My scores are currently EQ 474, EX 518, and TU 495. As you can see below, if all goes well, all but one negative mark on my report should fall off in December (if my math/understanding serves me right). The only things that should be left are the credit card I screwed up on and will try to get them to delete it for full payment, the good credit card, and the positive car loans. What sort of increases would you expect for me to see come Jan 2014? My current reports are as follows: Credit Card EQUIFAX EXPERIAN TRANSUNION DATE OPEN 01/2011 01/2011 01/19/2011 ACCOUNT STATUS Not more than four payments past due Account was delinquent 120 days or more past due date/now 30, 60, or 90 days past due date 90 days past due OWNERSHIP I I I MONTHLY PAYMENT $27.00 BALANCE AMOUNT $523.00 $523.00 $523.00 BALANCE DATE 05/2013 05/24/2013 05/24/2013 HIGH BALANCE / CREDIT LIMIT $300.00 $300.00 $300.00 PRIOR DELINQUENCY 201304 201305 201304 PAST DUE AMOUNT $100.00 $100.00 $100.00 COMMENT Account closed by credit grantor Closed - Account Closed at Credit Grantor's Request Closed - Account closed by credit grantor Credit Card EQUIFAX EXPERIAN TRANSUNION DATE OPEN 05/2010 05/2010 05/03/2010 ACCOUNT STATUS Pays account as agreed Current account/was delinquent 90 days past due date Paid or paying as agreed OWNERSHIP I I I MONTHLY PAYMENT $6.00 BALANCE AMOUNT $6.00 $6.00 $6.00 BALANCE DATE 05/2013 05/05/2013 05/05/2013 HIGH BALANCE / CREDIT LIMIT $300.00 $300.00 $300.00 PRIOR DELINQUENCY 201304 201304 201304 PAST DUE AMOUNT $0.00 COMMENT Credit card Car Loan EQUIFAX EXPERIAN TRANSUNION DATE OPEN 12/2006 12/2006 12/08/2006 ACCOUNT STATUS Charge-Off Unpaid balance reported as a loss by credit grantor Charged off as bad debt OWNERSHIP I I I MONTHLY PAYMENT BALANCE AMOUNT $13,157.00 $13,157.00 $13,157.00 BALANCE DATE 01/2013 01/07/2013 01/07/2013 HIGH BALANCE / CREDIT LIMIT $17,336.00 $19,212.00 PRIOR DELINQUENCY 200804 201301 PAST DUE AMOUNT $13,157.00 $13,157.00 $13,157.00 COMMENT Charged off account Closed Profit and loss writeoff Credit Card EQUIFAX EXPERIAN TRANSUNION DATE OPEN 08/2006 08/2006 No information reported ACCOUNT STATUS Charge-Off Account transferred to another office OWNERSHIP I I MONTHLY PAYMENT BALANCE AMOUNT $0.00 BALANCE DATE 12/2008 11/30/2008 HIGH BALANCE / CREDIT LIMIT $246.00 PRIOR DELINQUENCY 200803 200806 PAST DUE AMOUNT COMMENT Account transferred or sold Closed - Transferred to another lender Credit Card...same as above, actually EQUIFAX EXPERIAN TRANSUNION DATE OPEN No information reported No information reported 08/30/2006 ACCOUNT STATUS Charged off as bad debt OWNERSHIP I MONTHLY PAYMENT BALANCE AMOUNT $0.00 BALANCE DATE 11/30/2008 HIGH BALANCE / CREDIT LIMIT $531.00 PRIOR DELINQUENCY PAST DUE AMOUNT $0.00 COMMENT Purchased by another lender Car Loan EQUIFAX EXPERIAN TRANSUNION DATE OPEN 10/2008 10/2008 10/21/2008 ACCOUNT STATUS Pays account as agreed Account/paid satisfactorily Paid or paying as agreed OWNERSHIP I I I MONTHLY PAYMENT BALANCE AMOUNT $0.00 $0.00 BALANCE DATE 02/2012 11/30/2011 01/31/2012 HIGH BALANCE / CREDIT LIMIT $9,285.00 $9,285.00 PRIOR DELINQUENCY PAST DUE AMOUNT $0.00 COMMENT Closed or Paid Account/Zero Balance Closed Closed - Closed Credit Union Loan EQUIFAX EXPERIAN TRANSUNION DATE OPEN 10/2006 10/2006 10/19/2006 ACCOUNT STATUS Pays account as agreed Paid account/was 30 days past due date Paid or paying as agreed OWNERSHIP I I I MONTHLY PAYMENT BALANCE AMOUNT $0.00 $0.00 BALANCE DATE 06/2007 03/31/2008 04/30/2007 HIGH BALANCE / CREDIT LIMIT $500.00 $500.00 PRIOR DELINQUENCY 200611 200612 PAST DUE AMOUNT $0.00 COMMENT Closed or Paid Account/Zero Balance Closed Closed - Closed Car Loan EQUIFAX EXPERIAN TRANSUNION DATE OPEN 10/2011 No information reported No information reported ACCOUNT STATUS Pays account as agreed OWNERSHIP I MONTHLY PAYMENT BALANCE AMOUNT $0.00 BALANCE DATE 07/2012 HIGH BALANCE / CREDIT LIMIT $14,756.00 PRIOR DELINQUENCY PAST DUE AMOUNT COMMENT Account transferred or sold Car Loan EQUIFAX EXPERIAN TRANSUNION DATE OPEN 10/2008 No information reported No information reported ACCOUNT STATUS Pays account as agreed OWNERSHIP I MONTHLY PAYMENT BALANCE AMOUNT $0.00 BALANCE DATE 12/2008 HIGH BALANCE / CREDIT LIMIT $9,285.00 PRIOR DELINQUENCY PAST DUE AMOUNT COMMENT Closed or Paid Account/Zero Balance Car Loan EQUIFAX EXPERIAN TRANSUNION DATE OPEN 10/2011 10/2011 10/29/2011 ACCOUNT STATUS Pays account as agreed This is an account in good standing Paid or paying as agreed OWNERSHIP I I I MONTHLY PAYMENT $503.00 BALANCE AMOUNT $8,516.00 $8,516.00 $8,516.00 BALANCE DATE 04/2013 04/29/2013 04/29/2013 HIGH BALANCE / CREDIT LIMIT $14,756.00 $14,756.00 PRIOR DELINQUENCY PAST DUE AMOUNT $0.00 COMMENT Auto Simple interest loan
Negative accounts will report for up to 7 years from the Date of First Delinquency (that led to the account being charged off, so if there were multiple late pays with catch-up's in between, and then finally account became a CO, it's from that LAST date of delinquency you count forward). The Date Opened isn't the date to go by, unless you charged a balance to the CC and never paid it. Find the DoFD in your report, and go 7 years from that. For example: Car Loan EQUIFAX EXPERIAN TRANSUNION DATE OPEN 12/2006 12/2006 12/08/2006 ACCOUNT STATUS Charge-Off Unpaid balance reported as a loss by credit grantor Charged off as bad debt OWNERSHIP I I I MONTHLY PAYMENT BALANCE AMOUNT $13,157.00 $13,157.00 $13,157.00 BALANCE DATE 01/2013 01/07/2013 01/07/2013 HIGH BALANCE / CREDIT LIMIT $17,336.00 $19,212.00 PRIOR DELINQUENCY 200804 201301 PAST DUE AMOUNT $13,157.00 $13,157.00 $13,157.00 COMMENT Charged off account Closed Profit and loss writeoff This account was opened in Dec '06.....if the last payment was April '08, it would fall off your credit in April '15.....NOT Dec '13. Accounts that have any late pays on them are also considered negative. You will want to try to GWL these creditors (the less late pays you have, the easier this is) to try to get those late pays deleted and the account converted to a positive trade line. You don't necessary want the TL deleted as length of accounts and history play a part in your score as well. You will see the biggest point increase when the last of the negative marks comes of your report. For each deletion along the way you could see a score bump of 5 to 50 points....BUT, this is very much a YMMV as FICO likes to do what it wants and it seems no two people will see the same score change when an account deletes. Also, check on the SOL in the state you live in. If you're past it, you could try to speed up the deletion process without the worry of waking any sleeping giants by sending DVLs to any CA's on your reports and starting that process. AND/OR disputing accounts through the CRAs.
