Understanding FICO® Scoring

[hautemama]

Hello,

Just a question.. I have one or two accounts that are scheduled to drop off this year.  How long would it take for my credit report to reflect this change..?  I am contemplating when I should pull another credit report and score?  And trying to save money.. Would I even need to pull these if I have the Score Alert and CreditKeeper which allow me to keep track of my score and pull FAKO's?  My FAKO's are fairly accurate...

One additional question.  I have a few 30 day and 60 day lates on loans and a previous collection that are now a year old.  They are not willing to do a goodwill or PFD.. When will these have less of an effect on my credit?? Thanks!!

[MidnightVoice]

The score change will happen the day they drop off - when a 6.8 year old collection dropped off DWs, we goy a scorewatch email within days (and a 50 point increase  ).

[Timothy]

While some other posters have said they did not see a jump after a year of perfect payments- 

I did see a significant change-

These will have less of an impact as time goes by-

[MidnightVoice]

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Timothy wrote:

While some other posters have said they did not see a jump after a year of perfect payments- 

I did see a significant change-

These will have less of an impact as time goes by-

---

4 years of perfect payments sent my score soaring from 640 to 670 

Then I started getting serious.

[haulingthescoreup]

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MidnightVoice wrote:

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Timothy wrote:

While some other posters have said they did not see a jump after a year of perfect payments- 

I did see a significant change-

These will have less of an impact as time goes by-

---

4 years of perfect payments sent my score soaring from 640 to 670 

Then I started getting serious.

---

That's because you were already approaching perfection, and you had used up all your points! Slackers like me have lots of potential still out there.