topic Re: baddies falling off in Understanding FICO® Scoring

baddies falling off

Anonymous — Sat, 09 Jul 2011 15:43:41 GMT

i filed bk 3 yrs ago. i just printed off my reports at annualcreditreport.com and it tells me when the baddies will fall off. does anyone know how that works with a bk. when they fall off will that help my score or not til the bk falls off since there included in the bk?

Re: baddies falling off

llecs — Sat, 09 Jul 2011 22:48:35 GMT

@Anonymous wrote:
i filed bk 3 yrs ago. i just printed off my reports at annualcreditreport.com and it tells me when the baddies will fall off. does anyone know how that works with a bk. when they fall off will that help my score or not til the bk falls off since there included in the bk?

It's my understanding that a TL reporting IIB is dinging your score. As they fall off, you could stand to see a gain, however, at the same time, you are losing your length of history if these IIB accounts are among your oldest reporting. The net result could be a loss, but it all depends on your overall credit. It's aYMMV thing.

Re: baddies falling off

Anonymous — Sun, 10 Jul 2011 00:18:22 GMT

llecs, thanks for your reply. im not familiar with the abbreviations if you could help me out in what they mean id appreciate it. TL, llb and YMMV.

Re: baddies falling off

MarineVietVet — Sun, 10 Jul 2011 00:19:39 GMT

@Anonymous wrote:
llecs, thanks for your reply. im not familiar with the abbreviations if you could help me out in what they mean id appreciate it. TL, llb and YMMV.

Here is a list of Abbreviations.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: baddies falling off

Anonymous — Sun, 10 Jul 2011 00:22:52 GMT

thanks vet