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Curious...How many points should I expect when collection is deleted?

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MidnightVoice
Super Contributor

Re: Curious...How many points should I expect when collection is deleted?

I had one baddie on my report - a 7 year old collection (score about 690).  When it dropped off, giving me a totally clean report, the average increase was 52 points

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 11 of 14
rachreeves85
New Member

Re: Curious...How many points should I expect when collection is deleted?

On July 15 I bought the equifax FICO (683) score and the 10 day credit monitoring trial.  That night I browsed the forums and read about the goodwill letter tactic to get rid of negative info.  I had 1 collection from 2009 and a 4 out of 9 credit cards reporting at least 30 days late from 2009.  I sent goodwill letters to all of them.  Today (7/22) I got an email alert: 

Score Watch® alert July 21, 2013
View details of other recent alerts:
  7/21/2013 
Alert:Your FICO® score has exceeded your target score of 700

Score Watch alert/Changes to your FICO® Score

Your FICO® score has gone up to 729 on July 21, 2013.
 
Target score alert:Your FICO® score has exceeded your target score of 700.
 
Your FICO score may have gone up because the following 2 factors are not hurting your FICO score as much as before:

  • You have a public record or collection on your credit report.
  • You have a short credit history.

My score went from 683 to 729 with only the collection off my accounts so far...46 pts...in 1 week!

Message 12 of 14
1LNurse
Established Member

Re: Curious...How many points should I expect when collection is deleted?

Wow this is encouraging news guys!

I'm still playing the waiting game. No word yet from myfico on a change in my score or my loan officer.

I'm hoping to hear something today..closing is 2 weeks away!! *fingers crossed**Smiley Sad

Message 13 of 14
emmanuel67
Member

Re: Curious...How many points should I expect when collection is deleted?

Did u send the letters to the credit bureau or physical address?
Message 14 of 14
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