Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 155
Registered: ‎04-14-2009
0

Need to know if this help my score???

I have a repo after my BK and am currently making payments on that repo with the company that financed me. But currently I have the option to pay the balance in full and then have them delete the trade line and the repo from my credit if I can pay the full balance in 30 days. My question is since I have a BK on my credit and this repo was after my BK will paying the account in full and having them remove it from my credit help or should I just settle and have a settled in full on my credit? Any help would be great!!!
Moderator Emeritus
Posts: 7,326
Registered: ‎06-18-2007
0

Re: Need to know if this help my score???

I would have it deleted. You can't do anything about the BK reporting but you can get this baddie deleted.

 

make sure that you have in writing that they will delete all reporting whrn PIF.

 

You want all baddies off your CR when you can and if not then have more good credit reporting then bad.

Regular Contributor
Posts: 155
Registered: ‎04-14-2009
0

Re: Need to know if this help my score???

I did get it in writing and it is signed and notarized from the company they agree to delete the trade line completly if the account is paid in full by the last day in August. Will having this removed increase my score?
Senior Contributor
Posts: 4,293
Registered: ‎05-01-2008
0

Re: Need to know if this help my score???

[ Edited ]

ewingerter wrote:
I did get it in writing and it is signed and notarized from the company they agree to delete the trade line completly if the account is paid in full by the last day in August. Will having this removed increase my score?

It doesn't get any better than that!!!!  Yes, any baddie removed will give you a bump up.  How much?  No one knows.

Message Edited by BungalowMo on 08-07-2009 11:33 AM


Starting Score: 02/2015 TU 709 - EQ 676 - EX 729
Current Score: 07/2015 TU 730 - EQ 699 - EX 724
Goal Score: 850

Bury me in the garden...last app 08.09.15

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 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.

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.