Probably dropped from the AAoA, or could be a rebucketing issue. Doesn't matter, it was baddies removed. This will give your score more room to grow.
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
You did do the right thing, a 10 point drop and a cleaner report. Your score will rebound and be better. What positive TLs do you have?
Starting Score: 504Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
maria_c wrote:I had two collection accounts that were on my credit report. They had a very high balance so I decided to try the PFD route. It worked. I checked my report today.. the collections were gone (HOORAAAAAY), but my score had dropped 10 points!!
How did this happen? Is it because my AAOA was reduced? How can I get my score back up?
Wow pretty nuts. As other's have asked, were the accounts in collections or did they show charged off?
The score probably dropped becasue of the AAoA unfortunately.
I hope I don't run into the same thing, I just mailed off a PFD two days ago. My account shows in collections with all three CRAs and it's about 5 years old.
Starting Score: Equifax: 529The lates are over 2 years old so they've lost most of their sting, and your BK is almost 10 years old. Overall, you're making good progress.
Starting Score: 504Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
