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How long before Credit scores see a change for a big payoff

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loudizzle
Established Member

How long before Credit scores see a change for a big payoff

Hello,
 
Just paid off a state tax lein which was deleted and a large collection that was deleted. They were both from transunion( first to repley back ) About how long before my scores for them will change? I do have active credit and have been on top of things, so it has been coming up. I am hoping this might be a big jump.  
 
Love this site and the help, thanks in advance.
 
lou
 
 
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: How long before Credit scores see a change for a big payoff

As soon as they are deleted...you should be able to see if you scores changed...
Message 2 of 6
Anonymous
Not applicable

Re: How long before Credit scores see a change for a big payoff



loudizzle wrote:
Hello,
 
Just paid off a state tax lein which was deleted and a large collection that was deleted. They were both from transunion( first to repley back ) About how long before my scores for them will change? I do have active credit and have been on top of things, so it has been coming up. I am hoping this might be a big jump.  
 
Love this site and the help, thanks in advance.
 
lou
 
 


Was it your only PR or collection?
 
Sometimes when you have collections and PR removed and still have some remaining, you will see very little if any score change.
 
Also, if they are your only bad accounts, then you might experience rebucketing. This could offset some of your score increase you would receive.
 
Type "rebucketing" or "buckets" in the search box above and you can find more information.
 

 
Message 3 of 6
Anonymous
Not applicable

Re: How long before Credit scores see a change for a big payoff

Yeah...I was hit hard...my fathers judgment...and bankruptcy was placed on my reports...since I am a junior...ad when the judgment was removed I only got +8 pts...I was MAD!!!...I know it hit my score harder then that...
Message 4 of 6
Anonymous
Not applicable

Re: How long before Credit scores see a change for a big payoff



slyhouse08 wrote:
Yeah...I was hit hard...my fathers judgment...and bankruptcy was placed on my reports...since I am a junior...ad when the judgment was removed I only got +8 pts...I was MAD!!!...I know it hit my score harder then that...

If it caused you to be rebucketed when it was reported on your report, it may not have hit you harder.
 
Only way to really know how much damage it done was if you were monitoring scores closely when it hit your report.
Message 5 of 6
Anonymous
Not applicable

Re: How long before Credit scores see a change for a big payoff

No..I started monitoring after this incident...so I don't know how much it affected my score...when it was placed...back in October...it was removed in February...
Message 6 of 6
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