Can anyone share their experience with how much their FICO scores changes with the removal of derogs and public records?
My experience so far has been:
One collection account removed from Experian took my score from 582 to 586 (I have a total of 5 collection accounts and 0 public records on EX)
- I have a tax lien (disputed and letter provided to CRAs) and I am awaiting that to be removed from TU and EQ - can anyone advise how their own scores responded to a tax lien being removed? The tax lien is from 4/2009
- I also have a judgement that I am waiting to be removed (this would leave me with ZERO public records once removed) and I am also wondering if someone could advise how their own scores responded to a judgement being removed. The judgement is from 1/2010
Thanks everyone!
For what it's worth, I had a federal tax (filed in 2011) lien recently removed from my Experian report, and I got a 5-point bump.
As to Robert's point, at the time I still had one collection reporting "late" (which will be deleted soon), one account in the process of being charged off (subsequently paid, which dropped my score 21 points), and at least one other old chargeoff from 2013 I believe.
Note that I went from 1 public record on experian to 0 public records, the same as what you're going to experience.
I wouldn't count on gaining much if you have other derogatory items, especially if the lien is aging.
It's still great to have them removed though -- regardless of whatever point gain you see.
It would seem like it won't be a big gain.to Robert's point with other derogs still there. Once there is only one or so left, from past posts that seems to be where the larger scores increases come.
