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6.75 yr old collection worth an average of.......................52 points

Super Contributor

6.75 yr old collection worth an average of.......................52 points

DW and I had an old collection due to drop off in March 2008.  It was on 3 reports of out combined 6, and it suddenly dropped off this month without me doing anything - I was waiting for it to drop off. 
 
Resulted in MAJOR score jumps
 
For me on EX - 49 points
 
For DW on EQ - 56
 
For DW on EX - 51
 
If I am not mistaken, that is an average of 52 points, range 49 to 56, for a collection that was due to drop off in March 2008.
 
Current scores are high 700s (EQ and TU) and mid 700s (EX, due to counting a HELOC as a CC)
 
That is a huge amount of points for a collection that old.  I am really surprised, but I have been saying it was big for some time.


Message Edited by MidnightVoice on 12-24-2007 01:07 PM
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 1 of 13
12 REPLIES
Super Contributor

Re: 6.75 yr old collection worth an average of.......................52 points

Congrats midnight. It must a xmas gift for your from CRA's.
Message 2 of 13
Moderator Emerita

Re: 6.75 yr old collection worth an average of.......................52 points



MidnightVoice wrote:
That is a huge amount of points for a collection that old. I am really surprised, but I have been saying it was big for some time.


Vindication! Smiley Wink congrats again
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 3 of 13
Established Member

Re: 6.75 yr old collection worth an average of.......................52 points

During this past year I have had a charge off from Capital One roll off of all three credit reports.  Each time it is worth roughly fifty points. 
Message 4 of 13
Established Contributor

Re: 6.75 yr old collection worth an average of.......................52 points

Nice to know I'm not alone in waiting for them to come off.
Though I doubt I'd get 50 points each or I'd be at 950 on EQ and EX Smiley Happy

Message Edited by EddieX on 12-28-2007 08:38 AM
----------------------------------------------------------------
Credit repair - the Ski Mask Way.
Message 5 of 13
Moderator Emeritus

Re: 6.75 yr old collection worth an average of.......................52 points

CONGRATS MV!!!! 
 
 I am at EQ 684 and have the only CO due to drop 3/08  it is gone from the other 2 CBs....can't wait to see new scores then.
Message 6 of 13
Super Contributor

Re: 6.75 yr old collection worth an average of.......................52 points

As this seems a popular subject today......
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 7 of 13
Moderator Emeritus

Re: 6.75 yr old collection worth an average of.......................52 points



MidnightVoice wrote:
As this seems a popular subject today......


As happy as I m for everyone getting these giant score boosts, I am still curious why my one CA dropping off has only been worth 3 points on EQ and 6 points on EX.
 
Weird.
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 8 of 13
Established Contributor

Re: 6.75 yr old collection worth an average of.......................52 points



cheddar wrote:


MidnightVoice wrote:
As this seems a popular subject today......


As happy as I m for everyone getting these giant score boosts, I am still curious why my one CA dropping off has only been worth 3 points on EQ and 6 points on EX.
 
Weird.
 


Buckets?  Smiley Surprised
Message 9 of 13
Moderator Emeritus

Re: 6.75 yr old collection worth an average of.......................52 points



Dawn wrote:


cheddar wrote:


MidnightVoice wrote:
As this seems a popular subject today......


As happy as I m for everyone getting these giant score boosts, I am still curious why my one CA dropping off has only been worth 3 points on EQ and 6 points on EX.
 
Weird.
 


Buckets?  Smiley Surprised


Ya know, I have thought the same thing.  It could be that losing the CA moved me into a new bucket, so I did get the jump, which was immediately offset by the drop due to rebucketing.  An interesting theory, and probably the most reasonable explanation.
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 10 of 13