Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
fmartenies2

2 Contributions
0 People Helped
Effect of a Public Record Dropping Off?
I have a public record (judgement for consumer credit) 6 1/2 years ago that I promptly made the required payments per the judgement and it was paid in full w/in 6 months. This June will mark 7 years since the judgmenet so I am assuming it will drop off. The Score Simulator only give an option for adding a public record, not dropping one...does anyone know what the effect would be?

To put things in better context, I currently have a 691 credit score, close to $10k open cards with a $0 balance, 2 late payments on record and over 99% on time, 1 car loan w/$10k balance, 1 car loan w/$2k balance, and a student loan w/$27k balance.

I don't game or micromanage my credit score on a daily basis, so I don't really care about the effects of carrying a small credit card balance, etc. I'm just curious what the lift would be from this judgement dropping off.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
0 People Helped

in close to the same boat

I would really like this question answered if possible I came here looking for that answer . How can something that so dramically decreases score not have an option to remove in the simulator of this site ?

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.