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11 Derogatories

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Anonymous
Not applicable

11 Derogatories

Over the course of this year I have paid off 11 collection accounts. $12,500. I started with the smallest balance and worked my way up. My score did improve several points when I paid these accounts. This month I opened a Capital One Quick Silver ($2,000), Milestone($300.00), Walmart($400.00)and Marathon. Credit Score in July was 615 today 623. All of the collections will come off in 7 years, which means they will all come off between September 2020 and April 2021. I was wondering if my credit score will improve in regards to the collection accounts the older they get. Thanks in advance for any feedback!

Message 1 of 4
3 REPLIES 3
Scupra
Super Contributor

Re: 11 Derogatories

The older they get, the less they impact score. When they fall off, it will still make a noticeable difference.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
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Message 2 of 4
Anonymous
Not applicable

Re: 11 Derogatories

Thank you!

Message 3 of 4
darwin_wins
Established Contributor

Re: 11 Derogatories

Also you can try GW letters after some time, you may get a standard answer saying how they don't do this and only report accurate account info but some collection agencies may relent if you send a letter to their CEO. Just don't pin your hopes on the letter achieving anything soon.
Message 4 of 4
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