2007-07-04 07:52:05 · 2 answers · asked by Michael and Janette S 1 in Business & Finance ➔ Credit
It would be hard for anyone to say if it will rise/drop and by how much, since there are just to many factors that are considered
Much would depend on your current credit file.
Generally when lates are removed, that will raise your scores no matter what the rest of your credit file is like
If you have a thin file (few accounts with a short history) then you score may actually drop for a short time when the bk is removed. Even though it's a negative you would be losing history (it's crazy isn't it)
If your file has some accounts that have good history and are in good standing, you may not see much of a score move at first or you may see it rise fairly high right away.
2007-07-04 10:06:41 · answer #1 · answered by echo 7 · 0⤊ 0⤋
If the credit bureaus are removing these that will increase your score...difficult to say how much though as your score is a complex formula based on the history of your payments, amount of debt to your projected income (based on jobs that are showing on file) and other factors.
If you're getting a so called credit repair company to do this...beware. Legitimate records on your credit, bk, lates will not be removed. In fact, if your 'agency' does what many do -- disputes them hoping they will fall off, they will be reverified and actually decrease your score!
2007-07-04 14:56:50 · answer #2 · answered by businesstherapist 2 · 0⤊ 0⤋