first it depends what kind of charge off it is. and your credit score is all up to which credit company your checking your credit on .. there is no real answer to that question.
A charge-off can hurt your credit score anywhere from 20-120 points.
You credit score will not improve just because any lien is deleted. You have to earn your credit points by payment history of creditors you make agreements with.
The number of points a credit score goes up after three negative accounts have been removed varies. It depends on the type of account removed and the person's score prior to the removal of the items.
Each credit reporting agency can have different rules. When I did it, I bumped up somewhere between 5-10 points, but it took a month or so for it to register.
Yes it does effect your credit score some how when u check it your score drops alittle. because i check my credit score to take a loan and it was just at the good mark for the loan. but wheni went to get thw loan they denied me because of my credit. and they took out for checkin it. The above reply is correct if you are checking your report. It is incorrect if you are asking about others checking your credit report. How often you have attempted to use credit can lower your credit score. You need to be careful of applying for credit or a mortgage over the internet. Many of these are just "lead factories" who will sell your information to numerous companies. If there are an abnormal number of requests then it is possible that your credit score will be lower. For an in depth discussion of your credit score see
A charge-off can hurt your credit score anywhere from 20-120 points.
There is no direct amount of points that your score will drop. It is all based on your previous credit rating, the timeframe of last negative mark on your credit, the amount of time since charge off, and the amount of credit you have and how its has been handled.
how many points dose foreclosure decrease your credit score
A recent late payment can drop your credit score about 60 points.
That totally depends on what your credit score is to start with.
How many points your credit score will go up after bankruptcy comes off, will depend on where it was beforehand. Your credit score may improve drastically into the 600's, or it may still be low.
== == The only time your credit score was affected was within the first two years after this time period it no longer affects your credit score, but it is alwaus a good idea to check if the account is over the statue of limitation for your your state.
5
a lot and it will hurt your credit for 7 years
While there's no definitive answer with respect to how many points your credit score may drop after a collection, a collection account is a clear indication that a loan, credit card or retail card was not repaid and payment history is one major contributing factor to your credit score. This can have a negative impact on your credit score.
You credit score will not improve just because any lien is deleted. You have to earn your credit points by payment history of creditors you make agreements with.
Depends on credit score prior to foreclosure. If your score was higher before foreclosure, it might drop 200 points or so. If it was lower before foreclosure, it might drop closer to 100 points. It varies significantly.