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First question I have is Capital One- Discover Card.. threatening to me to court for $500? Hoping for any response. Another question I got... My TU report went from 7 CAs down to 3 CAs yet my score didnt change a point.. |
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Hmm... I need to find out myself. I don't know what is the answer to your question. I'll do some research in Google and get back to you if I got an good answer. You should email the people at Discover Card as they probably can help you..
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That doesn't sound good. Mine are all clumped under "Derogatory Accounts." Is that what you mean?.
Jeez, no wonder it's so hard to get those scores up... |
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MyCreditKeeper has a credit score estimator that allows you to see the difference adding and removing things from your personal CR. When I take one CA off, my score barely moves. When I take off 2, same thing. When I take off all 3...85 point jump in score..
So, yes. I believe until you get a clean report, at least clean from CA accounts, your score won't move much... |
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The total derogs were:.
4 open CA accounts. RIP. 3 closed CA accounts.. The 4 open Accts fell off, leaving 3 closed, PAID collections to work on.. Luckily, 1 of the remaining closed CAs is dropping mid 2010.. Just leaving 2 from the same CA to battle for a clean Collections category... So apparently, ANY collection is enough to trigger the score hit.. Open or closed. The difference, I imagine is as the Closed accts. Age, they weigh less, while the open accounts dont change age. Away weight.. Thats a guess, but it seems to fit what I'm seeing... This post has been edited by. Sonicanatidae. : 06 December 2009 - 02:21 PM.. |
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First, make sure you are looking at your mailed-in reports, not what is seen online, but the mailed in ones from each CRA..
Study each "collection" very carefully - do any of them have status of "open"with a past-due? if so that is incorrect reporting, unless you personally agreed to open this account with them and make it past-due yourself by not making timely payments to an open account.. Derogatories can contain both collections and any accounts with past-due in them... |
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There are some exceptions to this apparently. For instance, I was garnished by.
A Student Loan I defaulted on and DURING the garnishment period, they still. Reported the loan as +120 date, while they are collecting payments and. From what I've read in the SL forum, it's perfectly legal.. *sigh*.. |
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Well this is certainly discouraging. Unless and until I get ALL the derogs off I'm not going to see a jump. Then I'm still stuck with that tax lien. What a downer.........
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Student loans are a whole different ball game, so yes that would be correct...
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I have my TU (the only one I've received in the mail so far) in front of me. There are 8 derog accounts and 6 are reporting as "Open" with Past Due on each reporting as >$xxx<...
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Don't be discouraged! I started with 11 on one report and it's down to 5 now. Well, really 3 as EQ is double-posting 2 CAs. My score has improved drastically with the combination of adding 2 new TLs and removing Public Records and Closed & Opened CAs..
I just started 2 months ago. You'll get there. Just keep busting away at it... |
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How long did it take you to see the score jump, or was it gradual?..
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Biggest score jump was when I added my Macy's card. I had already had a bunch of deletions, and that barely got me over the 600 mark. The Macy's card pushed me to @ 630-650. I haven't activated my HSBC card yet, but the score estimator says I should only expect another 10 points or so for that...
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Are you pulling your FICOs or are these CCT score changes? 'Cuz other than a 14 point EXP jump when I got an old revolving account deleted, I haven't seen my CCT scores change...
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I've pulled CCT and MYFICO and neither has moved a point since those 4 open CAs went poof....
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Based on your sig, I'm guessing you won't see any noticeable score improvement until your reports are clear. Your scores are better than mine and I have less baddies. I'm assuming you have more good TLs than I do with a longer history...
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