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I have 2 collections with PRA and I know their new policy. If I pay one off and then it gets deleted , will I see a score boost ? Or not until the second is gone ?
@800goal800 wrote:I have 2 collections with PRA and I know their new policy. If I pay one off and then it gets deleted , will I see a score boost ? Or not until the second is gone ?
It depends on if you have other negatives. I saw a score boost when I paid one and still haven’t paid the other yet but when another collection was removed I didn’t get any type of score boost.
I have plenty of other negatives...
@800goal800 wrote:I have plenty of other negatives...
So did I originally i had about 17 negative accounts but I still saw a little boost but maybe because mine was only 8 months old.
Any medical collection with a balance with a $100 balance or less on Fico 9 the medical collection will be ignored.Any other Fico models the balance will have no effect on your credit score the balance is considered into utilization only credit accounts are.The best way to receive the most credit score points for payment history is to have a derogatory free cr.If you have many derogatories especially serious derogatories and one derogatory is deleted from your cr you might gain a small amount of credit score points.GOOD LUCK...
The higher your Fico score the more impactful the credit score will drop with a new negative posting.If you have an 800 credit score and a collection is posted on your cr your credit score will drop 100-150 credit score points.Then next , month you have a 30 days late your score will drop about 50 credit score points,Any new recent derogatories posted on your cr will not lower a whole lot but then again that depends on how old/recent the pesent on your cr derigatories or serious derogs are.Even if you have a new serious derog posted on your cr and it does not lower your credit score it will continue to hold down your Fico score.This is a estimate no single event has an independent credit score value but this how I believe this is how it works..
Thanks. I was inquiring that I have 2 collections and one will be removed.