Removing Past Due / Bad Debts

[getitdone2013]

my fico EQ score as of 01/22/14 is 651

AAOA is 15 years

No new accounts in last 5 years, no inquiries, only a few positive - closed tl's

 

see chart below...

 

1) Amex falls off 12/14 (past SOL) disputing as obsolete

2) Pay verizon $157? they continue to report each month

3) Portfolio (BOA) $1,300 - waiting on CFPB results

4) GOC has a judgement of $12k, falls off CR's 08/15 - leave alone and not dispute, right?

5) Cap 1 owned by Midland, but mid not on my report. leave alone & let fall off on 08/16?...worried about suit being filed...

6) BOA - disputing again, they failed to verify in 30 day window

 

Hope to get to 700 with Amex & Portfolio removal and being added as an AU.

Will I be denied new cc's because GOC, Cap One are showing as collections?

 

Amex 12/1992 $14,301 Bad debt/collection

Portfolio 9/2011 $1,300 120+ days past due Verizon 12/2010 $157 120+ days past due Bk Of Amer 8/2007 $0 Bad debt/collection Cap One 9/2003 $0 Bad debt/collection GOC 7/1996 $0 Bad debt/collection

[getitdone2013]

Amex $14,301 Bad debt/collection

Portfolio $1,300 120+ days past due

Verizon $157 120+ days past due

Bk Of Amer $0 Bad debt/collection

Cap One $0 Bad debt/collection

GOC $0 Bad debt/collection

[shifter]

just removing a couple of those isn't going to bump your score that much. you need to get them all removed.

 

any CO is going to prevent you from getting approved for prime CCs.

 

but you might want to recheck the judgment details as I don't think those just go away.

[Redfoot]

just removing a couple of those isn't going to bump your score that much. you need to get them all removed.

 

any CO is going to prevent you from getting approved for prime CCs.

 

but you might want to recheck the judgment details as I don't think those just go away.

 

Not necessarily.

 

Anecdotal of course but I have been approved by BOA, US Bank, and Chase with a First Premier CO from 08.

 

Also, a judgement from 06 which was paid via garnishment but never update as paid aged off at 7 years.

 

YMMV.

[getitdone2013]

How do creditors view a chargeoff that show as paid? It was sold to a jdb but the jdb is

not reporting. See below...

 

Condition: Derogatory Derogatory Derogatory Balance: $0 $0 $0 Type: Credit Card Credit Card Pay Status: Collection/Chargeoff Collection/Chargeoff Collection/Chargeoff

[shifter]

for score purposes, it's just as bad as one that's unpaid.

 

the only difference is in a mortgage situation they will likely require any to be paid before closing.