Re: Yeah...yet another example of how trying to increase FICO...
11-07-2012 04:51 PM
I thought they made revisions to the FICO scoring model so you will not be penalized for paying a collection or charge off account.
Can anyone confirm this.
I am not sure about any revisions to the FICO numerology model.....What I do know is in my case I had a charege-off unpaid account reporting late each month for the last three years....Thus the recent activity was current. I decided to pay this small debt off. Now we will see if this has any effect on my score, for the better. I really hope it does.