I have two collection accounts on my Transunion credit report?
Jan, 2010 in Transunion Credit ReportThe first has an estimated date of removal of 6/2009, and the second has an estimated date of removal of 3/2009. In your experience, how accurate are those dates? And once a collection account is removed, approximately how many points did your score raise?
Wait until 4/2009 to remove 3/2009.
Collections accounts are a major part of your fico.
But the score formula is a secret – so impossible to guesstimate.
Besides the score, you will be able to get jobs easier, andyour car insurance will drop.
Those are the real, true benefits.
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The dates are very accurate – they are based on the statute of limitations. If they are the only bad things on your credit score, it will improve significantly. If there are other, more recent, late payments or uncollectible accounts, then the drop off won’t help as much.