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Established Member
Posts: 36
Registered: ‎09-11-2007
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Two-Part Question (one about judgements and the other about balances)

I have a judgement that will be 7 years old on October 1st.  After 7 years it drops off your record, right?
 
So how much sould my score increase once that happens?
 
 
the second question is, is it better to have 10 cards, 5 with no balances and 5 with balances of 50% or more.
 
Or is it better to have 10 cards, and all 10 having balances of 33% to 50%
Moderator Emeritus
Posts: 16,373
Registered: ‎03-12-2007
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Re: Two-Part Question (one about judgements and the other about balances)



typist wrote:
I have a judgement that will be 7 years old on October 1st.  After 7 years it drops off your record, right?
 
So how much sould my score increase once that happens?
 
 
the second question is, is it better to have 10 cards, 5 with no balances and 5 with balances of 50% or more.
 
Or is it better to have 10 cards, and all 10 having balances of 33% to 50%


1.) judgments stay on your reports for seven years from the date they're filed.
 
2.) scores probably won't increase much
 
3.) as for the CCs the later would be better. it's best to have the fewest number of CCs reporting over 50% util.
Credit Profile -
FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1

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