Will this update increase my score, and if so when?

[Anonymous]

A charged off account of mine has been updated on Equifax, and to me it looks like a really good update! And this is after the creditor told me they could not do a 'delete'. I'm thinking this is better. Am I right??? I got the ScoreWatch alert on this update, but no change in score. Should I see a score bump too, and if so when?

Thanks in advance...

	Previously reported	Newly reported
Balance:	$448	$0
Past due:	$0	$0
Status:	Bad Debt; Placed for collection;	Pays account as agreed
Last activity:	5/1/2008	5/1/2008
High credit:	$498	$500
Description:	Charge off account Amount in high credit is original charge-off amount	Closed or Paid Account/Zero Balance Line of credit Amount in H/C column is credit limit

[Shellemilyrose]

That almost looks like an update I recently saw on my account too.  I'd be interested in knowing the answer.  Were you recently approved for a new account with the same creditor?

[Anonymous]

Heck no, I don't think they will want to do business with me again.

[Shellemilyrose]

Can I ask if it was a capital one account?  Maybe they just started deleting debts for fun?

[Anonymous]

No, it was a local bank.

[MYFICOisWACKO2]

Anything that is NOT removed from the credit file that was once a negative factor WILL ALWAYS be a negative factor.  PERIOD.

[Anonymous]

That was not the question. The question was whether it looks like it is now showing as a POSITIVE, by comparing the former reporting with the updated.

[fot1]

If you got the score watch alert  and the info was changed then any score change would have taken place at that time.

[AndySoCal]

Yes you should see some increase in the score. When was the account paid off?