OK.. so here is my newest comparison As of Yesterday my EQ FICO was 609 on the file: R1 VISA 13 months open $1600 limit $0 Balance Never late R1 Department Store Card 30 Months open $500 limit $500 balance Never late R1 VISA 55 months open $1000 limit $0 Balance 1 30 days late CLOSED AT CONSUMERS REQUEST RI CAR LOAN 26 MONTHS $13888 $0 BALANCE NEVER LATE R9 LOAN WRITTEN OFF $800 R9 LOAN WRITTEN OFF $5000 R9 LOAN WRITTEN OFF $3500 R1 CAR LOAN 4 MONTHS $30,154 $0 BALANCE 1 TIME 120 DAYS LATE TODAY EQUIFAX WILL REMOVE 2 LATES ONE 30 DAYS LATE AND ONE 120 DAYS LATE ...lets see what happens to my FICO...
RI VISA $1000 CREDIT LIMIT $0 BALANCE 55 MONTH REVIEWED 1 30 DAYS LATE WAS REMOVED!!! MY 609 IS NOW 565!!!! THE BASTARDS...BACK TO THE PHONE CALLS.... I THOUGHT THEY COULDNT REMOVE GOOD CREDIT!! AARGGHH!
OK, well beggars cant be choosers right... So Equifax called me today and said that they could not verify the Car Loan with the 120 days late payment so the removed the entire TL from my file will pull EQ again on Monday and see what shambles my CR is in Pray for me and my FICO
Sometimes the people on this board just make me laugh. Why stress over your score so much? The formula used to calculate these scores is so complex and you don't even have the formula. The only thing we know for a fact is that good things on your report mean higher score, bad equal lower score, nothing or fewer of good or bad can swing either way. Therefore, the only thing you have control over for good scores is to monitor your report and make sure that you have as many good things happening as you possibly can. It doesn't matter what your score is today or tomorrow, what matters most is that you have as many good marks as possible on your report and as few bad marks as possible. The rest would be done by the big computers. There are just too many variables to your score. Removing an acct. with negative information is a good thing, good for your score and report in the long term. However, because this acct. might be an OLD acct. you would immediately loose points. Over the next month or two your point total is recalculated and you may get higher scores. Example .... lets say each acct. gets 10 points per year. A five year old acct would have 50 points. But that 30 late is costing ... say minus 20 points. The above acct. would be giving you 30 positive points. When you remove this acct. the first thing to happen is that your CR would loose 30 positive points. Your scores would drop. Later after recalculating, oldest acct, newest, total bal, # of lates on report etc. You may gain 25 points for a better OVERALL report. If the above message sound confusing and messed up. Then you get the point. Do not waste your time trying to understand a point system that can not be understood by the average person. Positives would always improve your score in the long run. Thats all you need to focus on.
the score means so much cause I have a house closing in 6 months pending credit score .... Otherwise i really wouldnt give a $hit, and wait it out Rhonda
OK well the car loan was removed.. R5 Loan 33K 120 days late now my score has gone up to 577 Those R9's are due to fall off soom so I will keep my fingers crossed
OK, well just got off the phone with the bank reporting these written off loans and GUESS WHAT! they screwed up! (like I didnt already know! Well not they arent mine but the DOLA reported to EQ and TU is wrong which means that all 3 will drop off in 4 months! YIPPE! Of course I asked them for the ammendment in writting and they are faxing it now, then I will in turn fax it to EQ and TU and I am on my way to that 700 club!!! Am I dreaming or will everything come crashing down .... Lets hope not!
