Five or six years ago I spent time on here to help me increase my scores in getting a decent mortgage…it worked. Other than my mortgage loan (which is current,not reporting any lates except one 30DAY 18 months ago) no other currently active/reporting trade accounts. No public filings, no inquiries…basically my credit file has been stagnant other than current mortgage reporting and some collection derogs/negatives: Unpaid Elec Utility Bill opened 2009/2010 and reporting each month. Couple of medical collection accounts with open dates 2008, 2010 also reporting each month. Lastly, a closed charged-off credit card bill (that I had automatic payments setup to pay it off) but has a $28 reporting as charged-off. My FAKO scores are currently sitting at 624,652,602. Also have some older, closed positive trade lines, but nothing current. I don't have any immediate/current credit needs and am in a good cash position to resolve collection accounts if prudent. I realize that this can cause re-aging, etc. so wish to proceed with caution. Could anyone give me a good recommendation at this point? Thx
According to scoring simulator at Identity Guard, it appears that just adding a credit trade line of $2K would bump my score 50-70 points. Would a secured card accomplish this?
Yes, you need a positive TL reporting, preferably two. Doesn't matter if it's a secured line, FICO won't factor that. Manual review will.
That's what I thought. What if I purchase a BIG, old CL from boostmyscore? I am familiar with how that works and wonder if I'll get a big bump like the FAKO calculators tell me. Also, any advice on pursuing deletion of old collections? Thx
It should benefit you, however if you have any family members or close enough friends that would add you, a CC that's 3+ years old with perfect payment history should do the trick and it would be free. Certain lenders offer free FICO score monthly, like Walmart, Barclays, DCU, Discover. FAKOS are pretty worthless and can be within a few points of your FICO OR can be over a hundred points in either direction. Don't focus too much on them. If you want to be able to see your scores monthly, join up with those that offer the real thing for free. As far as old collections...give us some background.......
Do any of them offer a free FICO without applying/having credit with them? If not, what's a good service to join (even when paying) to get all 3? On old collections, have the following in total: 4 electric bills reporting from 2009/10 era (all from same company) not sure why since they all relate to a single, sold residence. ($99 smallest, $2100 largest). I suspect title company screwed-up on pro-rating, etc. at settlement. 1 Water bill of $99 from same residence. (2008) 3 small Medical collections total $600 (2009,10,11) I'd be happy to pay and all for PFD.
myfico sells true FICO scores. IDK what it costs though. Are all four listing the same account number? Do you still have documentation of the single account from back then? Depending on what part of 2008, this account is falling off anywhere from 10 to 19 months. What is your state's SOL? Have you attempted a PFD with the OC? Google "whychat" method for your medicals. Do not work on medical accounts at the same time as the others. If you have the ability to pay, work on medical first. Those WILL go away. After that, depending on how eager you are in getting new TL's, you should either continue on to the other two, or start securing some AU lines. You have a much better chance at securing a nice CC (once medical is gone) though since it's only 3 years old, and hurting your score far more than that water bill.
All four listings have unique account numbers. I have not attempted PFD at all....just waking-up to the task with this. From what I've Googled, the CA for the medicals traditionally delete with PFD, but will NOT sign paper,etc. you just have to trust them. They are National Recovery Agency. Now what to do? Thx
BUMP: I have not attempted PFD at all....just waking-up to the task with this. From what I've Googled, the CA for the medicals traditionally delete with PFD, but will NOT sign paper,etc. you just have to trust them. They are National Recovery Agency.
