Re: Trade Line Deleted, Good or bad?[ Edited ]
01-31-2013 12:46 AM - edited 01-31-2013 12:47 AM
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 670, Wally TU 700, EX 718 (11/29/13, EX 07/11/13)
Goal Score: 680 in all three (01/01/14)
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