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How many points will my score increase?

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Anonymous
Not applicable

How many points will my score increase?

I recently paid off a past due balance with an auto leasing company.  The debt was less than six months old.  How many points will my credit score increase by?

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1 REPLY 1
RobertEG
Legendary Contributor

Re: How many points will my score increase?

Maybe zero, if you did not secure a PFD agreement with the OC in advance.

Paying a debt does not erase the prior reporting of a delinquent debt in your CR, and that is what FICO scores, not the fact that you have paid it.

FICO is not an evaluation of your current financial status, it is an evaluation of your likehood of becoming delinquent on payment of a debt.

Becoming delinquent is what FICO primarily scores, and not your later payment of the debt.

 

 

 

 

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