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#Morningstar - Says,

Woot!

Just pulled a myfico: EX score at 715!
14 Months ago, it was in the 530 range!

All but one derogatory remark has dropped off (May 08 for the last one)
Paid down a lot of debt

All I need to do is try to have a PIF/Closed account in good standing removed. This is from a consumer finance company; it is a sign of less than ideal credit. They offer loans for higher interest rates (=risk), taking one of these type of loans will drop your score--but I don't know how by how much.

Finally, things in life are starting to really turn around!

#Laura - Says,

This is really great news morningstar. You brightened our day. remarkable development in your score.

Just a question how to keep a closed account in good standing?

#Morningstar - Says,

I don't understand your question.
#Laura - Says,

Quote:
All I need to do is try to have a PIF/Closed account in good standing removed


I dint understand this part.

#Morningstar - Says,

I have a paid in full/closed account that I want removed from my credit report. Not a charge-off or a 30-60-90+ late payments, but the existence of the account itself is lowering my score.
#Laura - Says,

Ok I got your point here. A PIF or Close account lowers your score.
#Morningstar - Says,

No, it's the type of account itself; the type of loan someone with poor credit is far more likely to take out than a person with good credit. Open or closed, the account showing up on my report is causing some reduction of points.
#Morningstar - Says,

Let's use CashCall as an example. If they report to the bureaus, then even an account with perfect payment history will hurt your score. Who's going to use CashCall? Someone who needs a loan and can't get one from a regular bank.
#Laura - Says,

That was simple. I got your point Morningstar.
#goodnatured - Says,

OMG, that is excellent. Great job, how long have you been working on raising it? or just the derrogatory's falling off did that much improvement? I wonder if when good stuff falls off if it lowers your score?
#goodnatured - Says,

How often do you pull your credit report? Do you have a particular reporter of the three that gives you more information than the other? I know that one free one a year is available, which is the best to pull first?
#Guest - Says,

that's fantastic - good for you! i am new to this site, was perusing and found this thread. i am still not sure which route to take for my issues, but feel slightly better knowing this site exists.
i am wondering how this happened so fast? what did you have to do?

#goodnatured - Says,

I am anxiously waiting the answer to that question also guest. I really need help bringing up my score. It is low.
#Laura - Says,

I would suggest you to pull all three and compare the scores. Read the reports throughly and dispute any item in case of discrepancies.
#goodnatured - Says,

I am wondering if the positives falling off lowers your score, if the derogatories falling off raises it.
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