Which is not a long drive, BTW. Right around the corner from here. I've been going round and round with Cap1 for seven or eight months now about two old paid collections that have never been reported completely correctly (I long ago gave up trying to dispute them away). Well, due to the fact that they were still being reported incorrectly- 120 days past due, even though I have their Thank You letters for paying them in full two years ago- I had a heart-to-heart discussion with our old buddy over there at Cap1. I told him that I very much appreciate the fact that he has tried something like 10 times to get the listings corrected, but the fact remains that they are not correct. I need to qualify for a mortgage very soon, and I simply cannot have listings on my CR that say 120 days past due. So, I said, "You think about it over the weekend, and I'll call you Monday to find out whether or not I'm suing Cap1. You decide." Mentioned Nelson v Chase Manhattan four or five or ten times. Well, they thought about it I guess. I called him Monday, and he says, look, we're tired of playing with this, let's just delete both lines and move on. I said that's fine (no kidding that's fine!). It's now been a week and a half. One of the tradelines is completely gone, so I know that there is a sincere intent on his part, but the other one is still there. He was nice enough to call me yesterday to tell me he thinks he's got it straightened out and it should drop off with in 72 hours. It's still on Experian as of today. According to the Score simulator on CreditExpert, this being the last recent major negative, this account going away could be worth anywhere from 80 to 120 points on the ol' score. That puts me right in the middle of downtown PrimeTime just in time for the mortgage process. I keep checking my score, even though I know they only update once a day. Like going back to check the refrigerator again and again because something new and chocolatey might be in there that wasn't there fifteen minutes ago. The suspense is killing me.
Quixote, I feel for ya...but I think you already know from this board his word is good, and you also know he is doing something (from the 1st deletion), which means really the problem now probably lies more with the CRA's and their updating the info. See what happens the next day or so. When is the mortgage? real close so you are counting the minutes ) It will happen soon, I am hopeful. -Peace, Dave
Chocolatey deletions...mmm... A Payday bar...and chocolatey raised-score donuts... Yum & good luck, Quixote!
BREAK OUT THE CHOCOLATE!!!! CAPITOL ONE IS HISTORY!!!! EUGENE COOKE RULES!!! Scores all jumped ~50 points. Not as much as I thought it would based on the simulator (still enough for the loan, though). It was unclear on the simulator whether the "worst status" field was based on my old paid collection from Chevron, or on the Capitol One 120 day late entry (NOW GONE!!!). Apparantly, it was the old Chevron paid collection, since that was reflected in the worst status, since that entry has not changed. Time to start another thread.
From what I've observed all your derog deletions are worth a few points until you get to the very last one. Once that last one is gone, meaning there are no more derogs, that's when your score REALLY jumps. Good luck on that last one, keep us posted.
