Credit and Rapid Rescore?
A friend of mine and I have been arguing over credit repair and rapid rescoring with his loan officer. If he has an item that is due to delete from his credit report (the 7 year mark) Will the loan officer keep that in mind to rapid his score, since it’s falling off within the next month? The bill has been paid/open 2002. He says no. I say yes, and others we’ve talked with do not know. He is meeting with his LO next week and will ask him then, but for the sake of arguing, we would like an answer before then. Thank you community!