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60 point increase in 5 days...

Regular Contributor

60 point increase in 5 days...

I just checked my fico eq and boy was I amazed.   In the past week I have had two creditors agree to delete a  collections and a negative tradeline and a creditor agreed to remove late payments from 2009 yesterday. Would all that affect my score that quickly?

From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Message 1 of 12
11 REPLIES
Valued Contributor

Re: 60 point increase in 5 days...


Azumi1 wrote:

I just checked my fico eq and boy was I amazed.   In the past week I have had two creditors agree to delete a  collections and a negative tradeline and a creditor agreed to remove late payments from 2009 yesterday. Would all that affect my score that quickly?


FICO shows a snapshot. So, if all things are equal with everything else, this point increase was caused by those actions. If something else is different, like util, then it isn't so easy to say what caused the points. I'll take em if you don't want em Smiley Wink

 

You could have a 550 and go to a 800 in one day if you report reflected changes that would support that.

 

Good work!

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Message 2 of 12
Regular Contributor

Re: 60 point increase in 5 days...

LOL, I still have nothing on you Scott Smiley Happy

 

 

Denitra

From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Message 3 of 12
Moderator Emeritus

Re: 60 point increase in 5 days...

+ 1  Your CR only looks at what is currently showing on it.  If you have a score of 500 with  8 baddies and then they are all removed, you could jump immediately to over 700.  It all just depends on what is bad and what is good.

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 4 of 12
Valued Contributor

Re: 60 point increase in 5 days...

Is those charge off with 4 5 years still impact your credit much ? I have two occur in MArch 2008 left unpaid and turn to collection with $ 0 .....? any ideas ?


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 5 of 12
Regular Contributor

Re: 60 point increase in 5 days...

Depends on what you want to do? Do you gave the funds to attempt a PFD?
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Message 6 of 12
Regular Contributor

Re: 60 point increase in 5 days...

Have you heard from the collection agency?Have you sent them a DV. Or just keep your head down, and let it drop off your CR.
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Message 7 of 12
Highlighted
Established Member

Re: 60 point increase in 5 days...

Wow that's amazing. It took me over a month to see changes in my score!

Message 8 of 12
Valued Contributor

Re: 60 point increase in 5 days...


Pickle027 wrote:

Wow that's amazing. It took me over a month to see changes in my score!


Changes happen when informaiton changes.

 

That is soley up to the furnisher of the information ... a change in UTIL for example won't be shown until your credit card reports. 

 

Deletions can happen immediately, sometimes could take 45 days. It is up to who provides the information.

 

Scoring adjustments are one of the prime examples of YMMV.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Message 9 of 12
Valued Contributor

Re: 60 point increase in 5 days...

i never paid anything but its in the dispute process right now. Hope would get it off my report soon


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 10 of 12