Reply
Valued Member
Shayenorwood
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
bettercreditguy1
Posts: 758
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
Community Leader
Valued Contributor
HoldingOntoHope
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
Shogun
Posts: 12,952
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!
Moderator Emeritus
llecs
Posts: 32,881
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.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+