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New Member
Posts: 9
Registered: ‎01-05-2012
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How many points will your credit score increase if error is corrected on a report?

I had a collection agency place a negative item on my credit report.  The amount is 52K!  It should be cleared up with all agencies once the dispute is processed.  How many points may my credit score improve?  "It depends" is not the answer I'm looking for.  I'd like a range if anyone has a clue.  Thank you.

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Posts: 2,791
Registered: ‎03-18-2007
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Re: How many points will your credit score increase if error is corrected on a report?


Raiders wrote:

I had a collection agency place a negative item on my credit report.  The amount is 52K!  It should be cleared up with all agencies once the dispute is processed.  How many points may my credit score improve?  "It depends" is not the answer I'm looking for.  I'd like a range if anyone has a clue.  Thank you.


Hi, and welcome to the Forums!  :smileyhappy:

 

I can't give you a guesstimate or range, only partly because I'm not among the scoring gurus we have on here - and even they would need a much more detailed picture of your credit profile even to hazard a guess.

 

Hopefully, one or more of them will be able to respond, but in the interim, you might run your info through the FICO Score Estimator and see if that gives you any idea.  Do your info with the derog first, then redo without it.

 

Hope this helps, and welcome again.

_____________________________________________________________________________
It's never too late to become the person you might have been. ~George Eliot

02/12/09 EX: 701 / 02/08/10 EQ: 719 / 02/08/10 TU: 723

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Registered: ‎01-28-2010
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Re: How many points will your credit score increase if error is corrected on a report?

How many other derogatory accounts or accounts with late payments are showing on your CRs ? The good news is that your score will return to where it was previously IF you are able to get the collection removed from your CR.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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Registered: ‎01-05-2012
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Re: How many points will your credit score increase if error is corrected on a report?

I have nothing else.  It's a clean report except for Nationstar screwing us up.  

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Registered: ‎04-01-2007
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Re: How many points will your credit score increase if error is corrected on a report?

A brand new collection can drop your score 75-100 points, if it was clean before. It varies though, depending on what else you have going on, like if you allow balances to report, and how old your credit history is on each report.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
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