topic FINALLY over 600 and a paid collections question ;-) in Rebuilding Your Credit

FINALLY over 600 and a paid collections question ;-)

awdsmama — Fri, 09 Nov 2012 17:01:16 GMT

Just got a FICO alert – my fico is now above 600!! Okay it’s only 601 but I don’t care. To my knowledge it’s never been above 600….maybe when I first got credit but never checked LOL

So my question is this.....that was a 14 point jump.

To my knowledge nothing was supposed to drop off my reports last month for an update this month.

HOWEVER, I paid 2 collections (valid, mine, local CAs etc) on November 2nd that totalled a little over $800.

I have seen it said time and time again paying a collection will not increase a Fico score. But honestly that is the only change I can imagine having impacted my score...??

Re: FINALLY over 600 and a paid collections question ;-)

Epcot — Fri, 09 Nov 2012 17:06:45 GMT

Not sure what caused the increase in score, but congrats!

Re: FINALLY over 600 and a paid collections question ;-)

Shogun — Fri, 09 Nov 2012 17:43:26 GMT

Do you have any positive accounts that have aged? Also negatives diminish their affect over time. Could be one of those 2. But anyway, congrats!

Re: FINALLY over 600 and a paid collections question ;-)

TrishN — Fri, 09 Nov 2012 18:49:16 GMT

Scores improve bc CO reporting as open account.and when you paid balance doand then your score gonna go up!

Re: FINALLY over 600 and a paid collections question ;-)

Tay09 — Fri, 09 Nov 2012 19:36:31 GMT

Congrats on your score increase!!

Re: FINALLY over 600 and a paid collections question ;-)

awdsmama — Mon, 12 Nov 2012 15:24:20 GMT

Shogun wrote:
Do you have any positive accounts that have aged? Also negatives diminish their affect over time. Could be one of those 2. But anyway, congrats!

Maybe I had some old 30/60/90 day lates drop off?

Other than that, could be aging of student loans or aging of negative accounts as well I guess....I don't have open current revolving/installment lines except student loans that are in deferrment. Waiting for score to go up a little bit more then will app for a GE card or two to start rebuilding :-)

Re: FINALLY over 600 and a paid collections question ;-)

Cadillac-XTS — Mon, 12 Nov 2012 15:27:09 GMT

Congrats

Re: FINALLY over 600 and a paid collections question ;-)

scarrollprint — Mon, 12 Nov 2012 19:18:05 GMT

I'm betting its a combination of the age of accounts increased to another milestone and that maybe a late or two dropped off.

Also did you actually check your reports? Some CA (very few, but some) do delete once you pay - even without asking....maybe one of them deleted once you paid....

Re: FINALLY over 600 and a paid collections question ;-)

Shogun — Mon, 12 Nov 2012 19:25:48 GMT

Also if it was factoring into util it might have made a change.

Re: FINALLY over 600 and a paid collections question ;-)

awdsmama — Mon, 12 Nov 2012 20:13:17 GMT

scarrollprint wrote:
I'm betting its a combination of the age of accounts increased to another milestone and that maybe a late or two dropped off.

Also did you actually check your reports? Some CA (very few, but some) do delete once you pay - even without asking....maybe one of them deleted once you paid....

I wish. I asked them upfront about PFD and they said they do not do them.

ANNNNNND on another great note, I pulled TU on here and it's at 613 yay me!