01-20-2012 01:05 PM
01-20-2012 01:26 PM
Just paying the debt per se wont result in score improvement.
However, your score could change depending upon whether the debt was still being reported by the OC, and being used in the calculation of your revolving percent utilization.
Upon payment of the debt, both the balance and any remaining CL still reporting are removed from your % util calculation.
As for your plan to use an attorney for pursuing a good-will deletion, which is what you would do to request deletion of a paid collection, I personally would not take that path.
It makes your humble request for GW appear to be a legal issue. I would keep it straight from the consumer. It is not a legal issue, it is a personal request.
01-20-2012 01:40 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO