Rapid ReScore Increase Credit Scores
How Many Points Will Rapid Rescore Increase My Credit Scores?
How much a rapid rescore will increase your credit score depends on the information that is being updated through the rapid rescore. Specific changes will have a different impact on each individual because each individual has a different credit report. However, I will generalize for you. Just keep in mind, these changes will have a different impact for everyone.
Perhaps the most common rapid rescore that we process is to update the balances on your revolving accounts. The balances on your revolving accounts have a huge impact on the credit score.
7-20 points Reducing a revolving balance below 50% of limit if you have several open accounts
10-25 points Reducing a revolving balance below 50% of limit if you have few open accounts (2 or less)
15-35 points Correcting a Past Due Balance if you have several open and active accounts
20-40 points Correcting a Past Due Balance if you have few open and active accounts
15-35 points Correcting a Upside Down Balance if you have several open and active accounts
20-40 points Correcting a Upside Down Balance if you have few open and active accounts
Another common rapid rescore involves the deletion of a derogatory mark on your credit report. If you have a letter from the creditor stating that a certain derogatory mark should be removed from your credit report, we can process a rapid rescore.
40-60 points For the Deletion of a recent late payment
60-80 points For the Deletion of a recent 30 day Mortgage Late
60-80 points For the Deletion of a recent 90 day Mortgage Late
50-70 points For the Deletion of a recent Short Sale/Deed-in-lieu/Settlement (no deficiency)
105-85 points For the Deletion of a Short Sale (with deficiency balance)
105-85 points For the Deletion of a Foreclosure
150-130 points For the Deletion of a Bankruptcy
Other related articles about Rapid ReScoring:
Rapid Rescore Increase Credit Scores