topic How much might my score increase? in Understanding FICO® Scoring

How much might my score increase?

rkp25 — Wed, 01 Aug 2012 13:16:00 GMT

On 7/30 my TU score was 625 and I have a total of 10 medical collection accounts. 6 of those are now paid off and the collection agency has agreed to have them removed from my credit reports. Can anyone give me an idea on what type of score increase I may be able to expect?

Re: How much might my score increase?

pizzadude — Wed, 01 Aug 2012 13:28:38 GMT

@rkp25 wrote:
On 7/30 my TU score was 625 and I have a total of 10 medical collection accounts. 6 of those are now paid off and the collection agency has agreed to have them removed from my credit reports. Can anyone give me an idea on what type of score increase I may be able to expect?

I don't think you'll get a big FICO score boost ~ the other collections will still be dragging your score down unfortunately.

Re: How much might my score increase?

mschang — Wed, 01 Aug 2012 13:41:13 GMT

i had (past tense -- woop woop!) 10 or so COs and collections but saw upward movement with each removal. but i have a lot of accounts in good standing, no lates, etc and i think that may have been a factor.

your starting score is a little higher than mine was and i don't know how recent your collections were, what else you have on your report that would counterbalance baddies, etc., but i gained a lot of points as you can see in my siggy. it's a lot to me, anyway