Reply
Established Member
lookingforhome
Posts: 43
Registered: ‎12-03-2007
0

Need Advice

I have a credit card that had a cl of 4000. I recently paid $2200 on it leaving me with a balance of $1800.  Should I see a big increase in my credit score once this payment is updated with the cra's?  Also I sent a PFD letter for a collection account, if they agree to delete account will that also impact my credit score?
Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
0

Re: Need Advice

Good job on the pmt. You'll see a small score bump on your CC, assuming that is your only CC and that you don't have any CC charge-offs. YMMV and would also depend on overall credit. 10 pts maybe? If you were to pay it by 800 more, I believe you'll see a higher bump (again assuming only card) as your util is under 35%.
 
The CA removal will help. It would depend  on how many you have now and how new or old it is. Some people  have reported 50+pt jumps with a removal. My very first removal of 5 reporting then resulted in a 5 pt gain.

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}