Does your credit score go up after a charge is deleted b/c its been 7 years?

Question

I have bad credit, and Im trying to clean it up. On one of my reports its shows a specific date that the charge will be removed from my report, paid or not. I know there is a 7 year window for when things are taken off your report. Does your credit score go up if its removed from your report after the 7 years despite not having been paid?

Answer 1

It would depend on your credit report. If you have quite a few accounts that have long histories on them you probably either won't see a change or you may see a rise in your score.

If you don't have many accounts or much history, you may see a drop for a little while but it should rebound fairly fast.

One reason that you might see a drop is because even though you would be losing a negative, you would also be losing history.

Answer 2

SCH, you don't have any idea either! Don't pay this off now. Doing so will actually do more damage. The older an unpaid debt is, the less impact it has on your credit. If you pay it off now, the activity will become current and your score will drop. Unless you can get the collection agency to agree to a "Pay for Delete" (get it in writing), then I would do nothing. It will drop off your report in 2 years anyway. And don't believe SCH, once it's beyond the 7yr. reporting period, it CANNOT be put back on your credit report; regardless that the debt has been resold to another collection agency. Also talking to the CA, cannot reset the 7yr reporting period. However, it may restart the SOL for collecting the debt. You could negotiate a settlement but unless they also agree to a 'pay for delete', don't bother with them.