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How much does it affect your FICO score when you settle one or two CC's instead of all of them?

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Anonymous
Not applicable
‎06-02-2009 06:12 PM
‎06-02-2009 06:12 PM

Re: How much does it affect your FICO score when you settle one or two CC's instead of all of them?

How about I move this over to Understanding FICO Scoring?

 

It is more about scoring than rebuilding. I can't tell you an estimate on score change, but you are likely going to change buckets.

 

I'll bet you'll get better answers if I moved this.

Message 11 of 14
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Anonymous
Not applicable
‎06-02-2009 06:15 PM
‎06-02-2009 06:15 PM

Re: How much does it affect your FICO score when you settle one or two CC's instead of all of them?

OK, sorry I couldn't figure out where a question like this would go.

 

Thanks!

Message 12 of 14
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Anonymous
Not applicable
‎06-02-2009 06:21 PM
‎06-02-2009 06:21 PM

Re: How much does it affect your FICO score when you settle one or two CC's instead of all of them?

I have no lates in the last 2 years. An error showed up on my TU report, 1 random CO mark for last month. I lost 93 points.
Message 13 of 14
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Anonymous
Not applicable
‎06-02-2009 06:22 PM
‎06-02-2009 06:22 PM

Re: How much does it affect your FICO score when you settle one or two CC's instead of all of them?

Moved from RYC so the OP could get some input from the scoring gurus.
Message 14 of 14
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