Just got my 3B update on CCT and was interested to see how the removal of 2 collections from EX and 1 from EQ would impact my scores. TU was clean from collections as of last month. Seeing some interesting trends so i thought I would share for discussion.
FICO 8 Scores as of 1/22: TU 681(+3), EX 663(+28), EQ 664(+13)
Common traits across all three:
* Revolving Utilization: 5-6%, 2 accounts reporting a balance, both under 20%
* Instalment Utilization: 9% (1 auto and 1 personal loan)
* Oldest Account: 8.6 years
* 1 60 late and 1 30 day late that are 1.5 years old
* 5-6 inquires less than 1 year old.
Unique Traits:
* EQ: Unpaid Sprint collection roughly 4 years old
* EX: AAoA 2.1 years, TU/EQ 2.6 years (old paid auto loan dropped off of EX recently).
Couple of thoughts to prompt discussion:
* What I find strange is that my EQ is one point higher than EX given that it is the only account with an open collection.
* Any thoughts on if a 60 day late is roughly equivalent to a collection account?
* The CCT score simulator predicts a dramatic increase (+55pts) in score once the 60 days late ages off in 6 months.
Side note - received a letter from Bank of America last week that they are submitting a delete request to the bureaus!! I'll be able to update on the score impact of that once they drop off.