1. Saturday, July 9, 2011 - 2:07 PM
I can give a real life example of this.
My Credit Karma score was 744 in May 08. At that time and for the next several months,
When I paid off my only large debt, a 0% credit card balance, my score improved to 765-770.
The 5 points may have been from something else.
So my score increased from 21-26 points by paying off somewhere in the $25k range, my only debt at the time.
(Other than small monthly credit card charges)
Later my score settled in at 769 for the next 16 months when a federal tax lien knocked it down to 681.
6 months later the tax lien was "released" but my score only improved to 692.
Just today, I got my tax lien "withdrawl" from the IRS, which, Im hoping will bring my score up to where it was...769.
I did not ask the IRS to send copies to the credit bureaus though so Im not sure if I should just send that info to them or wait a month to see if they get it on their own from my county probate where the lien was filled and subsequently withdrawn.
As for my FICO score, I have no idea. Never paid and never will pay.
Oh, and I just signed up for Credit Sesame. I think my score on it is 702.
They only update once a month, whereas CK you can manully do it every day if you want.
My Credit Karma score was 744 in May 08. At that time and for the next several months,
When I paid off my only large debt, a 0% credit card balance, my score improved to 765-770.
The 5 points may have been from something else.
So my score increased from 21-26 points by paying off somewhere in the $25k range, my only debt at the time.
(Other than small monthly credit card charges)
Later my score settled in at 769 for the next 16 months when a federal tax lien knocked it down to 681.
6 months later the tax lien was "released" but my score only improved to 692.
Just today, I got my tax lien "withdrawl" from the IRS, which, Im hoping will bring my score up to where it was...769.
I did not ask the IRS to send copies to the credit bureaus though so Im not sure if I should just send that info to them or wait a month to see if they get it on their own from my county probate where the lien was filled and subsequently withdrawn.
As for my FICO score, I have no idea. Never paid and never will pay.
Oh, and I just signed up for Credit Sesame. I think my score on it is 702.
They only update once a month, whereas CK you can manully do it every day if you want.
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