Its very hard to be exact, but given its a new collection the impact is more! It could be around 50 points depending on rest of your credit file! Utilisation is also a big factor in your score!
You didn't post the age metrics of your credit file but a recent collection is a doozy and you aren't totally pretty on aggregate revolving.
Wouldn't surprise me if you were around 800 after cleaning up, 3 -4ish year mark on AOOA maybe not as 3 years appears to be a scorecard shift but you should get a large boost.
@jazhead077 wrote:Thanks for the replies. I know the recent collection is killing my scores! I will post the results when my file updates.
AAoA - 7 years
Oldest Account - 18 yr 6 mths.
That's fairly close to my file actually at 7 years and change AAOA but my oldest account is only 11 years. The EX scores in my signature are up to date, you may wind up non-trivially north of 800 when fully clean. Admittedly I am at 0 inquiries as well
@jazhead077 wrote:Hi all,
I have one derogatory on my file. A recent collection ($350) from 2021 that I was able to get PDF for this month. I have no other negatives on my reports. Current utilization is at 36%, however I have will have AZEO when my last statement reports next month. All three of my scores are currently in the upper 600's, AaoA is 7years total revolving credit 100k. I need to apply for a HELOC next month and was wondering what kind of increase I can expect from the collection deletion. Thanks in advance
OP - out of curiosity, what was the change in score after removal?
