Credit Cards Center Credit cards from our partners
Reply
Valued Member
Posts: 35
Registered: ‎10-08-2012
0

Collections removed, no score change???

3 medical collections from 08 were removed today from my CR but my vantage score didn't move. I don't have access to my real ficos to know if they went up or not. Any thoughts are appreciated. I know the scoring is different and vantage is Fako but I figured I would at least see an increase. Let me know if u think my real Ficos increased or not. Thanks in advance!!!
Established Contributor
Posts: 760
Registered: ‎02-11-2012
0

Re: Collections removed, no score change???

Fully share your credit reports from MY Fico and we can possibly help you to improve your position.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Valued Contributor
Posts: 1,057
Registered: ‎09-29-2009
0

Re: Collections removed, no score change???

If these are not the only negative items on your report you may not even see a large increase or much movement at all in your FICO scores. I know that most members report that when the report is fully clean of negative remarks / accounts that they see a large score increase. I have 1 report that is clean and two that have a 61/2 year old collection account and there is almost a 60 point difference in the scores.

 

Add to that the Vantage score is FAKO and uses different scoring algorithms and you can see the problem. It may simply be that Vantage was not scoring these accounts as negative due to age / small balance / or the phase of the moon in November.

Best financial advice I ever got: "Just imagine what an adult would do and do that."

Starting Score: 500's
Current Score: EQ 701 (FICO) TU 721 (FICO) EX 715 (Quizzle)
Goal Score: 760 ALL


Take the FICO Fitness Challenge

Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

Re: Collections removed, no score change???

You've been given really good advice above.  You may not see an immediate score bump, it depends what else is on your CR, but the overall health of your CR is improved by them being deleted.  Continue doing what you're doing and you'll start to see results.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Highlighted
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Collections removed, no score change???


bettercreditguy1 wrote:

Fully share your credit reports from MY Fico and we can possibly help you to improve your position.


I'm guessing by OP's post that he/she doesn't have a FICO score yet due to a lack of reporting TLs. Unfortunately myFICO won't generate a report without it.

 

OP, FAKO is as FAKO does. If my guess is right, you don't have a FICO to increase or decrease. As mentioned already, YMMV on any score change based on your credit. If you have 100 other CAs, then 3 won't make a difference. If you are now CA-free but have some recent lates, then removing these CAs wouldn't make much of a difference either. Had you had a FICO, I bet it would go up barring scenarios like these.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.