I wanted to share an experience that I am now going through. I just had a installment loan fall off the credit report after it's 10 year period from the tiem the loan was paid in full and the account was closed. My score went up 1 fico point. I was not sure what would happen. On a last note the account was positive and never late. On purpose I pulled a report and score just to see what the new score would be before and after the account dropped off. I will be doing the same thing when my chapter 7 bankruptcy falls off in December 2008. I just felt that everyone would like to hear this.
