
How much should my Credit Score increase after two public record judgements are deleted?
There are two public record judgements on my fico score provided by Equifax which don't belong to me. I currently have an investigation going with them. These two judgements are ONLY on my Equifax CR, NOT Experian or TransUnion. My Experian credit score is 632 and my Transunion is 637. My Equifax which contain the two inaccurate judgements is 542. I wanted to know if this has happened to anyone and how much did their score increase after the items were removed. I have no debt, only a student loan payment of $50 a month, balance is $3300, and a macys revolving credit card of $100 limit with zero balance. I recently paid off all my debts and my score increased from 513 to 632, (Experian) in 3 weeks after paying off a closed Chase credit card acct and 1 collection acct for a cell phone bill. If my credit score went up so much by just paying off the little debt I had of about $500 then I'm curious to see how much more would it increase with two false judgements deleted? Can any one help?
Public Comments
- That is something that only the equifax will decide. I doubt they'll increase it too much to make up for their mistake. You should probably boycott the Equifax and track down where they got that incorrect information. I am really happy you've payed off your debt, that's ALWAYS a step in the right direction. :) Your credit score is based on your habits as a consumer, your character, and many other factors. It is always a good idea to pay on time, everytime, and when this can be seen as a "pattern"--your credit score increases. Keep chugging along & you'll have a good credit score in no time.
- your a geek
- If there were only one judgement, it would increase your score about 50 points - immediately. Since there are two it goes into a different scoring model so your score will probably go up to the tune of eighty points good luck!
- You should expect your score to rise 75-125 point for both judgements. These have high impacts on your credit score, and that is being conservative.
- The following 5 critical factors affect your credit score in a major way. By knowing these you can keep a check on them and make your credit score a healthy one. 1. Re-payment history This factor carries the highest weight in your credit report. How steadfast are you in repaying your loans, makes your credit report shine. Experts claim that this factor alone accounts for 35% of points in your credit score. So, if you falter on repayment front it is sure to be reflected poorly on your credit score. 2. Outstanding debt The next comes your debt burden. How much you owe is a factor that according to experts carries about 30% weight in your credit score. This is 30% is based upon outstanding debt. To get a better score it is advised that you keep your outstanding debt to a minimum. Read more about it at: http://www.credit-card-gallery.com/article/204,5_critical_factors_affecting_your_credit_score
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