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Home » Frequently Asked Questions

Here is where you should find answers to common questions.

Frequently Asked Questions » Credit
Q. Can the deletion of a derogatory item actually reduce a credit score?

A.

Wow!! Thank you for this great question...  

YES!!!!

The deletion of a derogatory item can reduce a credit score. Remember- the 5 main items that encompass a credit score

35% Payment History

30% Utilization

15% Average age of accounts

10% Mix/Variety of Credit

10% Inquiries

If an account that "had" some derogatory information associated with it also had a lengthy history, then your "NEW" average age of accounts will be significantly less... 

With the new average age calculation, your credit score can actually significantly decrease!!

Don't become an ineffective computer... Analyze each situation independently and react accordingly.


:created by MakeItAndKeepIt1 and last updated by MakeItAndKeepIt1 on 2009-03-19 13:36:13 - viewed 368 times

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