What happened?

[DMiller]

So a week or two ago I had two collections left on my credit report, both paid and my score was 634.  Today I check my credit report for transunion, after a goodwill success from both of the collections and my score dropped to 614.  So all baddies gone off TU and score drops?  Why?

[diveforfun97]

 number of things could have happened, and it is hard for us to pinpoint what it is without knowing everything in your report.  One thing could be that you were rebucketed in a different tier.  But if I had to "guess" and what it was....I think you might have affected you AAofA.  If the collections were old they might not have been affecting your score as much, but they are still counted into your AAofA.  Anyone please correct me if I am wrong.

[MarineVietVet]

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@diveforfun97 wrote:

 number of things could have happened, and it is hard for us to pinpoint what it is without knowing everything in your report.  One thing could be that you were rebucketed in a different tier.  But if I had to "guess" and what it was....I think you might have affected you AAofA.  If the collections were old they might not have been affecting your score as much, but they are still counted into your AAofA.  Anyone please correct me if I am wrong.

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Collections are not counted towards AAoA but I agree with you that it is very hard to know exactly why the score went down.

Edited cuz' I kent typ rite!!!

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[diveforfun97]

AAAHHHH the Devil Dog, got me.  Thanks for clearing up my mistake.  I try to help out here, but still don't know it all.  I would hate to give someone wrong info.  Thank for the correction!!

SEMPER FI!

[DMiller]

What do you mean by rebucketed to a different tier?  My oldest account is 8.5 years and newest is 3 months, which makes my AAoA a little over a year.

[MarineVietVet]

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@DMiller wrote:

What do you mean by rebucketed to a different tier?  My oldest account is 8.5 years and newest is 3 months, which makes my AAoA a little over a year.

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How are you calculating your AAoA? I'm not saying you did it wrong but until I came here I had no idea even what an AAoA was. 

Your AAoA is the sum of the ages of every account (except CA collections) on your report, whether open or closed, calculated in months, divided by the number of accounts and then divided by 12. I use the division by 12 to make it easier to convert into years. This is measured from the time each account was opened until present.

You’ll need to figure the age of each account, open or closed, on each report. If all three reports are identical (very unlikely), you're in luck; otherwise, you'll need to run this for each report.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[MarineVietVet]

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@diveforfun97 wrote:

AAAHHHH the Devil Dog, got me.  Thanks for clearing up my mistake.  I try to help out here, but still don't know it all.  I would hate to give someone wrong info.  Thank for the correction!!

SEMPER FI!

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If you look at my older posts (for that matter my recent posts) you'll see all kinds of edits for clarifications and corrections.   

No one can ever know it all. We just do the best we can.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".