Collection Charge Off Removed- how many points?

Date: Fri, 07/28/2006 - 22:05

Submitted by bigtimebrian
on Fri, 07/28/2006 - 22:05

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Total Replies: 4

I just realized jimmy buffett wants to know the same thing(I must be wasting away again in Margaritaville) but does anyone know if you have a charge off acct. removed from yuor report about how many points should your score go up. I had a $24 charge off collection acct. error that is being removed. I heard it coudl be up to 30-40 points. Does anyoen know if that is true???

sorry about he typo's, it is just the tequila talking...

lrhall41

Submitted by bigtimebrian on Fri, 07/28/2006 - 22:07

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Brian--It's possible. It's hard to give an exact number though,

Brian--It's possible. It's hard to give an exact number though, because your score depends on soooo many different factors.

From my experience though--I just had some medical collections accounts removed, and my score went up about 10 points. They weren't charge offs though.

lrhall41

Submitted by Jessi on Sat, 07/29/2006 - 05:01

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Credit scores are calculated by software used by the credit bure

Credit scores are calculated by software used by the credit bureaus. They enter all the information about your credit and the system gives out a three digit credit score. There is no manual interference in it. You will see some increase in your credit scores after this charged off account is removed from your file.

lrhall41

Submitted by BuildingWealth on Mon, 07/31/2006 - 12:59

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charge offs

i have 2 charge off coming in september... about how many points will each charge off differ in.. how much can i expect my score to raise

lrhall41

Submitted by anonymous on Tue, 04/28/2009 - 18:26

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