Old charge-off fell off EQ! Guess how many points?

[Anonymous]

Okay guys, I just had an old paid/charge off from Cap 1 fall off my EQ last week. You'll never believe how many points I just gained! 22 points! Can you believe this! I though old baddies didnt hurt so much, guess I was wrong! I also contacted my electric company to get 5, yes 5 120 day lates removed and they agreed to remove them! I can't freakin wait to see my score after that! I am so happy I found this forum, you all have been so much help! Thank you so much! Now I just have 1 paid collection that I'm working on getting removed, I could just taste 700!

Message Edited by scramblingin2007 on 01-11-2008 05:05 PM

[MidnightVoice]

For me it was 50 points!!

Congrats - feels good doesn't it?

[Junejer]

Scramblin:

How did you get the utility company to do that? I really need that kind of love for TU. Did you write a GW? Did you call and speak to someone. Which dept? Would you mind sharing?

[Anonymous]

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ByrdMan wrote:
Scramblin:

How did you get the utility company to do that? I really need that kind of love for TU. Did you write a GW? Did you call and speak to someone. Which dept? Would you mind sharing?

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Hi byrdman, It was a very long and difficult process. I have been trying since august. It is for my electric co. They have me coded for 6 120 lates from  march-aug 07. What I didnt realize is that when you make a payment arrangment with them, even though you are paying a little every month they still count the BACK balance as being late from day 1! Thankfully I paid them in full and overpaid in May but they still had me 120 late may-aug. I sent  a gw back in aug and they wrote back saying that the info is accurate, cant delete. I printed bills from mar-aug...called them(asked for credit specialist) had my gw on file(gee,I didnt know) put me in touch with the same supervisor that shot down my gw(had a crushing feeling in my chest) I asked her why 120 lates are there when I was making payments, she told me about the back balance bs...then I asked her if we could go over EVERY bill and check for mistakes. She told me she would get back to me. Well a day later they called(she had one of her workers call) he was very nice and went through every bill with me, we had a great conversation  we talked about myfico and how I am cleaning up credit. Well between our great conversation and their mistake for having a 120 late after I paid in full and kept current, he agreed to delete them! I must add that I have been paying in full since aug  so that must have helped my situation. I treat my utility bill just as a credit card or mortgage, never, ever be late with them! I will update when the lates are off my report as he said 30-60 days, we shall see how many points are taken off score for 120 lates, this will be very interesting!

[Junejer]

Good info. I have been suffering the ills from my ex at a former address. They even added some lates to my current account, b/c I started paying the other bill. Things are all messed up over there...bunch of 90's.

[Anonymous]

Congrats scrambling! It's good NOT seeing that collection on your report.

Nice score jump too!

[RobertEG]

The issue of deletion of derogs has been a long-time puzzle to me.  Maybe someone has some knowledge on FICO would handle this:

Take two consumers with a reported 60-day late. Consumer 1 had both a 30-late and a 60-late reported, while consumer 2 had only the 60-late reported.

The OC agrees to delete the 60 late for both consumers.  However, I presume that consumer 1 would benefit less, still having the 30-late reported.

Since it is not possible to have a 60-late without a 30-late, why would not both necessarily reach the same point?

Moving up the ladder with number of delinquencies reported, would a consumer who had every stage of monthly delinquency reported by the credtior, from 30 late up through 180 late then a charge off, benefit more from deletion of all the derogs than one who had only a 180 late and a charge off, with both deleted?

They both quack like the same duck to my ears.....