@Anonymous wrote:
I had a state tax lein, paid, on my file for four years now. Happy to say it fell off every single report! I also had an old, invalid collection showing that I paid a different company for years back showing only on Experian. It too dropped off and I have a nice clean file now other than one 5 year old late payment. (One late, but real bad 120 day late)
Sadly, and really shockingly, one score stayed the same and two of them dropped. Like I was at 727 or so and now say 696. Say what?! I went from so happy seeing them having dropped off, to so sad after paying CreditCheckTotal for my new scores.
I just bought a house but the mortgage has not appeared yet, so will be interesting to watch my scores. They seem very low for my only neg being one late. Almost 20 accounts in good standing, cars loans and such and 6 active credit cards that I am showing $47 usage total on one card with 50k in credit. 5 year average age of account, so I really expect the scores to jump getting rid of my only negs. This did not go as expected, I seem to currently have a strange score for my stats. Literally no other negs at all, and losing the other negs lowered my score. Fail.
That sounds like a pretty clear case of rebucketing. It just means that your credit profile "moved" to a new, slightly nicer neighborhood where it's lower on the totem pole than it was at the old place. It'll bounce back up pretty quickly once it gets established at the new place and invites the new credit profile neighbors over for brats and beers.
(Seriously, though, that 120-late is a biggie. I had one of those - following a string of 30s and 60s - before a card was charged off. I settled with the collector, who did mark it as satisfied, but I didn't know about asking for a "pay for delete" at the time, so my score was held down by those cement shoes until it finally aged off. Each company has its own early exclusion rules, where they'll remove something before its normal age-off date. I'd start looking into that once it hits six years old.)
