Reply
Frequent Contributor
Posts: 327
Registered: ‎04-08-2013
0

CO Becomes Less Impact?

When does a CO start to have a less impact on your score? Paid CO if it even matters.
Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
0

Re: CO Becomes Less Impact?

Moving to understanding FICO scoring
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: CO Becomes Less Impact?

A CO, paid or not, is still a major derogatory.  Though the impact fades over time, there will still be an impact for close to 7 years.

Frequent Contributor
Posts: 327
Registered: ‎04-08-2013
0

Re: CO Becomes Less Impact?

The last deliquent on CO was in 2010 but I paid it Feb of this year so does time of impact start from 2010 or Feb of this year??
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: CO Becomes Less Impact?

Contributor
Posts: 80
Registered: ‎04-02-2013
0

Re: CO Becomes Less Impact?

I have researched this CO thing a lot on these boards and other forums. No one really knows which is very confusing. All I ever see is the fact it will remain for 7 years and then fall off at 7.5 max. The whole squirrely thing is the counting of how the dates are 30,60,90,120.150 etc and for each of those we get dinged. The 30 fades fast, the 60 a bit slower, but we get hard on the score for the other dates when it all on the same account that went into a CO status. It confuses the consumer that is for sure.

I have definitely improved my scores from 544 to what it is now from all the help on these boards.

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.