Over the last 4 months, I’ve been able to remove 11 open collections and 4 charge offs, and PIF 6 charge offs. I’ve also added 3 new revolving lines of credit with low balances and no lates. As you can tell in my siggy, my scores have only increased slightly.
Here’s what I still have remaining.
Equifax: 9 unpaid charge offs and 3 open collections
Experian: 7 unpaid charge off’s and 5 open collections
TransUnion: 4 unpaid charge offs and 3 open collections
I realize I still have alot of work to do but I feel like alof of improvement has been made here but my scores are only a little higher than when I started. I guess I expected them to be higher. Getting rid of all those collections improved my untilization, plus adding the 3 new lines of credit.
The remaining baddies are all old and if I let them age off, they would all be gone by the end of next year. I have 2 new revolving lines that will be reporting in a couple of months, which I intend to keep at a zero balance. What is it thats keeping my scores so low? The charge offs or the open collections?