Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification
In terms of your credit report, expect your score to improve after 6 in typical situations,
however if the delinquency is removed from all three credit reports, your score will improve after 3-6 weeks after the item is reported,
hi, thanks for your response. when you say increase, will the FICA go back to where it was so that I can continue my loan processing as it was before this score. The loan company said I needed 740, and I had a 748 before the $2.00 mistake
In reality it should go up to the 740 range, but knowing the credit bureaus, do not expect such a large increase after the removal of the negative item, I would expect a gradual increase, and eventually reaching that number in a few months.
Thats great.. thanks ever so much.
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