SteveAR Posted December 11, 2008 Report Share Posted December 11, 2008 Ok CIC ,Its been a while and I've been trying to help others with getting their own Credit fixed. Now i know most of you here have more experience than me in all this so I'm asking for some infohere my question: I checked Experian and i have 2 Major things coming off this month. This is what it saysThis account is scheduled to continue on record until Dec 2008. One for $1,445 and the other for $1,481So in Jan when i check my truecredit these will be erased and my Credit score will go up or down ? Let me know what to expect . Thanks guys! Link to comment Share on other sites More sharing options...
SteveAR Posted December 11, 2008 Author Report Share Posted December 11, 2008 Oh and my score is 588 on Experian right now. If it does go up what do you project it to go to? Link to comment Share on other sites More sharing options...
gator944 Posted December 11, 2008 Report Share Posted December 11, 2008 Without knowing what is in your credit report, I can't answer your question. I doubt I could answer it even if I did know, but I did want to give you a heads up to my recent experience with something very similar with EX.I have a Cap One account that was showing "This account is scheduled to continue on record until Nov 2008". I just left it alone knowing it would be gone soon. It's not reported by any other CRA.November 30th, still showed on record until Nov 2008. Pulled my report on December 1st anxious to see it was gone. To my surprise it now says "This account is scheduled to continue on record until Dec 2008". I'm sure my immediate letter to EX correctly reflected how fired up I was. Link to comment Share on other sites More sharing options...
SteveAR Posted December 11, 2008 Author Report Share Posted December 11, 2008 Without knowing what is in your credit report, I can't answer your question. I doubt I could answer it even if I did know, but I did want to give you a heads up to my recent experience with something very similar with EX.I have a Cap One account that was showing "This account is scheduled to continue on record until Nov 2008". I just left it alone knowing it would be gone soon. It's not reported by any other CRA.November 30th, still showed on record until Nov 2008. Pulled my report on December 1st anxious to see it was gone. To my surprise it now says "This account is scheduled to continue on record until Dec 2008". I'm sure my immediate letter to EX correctly reflected how fired up I was.wow i hope that doesn't happen to me. Ill keep you posted though for sure.anyone else? Link to comment Share on other sites More sharing options...
SteveAR Posted December 12, 2008 Author Report Share Posted December 12, 2008 no one else can help me here? I have people waiting with similar questions so if you experts can help out ide appreciate it. Link to comment Share on other sites More sharing options...
HeddyLamar Posted December 12, 2008 Report Share Posted December 12, 2008 I had a tax lien that fell off on or about Dec 1st. There was no indication, except for the date of the original appearance, Dec. 1998, that would suggest that this item would fall off this year. So, I had written several letters to Exp. and had established that 10 years was the max this could remain, according to Calif. statutes. So, I was hoping that the lien would fall off. When it did, to my surprise, my score increased by 6 to 9 pts. However, I had also paid down a credit card to zero so my total increase was 15 points from Nov to Dec- Exp was 617 went to 632. It seems that the items that hurt the scores most, those that drop the score dramatically when first inserted, when removed or reversed do not return the score to its former level. Also, I have a bogus collection that has history and I anticipate, because it has some (faked) good payment history for several years, that when it is removed next month my score may drop. I will let you know and I hope this helps. Link to comment Share on other sites More sharing options...
willingtocope Posted December 12, 2008 Report Share Posted December 12, 2008 Its really tough to be 100% accurate about such things (after all, the algorithm is secret) but, in general, old baddies don't hurt enough to cause a major jump in either FAKO's or FICO's. Maybe 10-20 points at most. Link to comment Share on other sites More sharing options...
SteveAR Posted December 13, 2008 Author Report Share Posted December 13, 2008 I had a tax lien that fell off on or about Dec 1st. There was no indication, except for the date of the original appearance, Dec. 1998, that would suggest that this item would fall off this year. So, I had written several letters to Exp. and had established that 10 years was the max this could remain, according to Calif. statutes. So, I was hoping that the lien would fall off. When it did, to my surprise, my score increased by 6 to 9 pts. However, I had also paid down a credit card to zero so my total increase was 15 points from Nov to Dec- Exp was 617 went to 632. It seems that the items that hurt the scores most, those that drop the score dramatically when first inserted, when removed or reversed do not return the score to its former level. Also, I have a bogus collection that has history and I anticipate, because it has some (faked) good payment history for several years, that when it is removed next month my score may drop. I will let you know and I hope this helps.ok that helps a lot. Ill be posting and letting everyone know what happened. Im sure there will be more with the same question. Its really tough to be 100% accurate about such things (after all, the algorithm is secret) but, in general, old baddies don't hurt enough to cause a major jump in either FAKO's or FICO's. Maybe 10-20 points at most.yea i know its hard. but you gave me what i was looking for. thanks for the rough numbers and i hope other people post as well with more info. Link to comment Share on other sites More sharing options...
SteveAR Posted December 19, 2008 Author Report Share Posted December 19, 2008 Well guess what! today i checked my Fako (truecredit.com ) and my experian was at 505. So i clicked the update option and one of these baddies fell off already. My score went up to 555 in that one thing coming off. i plan to check my real fico in jan so i hope the other one falls off as well. Link to comment Share on other sites More sharing options...
wahoo238 Posted December 19, 2008 Report Share Posted December 19, 2008 Ok this might be fun! I'll guestamate 2 neg gone real fico, 26 pt gain. Link to comment Share on other sites More sharing options...
red1gtrubodsm Posted December 19, 2008 Report Share Posted December 19, 2008 Im guestimating only about 15 fico. I have a feeling there will be quite a loss in "age of TL's" when both fall off completely Link to comment Share on other sites More sharing options...
SteveAR Posted December 19, 2008 Author Report Share Posted December 19, 2008 Ok this might be fun! I'll guestamate 2 neg gone real fico, 26 pt gain.Im guestimating only about 15 fico. I have a feeling there will be quite a loss in "age of TL's" when both fall off completelythanks for the guess guys and ill def post that up in Jan (or as soon as the other falls off) I have other accounts that have long time as well but not to good. the only thing that has me in good credit is my one car loan that is paid off and all payments on time. 20k loan. Link to comment Share on other sites More sharing options...
red1gtrubodsm Posted December 22, 2008 Report Share Posted December 22, 2008 Hopefully im wrong! I would like to see a 50 point or more jump. Its always a good feeling knowing your scores are going to come up. It makes all the BS worth it Link to comment Share on other sites More sharing options...
wahoo238 Posted December 23, 2008 Report Share Posted December 23, 2008 My guess was based on a +15pt jump for each neg TL gone but only a 2 pt each drop for loss of avg age. Let us know I am curious. Link to comment Share on other sites More sharing options...
red1gtrubodsm Posted December 23, 2008 Report Share Posted December 23, 2008 I figured the negative effect of the TL's would almost be offset by the gain in age of accounts. But if there are more 7+ year accounts on the CR then im off base a bit more. Link to comment Share on other sites More sharing options...
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