New Member
Posts: 1
Registered: ‎04-26-2007

Collections paid in full

I would like to know why Fair Issacs doesn't give credit for paying a collection in full. I owed a debt which went to collections. My credit score dropped about 100 points. Why didn't my credit score increase when I paid the debt in full?  If I'm being punished then I should be rewarded too! Thanks!
Senior Contributor
Posts: 4,596
Registered: ‎09-14-2007

Re: Collections paid in full

skykin, you might want to try what I just did. I called the Recovery Department of the cc in question.... talked to them, explained the situation, and they are removing the 'baddie' from my cr. The system works. It prolly won't get removed until you TRY to get it removed. Takes deliberate action on your part. I would think(but just an assumption on my part) the older the collection, the easier it is to have the 'baddie' taken off. I'm new here too. Best of luck to you!
"Never ever, ever be late. Never" (FUTR)

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+