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Does having negative information drop from your credit report when the time limit has ran out boost your credit score automatically?
Wiki User
2005-06-29 14:13:03
Yes. But probably not by much. The reason has to do with the
configuration of credit scoring software. Credit scores places the
most emphasis, 35%, on what has occured recently (within the last
12 mos). So, information so old that it is "dropping off" is not
causing much of a deduction anyway. However, the deduction that is
being generated would be gone once the data falls off. Even if this
is only a few points, yes, your score would recover those
points.
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