@JM-AM wrote:
Paid and or unpaid judgements and or collections have no impact on FICO scoring. The Judgement and or Collection is what impacts the score. Having several Judgements and Collections on a report can have adverse reactions for negative scoring but at some point they have a limit on how many will impact your score for scoring purposes.
This is the same as when having a good positive CR. When you apply for credit you get INQ's but after so many INQ's they no longer have an impact on your score since you are already penalized the maximum for scoring purposes.
While you had several Collections removed, the presence of a few Judgements are what is keeping your score down with-out any changes.
I'm not entirely sure about this. According to What's In Your Score your payment history consists of:
- Account payment information on specific types of accounts (credit cards, retail accounts, installment loans, finance company accounts, mortgage, etc.)
- Presence of adverse public records (bankruptcy, judgements, suits, liens, wage attachments, etc.), collection items, and/or delinquency (past due items)
- Severity of delinquency (how long past due)
- Amount past due on delinquent accounts or collection items
- Time since (recency of) past due items (delinquency), adverse public records (if any), or collection items (if any)
- Number of past due items on file
- Number of accounts paid as agreed
I might be reading this wrong but I can't find where there comes a point when scoring stops taking into account how many negaive items of any type are on a report.
I'm not saying you're incorrect but I just don't know.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
