Credit score increased 9 pts after two public judgements were deleted! WtH...?

Question

there were two public records on my CR that did not belong to me. at the time my score was 542. i made a dispute with equifax and i was notified they were deleted. after both judgements were deleted my score went up to 551??? so it basically increased 9 points? i thought these things had huge impacts on peoples credit?...should i dispute the increase with them? could it be an error or something? please help someone. Thanks.

Answer 1

Did you have any other public records or collection items. If so, that could be the reason. You get dinged very hard for the first one and then only a little for any additional ones. If you still have one showing then you are getting hit big for it.

Also, do you have any recent 60 or 90 day late payments. If so, you won't see a substantial increase until you get those in line and pay them on time for a few months. Recent charge-offs and repo's will also keep your score low.

Keep working on it and keep paying your current bills on time and you will see an improvement. It just takes some time.

Good Luck

Answer 2

It does but it is over time. the credit score is a picture of many things combined and a nine point increase in a month is better than none. That is only one part of the big picture, are your bills being paid on time? Are your credit cards less than 30% of the maximum, if not then there are still things you need to work on.

Answer 3

When you're trying to rebuild your credit score it's important to get a comprehensive view of what is actually effecting it...

Your Credit Score is calculated with the following breakdown:
35 - Payment History
30 - Credit to Debt Ratio
15 - Credit History
10 - New Credit
10 - Credit Types in Use

If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.

I've got a lot of information on my blog about credit scores, and I get a lot of questions so feel free to check out any of my posts on millionster.com; I believe my articles here address many of your concerns but if they don't and you still have any specific questions feel free to leave a comment and I'll reply.

How Can I Increase My Credit Score
http://millionster.com/articles/debt/ask-1mil-how-can-i-increase-my-credit-score/

and

10-Ways to Boost Your MyFico Score
http://millionster.com/articles/debt/increase-fico-credit-score/

Also be sure to check out the promotional links I've listed here to help you get a better picture of your creditworthiness:

MyFico's Full Credit Report
http://millionster.com/go/myfico

Suze Orman's Credit Report Repair Kit
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30-day Trial of Credit Score Tracker with Free MyFico Score
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Answer 4

no higher the better so its ok