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  1. #1
    RobynH is offline Junior Member
    Join Date
    Oct 2002
    Posts
    19

    Why Doesnt my score go UP?

    I have been doing self credit repair for the last 6 months or so, and i have managed to get 2 reposessions, numberous collection accounts,and some lates removed. I do still have one collection thats on 2 of my reports for 1200.00 and a few little ones for 200 dollars that im just gonna pay. (it seems like the little ones are the most stubborn to come off)

    Anyway, i have done all this work and still my score isnt comming up.... someone pulled my credit to try to give me a personal loan to pay off the remaining debt so i can try to get a mortgage and I was declined... Credit score was only 522. Experian credit watch says 645 credit score.

    Why isnt my credit score comming up? I have several loans paid off that are perfect with no lates, i have a couple of open accounts that have no lates and these are long standing accounts.... What gives?

    Please help me understand

    RObyn

  2.  
  3. #2
    Simon is offline Junior Member
    Join Date
    Sep 2002
    Posts
    49

    Why Doesnt my score go UP?

    Robyn,

    I have read many times that people will experience a significant jump in their scores when the last derog. has been deleted from their reports. However, it sounds like you still have quite a few collection accounts on your reports. Collection accounts do damage to your scores whether you owe a little or a lot. Getting more of these deleted will bring your score up. Also, if you are going to pay some of these, negotiate hard for deletion.
    Simon


    EQ: 539 on 1/16/02 - 647 as of 10/20/02
    EX: 571 on 1/16/02 - 679 as of 10/20/02
    TU: ??? on 1/16/02 - 648 as of 10/20/02

  4. #3
    GEORGE is offline Senior Member
    Join Date
    Mar 2000
    Posts
    20,468

    Why Doesnt my score go UP?

    RNG

  5. #4
    J. Vick 71 is offline Senior Member
    Join Date
    May 2003
    Posts
    490

    Why Doesnt my score go UP?

    It sounds like the balances on your open accounts are killing you right now. Go to the FICO score simulator on Experian and find out if this is the case. Put in the situation that pays down the balances.
    EQ 694 2002 EQ 400's
    TU 710 TU 400's
    EX 692 EX 400's
    BK 09/01

  6. #5
    BurnIt is offline Senior Member
    Join Date
    Apr 2003
    Posts
    104

    Why Doesnt my score go UP?

    My hubby just had a medical collection removed from TU. His score literally jumped 116 points. We were pleased.

  7. #6
    QUEEN_BEE is offline Registered User
    Join Date
    Oct 2001
    Posts
    2,482

    Re: Why Doesnt my score go UP?

    Originally posted by BurnIt
    My hubby just had a medical collection removed from TU. His score literally jumped 116 points. We were pleased.
    Was it your last derog on that report?

  8. #7
    BurnIt is offline Senior Member
    Join Date
    Apr 2003
    Posts
    104

    Re: Why Doesnt my score go UP?

    It was his only collection account. He has current lates on an installment, and old lates on past installments.

    No, it wasn't his last.

  9. #8
    creditcrud is offline Junior Member
    Join Date
    Mar 2003
    Posts
    19

    Re: Why Doesnt my score go UP?

    Gee, wouldn't that be nice if your score got better as your report did?!

    My DH had a collection removed (the only one on it), and his score dropped on EQ. Not his last derog, although his derogs are mostly 5+ years old (he has one 30 day late in 2000) and he has a current installment that is 18 months old with perfect payments.

    There is something really wrong with a system when a collection helps your score, LOL!

    I feel your pain!

    creditcrud

  10. #9
    rackt3 is offline Senior Member
    Join Date
    Jun 2002
    Posts
    920

    Re: Why Doesnt my score go UP?

    Originally posted by RobynH
    I have been doing self credit repair for the last 6 months or so, and i have managed to get 2 reposessions, numberous collection accounts,and some lates removed. I do still have one collection thats on 2 of my reports for 1200.00 and a few little ones for 200 dollars that im just gonna pay. (it seems like the little ones are the most stubborn to come off)

    Anyway, i have done all this work and still my score isnt comming up.... someone pulled my credit to try to give me a personal loan to pay off the remaining debt so i can try to get a mortgage and I was declined... Credit score was only 522. Experian credit watch says 645 credit score.

    Why isnt my credit score comming up? I have several loans paid off that are perfect with no lates, i have a couple of open accounts that have no lates and these are long standing accounts.... What gives?

    Please help me understand

    RObyn
    One thing I came to find out as I was doing my credit repair is that credit scoring isn't an exact science. I remember getting 3 120+ late, and one charge-off removed (expecting a huge jump in my score, and score went up only 1 point!

    It turns out that, getting *some* of these really bad ones off of there is only half the battle. For example, lets say you have 6 seriously delinquent accounts (charge-offs, collections, 90+ days late), and you manage to get 4 removed... your score may not seriously increase, because you have those other two left. You'll need to get all the seriously delinquent accounts out of there before you'll see a jump.

    I think you'll need to get rid of those collection accounts too in order to see a good increase in score. I wouldn't simply send the money.. you'll be better off negotiating a pay-for-removal deal. Do it all in writing, not on the phone.

    After getting the really bad stuff off, you can then concentrate on the not so bad ones (e.g 30 day lates) if any.
    ____________________________
    AmEx Blue Cash - 6.99%
    Chase Platinum - 6.99%
    Citi Illumina - 8.9%
    BankOne FreeCash Platinum - 8.49%
    Credit Union Platinum VISA - 9.99%

    TU FICO - 727 (3/25) EFX FICO - 738 (3/26) EX FICO 703 (3/26)

    "Despite the high cost of living, it remains a popular item." - Anonymous

  11. #10
    kelcol is offline Senior Member
    Join Date
    Jan 2003
    Posts
    317

    Re: Why Doesnt my score go UP?

    It's an insane science.... when I first began clean up, I disputed 7 items on TU, 6 were deleted - I lost 20 pts. I recently put all of dh's EQ in dispute (96 bk, 1996 iib acct and 2 ca's) only the iib acct was deleted and the 2 ca's updated their reporting date to 4/03 and SOMEHOW he jumped up almost 50 pts....that one has left me scratching my head BIG TIME!!

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