My transunion score is really low. According to the score I purchased for $3.75 with the free credit report my score is at 411. At that time on my report was listed is two bankruptcies a judgement, several collection accounts, many inquiries, and a recent 120 day late from capital one. Transunion deleted one of the bankruptcies due to it being a duplicate. My judgement has been removed along with almost all of my collection accounts. The only negative items that I have left are two accounts included in bankruptcy, a bankruptcy and the remaining inquiries. Is it that Transunion hasn't updated my information because I still have a dispute in progress that won't be completed until 10/17/2003. When this is completed, should I expect to see my score improve or stay the same. I should also note that I paid for the USA credit for a tradeline to offset the 120 day late and I have a $300 secured card that should be listed by the end of this month. Any help with my score is appreciated.
I am assuming this is a TU score and not a true FICO? But it really doesn't make much differance at 411. If there is no good credit, no old accounts and too many inquires it will kill your score. When you establish some good credit and elliminate some of the inquiries, the score will rise quite a bit. Search some of the past threads on "bumpage". I'm not sure if it still works, and you better be careful using it, but it can be effective in getting rid of the inquires. Otherwise, you are stuck with them until they expire. Hope it helps some. Keep plugging!
The score you purchase from TU is not a real FICO score. My was quite a bit lower than my true FICO. You can purchase your true FICO scores at www.myfico.com.
I did have some success in getting some inquiries removed by going online and doing the online removal thing with transunion. I still have many more to go. Could the main problem be my recent 120 day late on the capital one account. Even if I paid my balance down quite a bit will that improve my score?
My experience has been that if you pay your balance down to below 50% usage, your score will take a sizable jump. Also, the 120 day late is probably killing you.
Guess What? I checked my privacyguard score early this morning and my score was at a 556. I noticed that the Capital One card is completely gone from the report. I disputed the late charges and they ended up removing the tradeline completely. This is the one time that I am proud of Equifax removing a tradeline. I also noticed that my inquiry level is down to being only three. Not only that, the other day I spoke with Mrs. Rose in the Capital One executive offices. I made arrangements to pay the amount that was over my limit prior to calling the executive offices. She is going to put in a request to have my deposit returned back into a savings account and reopen my account. The account is in precollections so luckily I caught it in time. Does this mean that when my account is reopened it will start listing as a positive account. If so, how much will that increase my score. My goal is to be able to purchase a house at low rates before March of 04. Actually, I think i'm doing alright to have filed a bankruptcy in March. I am also disputing my judgement and the two paid collections to have them removed ONCE AGAIN from my report. Once this is done should I expect for my scores to go up or down?
