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  1. No confusion here other than not realizing the new board does not carry over quoted material inside a post into the new quote. I responded to your post and the omitted quote of althes within your post, which I posted above. My comment directly pertains to althes question. Further, Konrad's loan hack thread you referenced directly states if you have a mortgage, the installment loan hack does not work and no points can be added. I merely presented information directly stated from FICO themselves, never before discussed on CB, which seems to contradict the current view of how the installment hack works for at least one FICO scoring model.
  2. I did recently see a statement to the effect "no open non-mortgage installment loans" in regards to FICO comments on items hurting credit score. It was on one or two of the Fico versions. I can't remember which one(s) but I think FICO 4 was one of them. This goes against the previously accepted wisdom in which any one installment loan, mortgage included, was all that was necessary to increase scores.
  3. Should have stated "PC" instead of "move over the CL". I had written more originally and incompletely deleted/changed it.
  4. There is no AF and it is the best they have at the moment. They might bump up their other cards too so it might be prudent to wait and see what plays out on the other cards. You should be able to PC. You might want to put some thought into your reasoning in wanting to move over the CL ahead of time.
  5. Starting in September, on top of existing 3% Groceries and Gas: Dining raised from 2% to 3% (includes fast food). Commuting category added at 3% including ride share, taxi, buses, commuter trains, tolls, parking, etc.. This card was always one of the best cards for rebuilding. Now this makes it one of the best "one carry" cards for cash back regardless of credit stage as it covers many top categories at 3%.
  6. The answer to this is the next piece of the puzzle.
  7. You are correct in the 7.5 years technical aspect. However, in practice this is seldom done. I can think of maybe a couple of threads, as long as I have been reading these boards, where a TL was deleted by the bureau at 7.5 years. The bureaus set the auto deletions to delete 1-4 months early. The DOFD was changed THREE times, each time without a corresponding change of last reported date, It seems odd that a credit bureau would do something as inefficient as this. This leads me to this question. Can a creditor make a change to a TL WITHOUT having the last reported date updated? If someone could definitively answer this question, it would be helpful to determine who is originating the change.
  8. If you provide EQ with their own actual mailed reports they sent to you which document the DOFD date changing, they would be hard pressed not to delete that account. I would not send the original mailed copy because it is your evidence if you need to take this further. I would think mailing a copy of the whole report with a statement explaining the situation and requesting deletion would be best.
  9. With the previously alluded to proper documentation by Heg, you are on the right track to fix this problem. Look at the "items as of date reported" date. If this last reported date updates to a newer date with the corresponding DOFD changes, the account holder is making changes to the trade line. My recent experiences show EQ auto deleting 4 months prior to 7 years. If the DOFD stops moving, this may resolve itself in a few months. In regards to unintended consequences, I have seen limited data points which may indicate the auto delete gets disrupted when a dispute is recently done prior to the auto delete date.
  10. I am trying to not have them look too hard at the account as they stopped reporting 6 or the 7 lates probably by mistake. Risk of 6 added back on vs. one removed = proceed with caution. The TU supervisor did not provide a letter. He suggested I obtain a letter from the mortgage company addressing the actual DOFD and present said letter back to TU to attempt deletion. I was speaking to TU over the phone after the 7 year auto-deletion failed to remove this sole late. This call was made as I read several times that TU supervisors have the ability to correct things, similar to what EX customer service reps can do. He did inform me that he could not do anything because the DOFD of the late was not showing as the DOFD of the string that was deleted. He did not state that there was NO DOFD and it was my mistake at the time to not ask him what DOFD was showing on the late.
  11. This tradeline is my current mortgage so there is no chance of it being deleted. The previous 3 servicer TL's were deleted. My AAOA is now 14+ years so no big deal there. I wanted them deleted anyways to purge other info they contained. The current mortgage company took over the loan and I brought the loan current 7 months later. They had initially reported the 7 total 120"s before I brought the loan current. Sometime after bring it current and prior to the 7 year auto deletion, the current lender stopped reporting the 6 preceding lates. This broke the chain of lates, leaving a 6 month gap to the last 120 day late. When the 7 year auto deletion came around, this late was the only late not deleted. All 3 prior servicing TL's were deleted in their entirety. Unfortunately, I did not know there was no DOFD being reported for this late or I would have tackled that prior to the 7 year auto delete sequence. I am not sure it would have been deleted even if it had the proper DOFD due to the 6 month break of the chain. It certainly would have had a higher chance than with no DOFD. My unintended consequences concern is a potential back fill of the six previous 120 day lates prior to the lone 120 in question.
  12. There is one 120 day mortgage late remaining on two of my credit bureaus. I am trying to figure out the best approach to remove the late while best avoiding unintended consequences. Lates the current servicer stopped reporting for some unknown reason a while ago, could be added back. Details: 1. TL is open and is my current mortgage servicer. 2. DOFD over 7 years ago and actual 120 day late remaining occurred 3 years ago. 3. The 120 was the last late of a string of lates never brought current spanning four years and four servicers. 4. All other servicer TL's and their lates in the string automatically deleted by all 3 bureaus at around 6.75 years after DOFD. 5. Current servicer at some point prior to the auto deletion, apparently broke the chain of lates by only reporting the last late and not the other six prior lates during their servicing. 6. When current servicer broke the chain, they apparently stopped reporting the DOFD . I just phone verified with both bureaus there is NO DOFD reported for the 120 late. My initial approach with these lates was to just let them auto delete. I chose not to dispute these as the string was four years long and had closed servicers with old last reported dates. Any dispute I lost would likely have an updated last reported date. This would subsequently hammer my good fico scores. Unfortunately, my plan only partially worked. Approach #1: Obtain a letter from servicer which states late has a DOFD 7+ years and forward letter to dispute with bureaus. This approach was suggested by a TU supervisor. I thought this seemed like the best approach until I found out today their is no DOFD being reported by servicer. I feel this approach has the lowest chance of unintended consequences as I only ask the servicer for a letter. Approach #2: Without the letter, file a dispute directly with the two bureaus challenging the late being past 7 years DOFD. This approach now seems good as well, considering the late originally occurred 7 years ago and 3 servicers ago. Current servicer may have hard time providing the DOFD within the 30 days or find it too much hassle to provide. I now think this approach is more likely to be successful but It also seems to carry more risk. Approach #3: Brilliant idea from Creditboards member? The only reason I am hesitant with approach #2 is the reported 120 day late and the six unreported lates are all with my open current servicer. There is some debate over how the "never brought current" applies to strings of lates spanning into a open and now current account.
  13. You might not have to do anything. I put some recent early auto delete information in the thread CV mentioned. EX automatically, without any effort from me, deleted 4 months early for two different DOFD's. I believe I received the auto deletes because I never attempted any previous deletions for any reason. There was not enough clean data to make a solid determination but it is a hunch I have. If you never tried for a deletion on the account for any reason, it would be interesting to see if you get the 3-4 month auto delete.
  14. Are you having a "Dave Ramsey" moment? 😊 The opposite can be the case. Creating the largest liability can allow one to not have to work. Currently, I could NET 6%+ in semi-passive income on a considerable amount of 4%ish cash taken out on a fixed term mortgage,
  15. I looked at the graph and it showed a clear decline in the over 50 age groups. 50-59 - $2.2B 60-69 - $1.4B 70+ - $0.72B This bracketing seems perfectly normal. 30 year mortgage is by far the standard mortgage term in the US. Most people don't buy a house at 20. Even if they did, the vast majority will move or refinance prior to 30 years culmination of a purchase loan. I don't know the exact statistic right now but the average homeowner moves approximately every 7 years. That does not take into account further "30 year clock resetting" from refinancing activities. Also, as alluded to by hdporter, economic periods of lowish interest rates are conducive to holding mortgages. Therefore, mortgages over 50 can be very logical.
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