Point Gain for Deleted Collection??

[Anonymous]

I'm holding my breath on this one, but i'm hoping to have the following collection deleted:

Creditor Name: I C SYSTEM

Account No.: 423124XXXX

Original Creditor: MED1 02 DRS STAFFORD KLAVANS

Responsibility: Individual

Condition: Paid

Original Balance: $1729

Balance: $0 

Date Opened: 02/21/2003

Date Reported: 07/21/2007

I settled it for less than the full balance back in April 2007.

How many points do you think I'll gain if they take it off?

[cobra19]

Can I ask for how much less than the full balance did you settle it for?

[Anonymous]

Settled for $900 (original balance $1729)

[Anonymous]

Hi Heidi,

To be honest, the number of points will vary.   What really stinks is FICO doesn't share how it calculates its score, so it's difficult to tell how much a score will improve.

On this board, I've seen people report between a 5 - 30 point jump for deleted collections. 

I'm somewhat surprised that you didn't take a hit because of the recent activity (settling your account in April).

[Anonymous]

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JennLewis wrote:

Hi Heidi,

To be honest, the number of points will vary.   What really stinks is FICO doesn't share how it calculates its score, so it's difficult to tell how much a score will improve.

On this board, I've seen people report between a 5 - 30 point jump for deleted collections. 

I'm somewhat surprised that you didn't take a hit because of the recent activity (settling your account in April).

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Thanks Jenn.  I really didn't start tracking my score until May, so I don't know how big of a hit I took.  I do know, however, that i've jumped more than 100 points since May, thanks to the help and advice i've received on these boards.

I'm finally seeing a light at the end of the tunnel!!!