If you have read any of my recent posts (I even posted about it earlier today), you know that I have been trying to get an au Sears account off my husbands reports. This account had several lates, right up to 120+ AND it was maxed out (up until just recently it was over the limit). Well, I just got his Equifax report. At first I was so excited.....they deleted!!! But....here is the kicker...he LOST 69 points!!!!!!!!!!!! He went from 701 all the way down to 632!!! I can't believe it. I am sick! We need to get his scores up high enough for a no doc mortgage and this is not going to cut it!!! He lost the points because the Sears account was very old. He has one account that is 5 years old (paid off truck loan) and all his other accounts are less than 3 years old. I just never imagined that this account with such a terrible payment record would mean such a loss in points. I was ready for no gain, but I just did not think he would lose 69 points!! This credit repair road is not for the weak!!!!! G
I forgot to add that the good news is that now his Equifax report is 100% clean!! However, that means that I can't do anything to get his scores higher except to wait! He does have 5 inquiries....maybe I will work on those.
