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Valued Member
reneern
Posts: 32
Registered: ‎01-04-2012
0

Exquifax score went up 11 points

I am so excited but confused as well. I paid a medical bill  $111.00 that was with a CA; the account is 5 months. I paid it and did not expect my score to be effected but it jumped up to 11 points. Is the norm? I am new to the community and have been reading that if your account is at a CA and there is a balance;  paying  it would not effect your score. I am so excited, I plan to pay the other medical bill under that CA. But I plan to send them a PFD letter and a goodwill to remove the one with a $.0 balance.


Starting Score: EQ 551 TU 537 1/4/2012
Current Score: EQ 637 TU 652 2/23/12
Goal Score: 850


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Established Contributor
2NE1
Posts: 999
Registered: ‎12-06-2011
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Re: Exquifax score went up 11 points

 

I believe if the collection accounts are "new/recent" (like yours 5 months old) then yes, it would have a score impact if it was affecting your %util (which in your case it looks like it was). If the collections are years old, then it wouldn't make a score difference paying them.


Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620
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Moderator Emeritus
fused
Posts: 16,360
Registered: ‎03-12-2007
0

Re: Exquifax score went up 11 points

Collections and public records are not factored in FICO util calculations. Charge-offs are a different story, tho.

Credit Profile -
FICO 08 Scores (08-22-2014): EQ 820, EX 817, TU 815
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Established Contributor
2NE1
Posts: 999
Registered: ‎12-06-2011
0

Re: Exquifax score went up 11 points


fused wrote:

Collections and public records are not factored in FICO util calculations. Charge-offs are a different story, tho.


Oh... OK, someone on here did mentioned that if a collection was part of the %util, then it made a score difference... :smileyindifferent:


Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620
Take the FICO Fitness Challenge! | Diamond Spade Garden Club Member: App free since 7/2012
Senior Contributor
Booner72
Posts: 3,889
Registered: ‎05-24-2011
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Re: Exquifax score went up 11 points


2NE1 wrote:

fused wrote:

Collections and public records are not factored in FICO util calculations. Charge-offs are a different story, tho.


Oh... OK, someone on here did mentioned that if a collection was part of the %util, then it made a score difference... :smileyindifferent:


If it was a credit card or other revolving line of credit that wasn't paid in collections or charged off then yes it would make a difference to pay it and get current and get it out of the utility calculation.

 

Other kinds of collections being paid would not make a difference.

 

The OP needs to say what kind of a collection was paid and also IMO should puruse the reports carefully for other reasons the score could have gone up.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Valued Member
reneern
Posts: 32
Registered: ‎01-04-2012
0

Re: Exquifax score went up 11 points

Thanks for your comments guys! I just received an email alert from TU. the email explains that my dispute that I placed 4 days ago on a public record has been deleted from my report. So is this what's helping my score in combination with the 0 balance on CA account?

Starting Score: EQ 551 TU 537 1/4/2012
Current Score: EQ 637 TU 652 2/23/12
Goal Score: 850


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Valued Member
reneern
Posts: 32
Registered: ‎01-04-2012
0

Re: Exquifax score went up 11 points

oh! Forgot to mention that the TU score went down 5 points weird. How does one go up 11 points and the Prather go down?

Starting Score: EQ 551 TU 537 1/4/2012
Current Score: EQ 637 TU 652 2/23/12
Goal Score: 850


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