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WHICH WOULD INCREASE YOUR SCORE MORE??

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HYPASS33
Frequent Contributor

WHICH WOULD INCREASE YOUR SCORE MORE??

Which of these would increase your score and look better to lenders pulling your report as well:

On report now:  1 Paid CO

                             5 Paid CA

 

Would getting the Paid CO deleted increase your score more or getting the 5 paid CA deleted?

 

On average by how much on each scenario??

Message 1 of 6
5 REPLIES 5
guiness56
Epic Contributor

Re: WHICH WOULD INCREASE YOUR SCORE MORE??

Getting the 5 CA deleted would have the better impact.  It is hard to say how much.  There are too many factors in scoring to determine that.  But, the newer the collection the bigger impact on your score.

Message 2 of 6
HYPASS33
Frequent Contributor

Re: WHICH WOULD INCREASE YOUR SCORE MORE??

Its got to look better to lenders any way I believe/ I know if i was a lender I would look more favorable towards 1 CO paid than 5 CO Paid. 1 mistake VS 5..

Message 3 of 6
AndySoCal
Valued Contributor

Re: WHICH WOULD INCREASE YOUR SCORE MORE??

Getting the most recent derogatory information removed would help the score

FICO Scores XPN v8 802 V2 831 (SDFCU) TUC 803 v8 EFX 807 (10/2023)
Discover 09/90 19,000, JCPenney 10/2008 4,700 US Bank Cash+ 12,000 Citibank Custom Cash 5/2015 11,100 C State Dept. FCU 15,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 Banking: Ally Bank Credit Unions: Lafayette FCU Quorum FCU State Department FCU State Department FCU Pelican State CU Redstone FCU

Message 4 of 6
Booner72
Senior Contributor

Re: WHICH WOULD INCREASE YOUR SCORE MORE??

I had over 14 collections and saw improvement only when the most recent was removed, and then when the last was removed. When I got my lates on an auto removed, I saw 53 points, the biggest jump ever. You will have to get all five removed, i think, to see anything, and it still won't be that great bc you still have the charge off. Good Luck.
STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 5 of 6
dddewdrop
Valued Contributor

Re: WHICH WOULD INCREASE YOUR SCORE MORE??

   I would say the answer to that depends a lot on the dates involved. Effects of things on your report vary a lot by date. 4 years is a big inflection point as is 6 months, or 2 years... As someone else said, the most recent things count the most.

Message 6 of 6
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