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Regular Contributor
Joe77
Posts: 218
Registered: ‎07-29-2007

does the "anniversary" of a public record result in a score jump?

Had a bankruptcy, filed in Oct. 05, discharged in Feb. 06.  On my EQ and TU from myfico, under public records it says "1" public record "1 year ago" although technically, it's closer to 2 years now, but still under 2.  If they're calculating on a year-to-year basis, will I see a noticeable jump in FICO once I reach the 2-year mark?  3-year mark?  Etc?
From BK to 700 FICOs in 4.5 yrs.
Valued Member
Kat
Posts: 43
Registered: ‎05-01-2007

Re: does the "anniversary" of a public record result in a score jump?

Good question!  Did you see a score increase at 1 year?
 
I have 2 state tax liens that were released Dec '06 -- I wonder if I'll get a score bump when they pass the 1 year mark.
Established Contributor
FICO_Focused
Posts: 905
Registered: ‎05-09-2007

Re: does the "anniversary" of a public record result in a score jump?



Joe77 wrote:
Had a bankruptcy, filed in Oct. 05, discharged in Feb. 06.  On my EQ and TU from myfico, under public records it says "1" public record "1 year ago" although technically, it's closer to 2 years now, but still under 2.  If they're calculating on a year-to-year basis, will I see a noticeable jump in FICO once I reach the 2-year mark?  3-year mark?  Etc?


I think UN-PAID Public Records have the same effect today as they had the day they were added to your CRs... The effect can be countered by paying them... They will then have a lesser impact and age off.
 
Rob

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