topic Re: FICO Score Impact when Judgment falls off in Rebuilding Your Credit

FICO Score Impact when Judgment falls off

Anonymous — Fri, 17 Oct 2014 17:59:13 GMT

I have a judgment from 2008 due to a Discover Card. I paid the judgment in 2012 and it has been marked as a "Paid Judgment" since then. The judgment is set to fall off my CRs in February, 2015 and I am curious if anyone knows what kind of jump in score I can expect to see? Just as a side note I have a mortgage short sale with Wells Fargo that is set to fall off in April, 2015. We are looking to build a house next summer and are waiting until we can make some more progress with the CRs. Both my wife and I have scores ranging from 660s-690s. Any thoughts on what kind of bump I can expect?

Re: FICO Score Impact when Judgment falls off

Anonymous — Fri, 17 Oct 2014 18:07:17 GMT

Even though it really depends on what else is on you report I think you should at least 40 points and up to 80.
But nobody can predict because Fico is complicated scoring model

Re: FICO Score Impact when Judgment falls off

Anonymous — Fri, 17 Oct 2014 18:14:27 GMT

A couple of small collection accounts that are over 4 years old as well. Just hoping to get to 720 for better mortgage rates.

Re: FICO Score Impact when Judgment falls off

bxfinestcocoa — Sat, 18 Oct 2014 15:27:31 GMT

I actually got one deleted off of my credit report and I had a 40 point jump on my credit reports. I also have 2 charge offs due to fall of next year and a collection.

Re: FICO Score Impact when Judgment falls off

nikkiheaven — Sun, 19 Oct 2014 03:02:27 GMT

Who knows! I had a tax lien removed from mine, and received no jump.