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Charge off Deletions


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If you have a TL that says "charge off / sold to another lender" with a balance of $0...your score should go up. However, if the TL also says "collection account", it will stay in the "negative items" area...which will hurt. Then...if you have another TL added for either the CA or JDB...those will hurt.

Obviously, if you can make the OC, CA, and / or JDB go away, this might be better...however, if none of them report, you might get dinged for not having enough credit.

Like I said...the calculation is NOT logical. Us poor consumers tend to think a credit score means how much money we can borrow...to the lenders, it means how likely are they to get money out of you. These are NOT the same things.

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