@Anonymous wrote:Yes. I did re-check my credit score.
I talked to a mortgage loan officer who said it may take some time - up to 30 days.
Another told me if I had an active credit file with a loan officer, I could request a "rapid rescore". I'm researching that option now.
FICO scores reflect what's on the report at the time; if they're gone, they're gone.
I would ask, where did you get your scores after the entries were removed, and also, what else is in your file? If there are other derogatories still there you may not get much of an increase at all.
@Anonymous wrote:All the scores came from MyFico. It's hard to believe that I could have a $300k short sale deleted from my account and not get a bump. I expected an increase when that mistake was wiped off the report.
As stated earlier it depends what else is in the file; if you have other derogatories on it, you don't typically get much increase from any individual one being deleted (or any additional being added). Diminishing returns. If you're now a clean sheet, then yes you likely should've gotten some benefit unless they were being disputed or something else wierd.
My going from 2 tax liens to 1 hardly budged any of my scores as an example, massive albatross gone which was in all ways good for me, but FICO didn't react. Same holds for collections.
When we're talking mortgages there's only two negative buckets that people get sorted into as I understand it, and we don't know what sort of derogatories sort people into each one, but they will seriously depress your score; I likely would've been 760 easy mortgage wise without my lien / collection (doubt my lates are hurting me anymore) but instead was 720 tier... and that was a highly optimized file 720.