? what do you have left on your profile? I just started fixing my credit about a month and a half ago after defaulting on everything early 2011. I opened 3 credit cards about 14 mos ago and have a car loan reporting for the last 30 mos with perfect pmts. I should be finished paying off my last CC charge offs in the next 2 mos. I've gotten a few collections PFD, one credit card PFD, erroneous lates on my old auto loan corrected, but nothing really has updated on my CR yet. I'm wondering how high my shoe will get one I've done all I can do. A civil judgement is paid, state tax lien paid and I have an open IRS lien for a huge chunk of change I've been working on which is open. Everything else that I can't remove is set to fall off end of 2017 or by March 2018.
Actually I'm in the minority in that I paid off almost everything before finding this forum. Whoopsie. In fact on EQ I've gotten absolutely nothing at all removed, which is somewhat fortuitous from a data point perspective as EQ dropped my albatross early likewise before finding this forum... which admittedly allowed me to shortcut a few things which I'm most thankful for (like a sweetheart auto loan that DCU gave me).
My EQ file has the following from the start of the datapoints with the possible exception of the first as my collection was reported paid slightly after that which can monkey the calculations sometimes.
Paid state tax lien: Filed 12/10, Released 11/11
Paid collection: DOFD 7/09, assigned 12/10, paid (according to EQ, 01/12)
Lates: 30 day, 4/10 and 7/10, and a 60 day 8/10.
I'd note that EQ is my lowest score on both FICO 04 and FICO 8: on the mortgage trifecta I am so happy about, I have the scores in my siggy and EQ is 25 below or more either of the other two bureaus... not entirely sure what that's about but it's something to take into consideration potentially when we're talking max scoring opportunity. The disparity on FICO 8 isn't so large, but fortunately most CC's aren't all that difficult to qualify for anyway, haven't had any trouble establishing those accounts at all but I haven't applied for the truly high-end / stringent underwriting guidelines either.
The scores in my siggy currently are pretty much as good as it gets for me: zealously managed balances, 2 inquiries on EQ, 1 on TU, 0 on EX in scoring window. Normally I float lower as I don't really manage balances unless I have an application coming up.
