I know this is a general board but it is also the most active. Score jumoed 20pts today but this was the only mention. No account specific info given.
What happened ? I sent out a couple GW letters and paid off all debt (3 accounts total 4k)but cannot figure what this one is. thanks
Your FICO score may have gone up because the following factor is not hurting your FICO score as much as before:
You’ve recently missed a payment or the date of your most recent payment is unknown.
Changes to your credit report
Your FICO® score went up on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:
The balances on one or more of your credit accounts decreased. In general, less debt is better for your score.
The credit limit on one or more of your credit accounts increased. Larger credit limits tend to help your FICO scores if your balances remain the same.
Negative information on your credit report, such as a bankruptcy, collection, or record of a late payment, was removed because it was more than 7 years old (or 10 years old in the case of a bankruptcy).
Negative information on your credit report is not harming your FICO score as much as before because it is now older. Past negative credit behavior, like missing payments or defaulting on loans, are offset over time by more recent history of credit responsibility.
