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Frequent Contributor
Posts: 358
Registered: ‎04-08-2013
0

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??

Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

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.

Frequent Contributor
Posts: 358
Registered: ‎04-08-2013
0

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..

Valued Contributor
Posts: 1,993
Registered: ‎04-07-2009
0

Re: WHICH WOULD INCREASE YOUR SCORE MORE??

Getting the most recent derogatory information removed would help the score

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
0

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
Valued Contributor
Posts: 1,084
Registered: ‎02-06-2013
0

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.

259/21001600/16002400/25002000/2000,2013 Scores (Initially none cause I had no credit at all then TU:519 Recent scores:FICO EX 632,EQ 635,TU 659....Link to my Rebuild Log

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