Posts: 9,550
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.



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 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)

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