credit scoring

[Eighthundredbound]

My FICO 8 scores have stagnated for months at - EQ 672, TU 711 and EX 690.

Two lates in 7 years on an auto loan 11/17 and 1/18.

Two 6 + year old charge offs, one settled and the other unpaid ($8900). Both will fall off later on this year thankfully.

Inquiries: EQ 5, TU 3, EX 6

Credit cards and an auto loan (good mix) with spotless payment hisory except for the above mentioned.

Credit utilization 1-2% individual and aggregate.

Why such stagnation? I thought that scores went up with time.

Any thoughts?

[BmoreBull]

How long have your scores been in the same position? I think it gets to a point where time and aging accounts is the only thing that helps. Once all of your baddies are gone, maybe you will be rebucketed into a clean profile and see a significant bump.

[Jnbmom]

Until the negatives are gone your scores won't move much. Your utilization is low so there really is no going lower to get a bump and age takes time .

[Anonymous]

Dirty scorecards have a low/diminished score limit. It's a waiting game for the derogs to fall off

[AllZero]

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@Eighthundredbound wrote:

Two 6 + year old charge offs, one settled and the other unpaid ($8900). Both will fall off later on this year thankfully.

Any thoughts?

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Ask for Early Exclusion on the charge offs.
7 year mark is the exclusion date from DoFD. You can request EE on your derogatory from:

TransUnion - 6 months early.
Experian - 3 months early.
Equifax - 1 month early. I would not recommend requesting EE. Let derogatory fall off naturally.

Call up TransUnion . Front line csr may be able to assist. If not, request to speak with a supervisor to have the derogatory removed.

[Eighthundredbound]

@BmoreBull it has been about 6 months. I got a huge boost in february when 3 collections fell off. 

[Anonymous]

Actually that unpaid charge off is showing as a maxed out card, so your individual utilization is high. Plus the charge off and the other lates penalize you by putting you in a dirty card.

You’re probably as high as you’re going to get until that chargeoff falls off.

How bad are the lates?