Back to the subject at hand. So far, it seems that the card reported to EX, no change to either score according to Creditworks. I didn't think that was a possibility. Is there a delay in adjusting scores? All versions of FICO available there are unchanged. There is not even an alert???
Thank you. FICO scores are a strange beast. Watch TU bump me 15 points while wierdo EQ takes me down 10. 
I appreciate the wishes! It was a very diffucult few years wher the thought of giving up was always there. Pretty cool now, great heirloom quality product shipped nationally and training people to become masters at a trade. That is rewarding and balances out the karma! I had a lot of guilt for burning CC companies but have learned to let it go as the choice is these fine people or paying old out of SOL debts.
The results are in. A mixed bag of results.
DW (from Creditwise as opposed to MF update from 2 days ago)
TU FICO 08 +6
EX FICO 08 unchanged (other Creditwise scores also unchanged)
EQ FICO 08 -2
ME (from MF)
TU FICO 08 -4 (FICO 09 -6 Others no noticable changes)
EX FICO 08 unchanged (other Creditwise scores also unchanged)
EQ FICO 08 -2 (FICO 09 +2, others no noticable changes)
Now her AMEX Gold will report next.
Future: I may get one more personal card somewhere to allow to age. Other than that. business credit will be the focus along with DW's report as that is closer to being clean.
Congrats on the new cards. Sounds like you are making progress in the real world, to make a better future for yourself.
FICO scores are not the real world. They are an attempt to simplify "credit risk" analysis, but as your story tells, FICO alone is not enough. In this case, as noted by others above, your baddies have created a ceiling that your scores will only inch up, until the baddies are removed.
You also have adequate credit it seems, to move forward, so best of luck to you and your family.
@NRB525 wrote:Congrats on the new cards. Sounds like you are making progress in the real world, to make a better future for yourself.
FICO scores are not the real world. They are an attempt to simplify "credit risk" analysis, but as your story tells, FICO alone is not enough. In this case, as noted by others above, your baddies have created a ceiling that your scores will only inch up, until the baddies are removed.
You also have adequate credit it seems, to move forward, so best of luck to you and your family.
Thanks you, I appreciate the well wishes. We have done what was needed and put in safeguards and rules and have built this in such a way as to make sure we are never vulnerable or can be taken down again. The business has grown 600% over what is was as a Mom and Pop before downfall and all with cashflow including added employees, build out, expansion and equipment additions.. Total debt including business Net 30 accounts, personal CC's and our two SSL loans equals less than $1k as I type this. We still take small salaries compared to what we could do and live very frugally as mentioned above.
One day soon we will be clear in terms of FICO's and that may come in handy but I am opposed to burdening the business with debt that can not be paid for within 30 days. A personal mortgage is on the horizon with a decent downpayment so that there will not be anywhere near an underwater situation.
@Anonymous wrote:
In my opinion age of the youngest accounts should not be an issue here because it’s a dirty file.
My idea here has been to add accounts that will be of use in the future so that they have some age when things clear up. We will both be loosing many good paid and closed accounts in 2023 or so. We each have perhaps 10, CC accounts and paid auto loans that we paid and closed in 2013.
If we wait to add more accounts when things are clean our average age will become that much younger as the bad falls off and then all of the old good accounts.