how long is a negative item considered "recent"?

Feb 132011
 

on my report I have a collection that is 8 months old that the co is removing from all reports this month. I also have a paid public record that is 1year 11months old and it still is being considered recent.

 

understanding your FICO score

you have recent public record and collection on your credit report

your most recent public record occured

1year 11months ago

your most recent collection occured                       this item is being removed

8 months ago

 

thanks for your help

NCO Financial – GW Success?

Nov 302010
 

I completed a payment plan with NCO financial for an old AMEX debt that was my DW’s…it is reporting a $0 closed and the only entries are NOV 2008 KD and Dec 2008 OK.

 

Has anyone had any luck with GW with them?

 

Will removing this increase my score – this is the only collection on my report – I do have a few lates that are 24+ months old that I am working on GW letters for.

Thanks!

Raise my score for FHA

Sep 012010
 

I am a first time home buyer who is trying to raise my credit score in order to get an FHA loan.  I have 4 unpaid collections that are more than 3 years old, I keep getting conflicting answers as to paying them off or leave them alone until after my loan goes through. I also have 2 options to be added as an authorized user on a credit card, until I can get my own card. 1 has 3k limit, is 4 years old and is maxed out. 1 has a 500 limit, is about 8 months old, and has a zero balance, both have excellent payment history. Should I use both? Or just one of the cards? Is which one will help the most?

Should I Cancel my First Premier

Jun 302010
 

I have a first premier card that served it’s purpose for a while but I’m really tired of paying a 7.00 a month servicing fee and a 48.00 annual fee I don’t use the card at all. The only problem is this is the card with the longest payment history. I have 1 other card that is just about as long and a few others less than 12 months old all of which have never been late. Will closing this card hurt my score or should I just suck it up and keep paying these useless fees?

 

 

Thanks,

Tim

Help with collections….

Feb 202010
 

I have a CA with Collection Company of America for $525 from a school. I asked the school (who will take payment from me) if they would tell the CA to delete if I paid the school in full. They said no, all they would do is tell the CA to mark the acct. as paid. I did owe the school $135 for unrelated charges that were not associated with the CA and now they are reporting a $135 to them and my CCA CA now says I owe them $390 (525-135). I have tried to PFD the CA but now it seems like I am making payments to the school (even though I’m not). Should I keep on CCA for a PFD? or take my chances to PIF and DV or dispute and hope it falls off. The school is a bunch of morons and I just want this to go away. The CA is only like 4 months old and I know it is really hitting my score. It is the only bad thing on my report. Any help is appreciated!!!

Dispute — Obsolete — Timeline

Jan 242010
 

Hey Everyone :)

 

Question for the credit gurus of myFICO.  I have an account that is roughly 7 years, and 4 months old (DOFD)  The trade line has been deleted from 2 reports as of October 2009, and still sitting on my TU CR.  Should I hold out for another 2 months hoping it drops off, or should I go ahead and move forward with a Dispute – Obselete ??? 

 

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