Valued Member
Posts: 68
Registered: ‎09-10-2012
Re: Yeah...yet another example of how trying to increase FICO...

sjt wrote:

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. 

You can wrap me in your flag, make me say a praise to your creator and make me spend your currency, but remember this, I am a loyal servant to Justice and a Patriot to none. I am free...