credit report only
credit report only
I had the only credit collection removed from my credit report..what is the effect on my FICO score?
I have only had one collection and it was removed from my credit report. I have 13 other accounts in good standing. My credit history is about 2 years because I am young. I don’t have any high balances except for my car…9,500 out of the 13,500 originally. What will be the impact on my credit score with the removal of this collection alone? Thanks!
Hi everyone! I know that my credit score will go up because of this but I need to know how much, the actual amount or an educated guess! Thank you!
Keep in mind that 35% of your score is payment history, and if that was the only acacount that was problematic, then that should help your score. Also, 30% of your score is based on the outstanding debt that you have, so if that’s removed, then that should give you a boost as well.
