Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 20
Registered: ‎06-12-2011
0

How much will it help my credit to remove late marks

I just recently got a reply from one of my old student loan companies saying they will remove all of the late marks on my credit report as a goodwill. there are five separate accounts with them on my report with an average of 15 different late marks on each account starting from the middle of 06 to the end of 2009. Will this possibly raise my score or will it just look better for future credit inquiries? Any advice is appreciated
Epic Contributor
Posts: 25,177
Registered: ‎03-19-2007
0

Re: How much will it help my credit to remove late marks

It should benefit both ways.

The degree of score increase as the result of dropping of derogs will be dependent upon what other derogs still remain in your CR.

Being clear of derogs will put you in a clean scoring bracket, thus making further improvements in other areas a bit more significant.

Regular Contributor
Posts: 138
Registered: ‎06-04-2012
0

Re: How much will it help my credit to remove late marks

If you don't mind me asking, who are your loan servicers and where did you send the letter. I would like to goodwill one of my student loan servicers...I think mine is Direct Loans.
EQ FICO 564 (3/12) Lender pull 673 (4/12) FICO 703 (6/13)
TU FICO 605 (6/12) to FICO 687 (3/13) Lender pull 680 (4/13)
EXP FICO lender pull (4/13) 651
Homeowner since September 2013!
Highlighted
Established Member
Posts: 20
Registered: ‎06-12-2011
0

Re: How much will it help my credit to remove late marks

I had five original accounts with panhandle plains student loans. That is the company who is going to remove late marks. However those five accounts were consolidated into three accounts with acs. So I am still working on getting lates removed with acs and aes student loans

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.