Moderator Emeritus
Posts: 12,528
Registered: ‎12-30-2011
Re: Trade Line Deleted, Good or bad?
[ Edited ]

ihatemyscore wrote:

Look at it this way, baddies are gone. I rather have a thin file than have blemishes.


+1

 

Long term, which is really the only way to plan for credit scoring in my opinion, this is absolutely right.

 

Short-term, it might be a small penalty but solving a thin file issue takes a year give or take (establish accounts, let them and the inquiries age for 6-12 months); negative payment history takes a lot longer to resolve in the time domain.

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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