Re: 2p2 Creditworthiness
One retarded thing I did when I was in college was open a Banana Republic charge card (for the 10% discount or whatever), proceeded to forgot about it... bank eventually charged it off which is a pretty significant derogatory in of itself, coupled with a 90+ days late derogatory. The outstanding amount was like $70 or so.
When I found out about this I actually tracked down the issuing bank, which took forever to find, paid the charge-off (so that got knocked out) and they switched it from 90+ days to 30 days late. Can't remember how much this improved my credit score since it was a while ago, but I think it really helped. This is my only derogatory, and was many years ago (not sure exactly how this works, but I think after 4 years or so, minor stuff doesn't really impact your score that much, if at all).
-Al
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