Do score impacts every take awhile to register?

Anonymous · ‎01-14-2009

I've been checking every day for my CA Unpaid Collection to fall off and I checked this am 24 hours after last check (when it was on) and it fell off finally. It is not only the last baddie which generally means a good bump, but also accounting for a good 10% of my utilized debt w/o any line so probably gained me 3% or so in utilization. Together I'd have expected easily 20 points if not closer to 60 (based on how I've experienced and noticed last baddies dropping off).

However the bump was only 7 points which makes no sense to me. Is it possible the point bump lags behind the drop-off?

Message Edited by nyccc2 on 01-14-2009 08:55 PM

llecs · ‎01-15-2009

Is this based on your FICO score, or FAKO?

Anonymous · ‎01-15-2009

@llecs wrote:
Is this based on your FICO score, or FAKO?

Always FICO. I actually had my annual Fico update on 1/13 and the CA was still there, 689. I came back to MyFico and pulled TU Fico again the very next day manually the moment I found it gone on TrueCredit and that is when I was surprised to find the score up only 7 points. Heck I'd expect that for losing $2k Util on a $0k 'line'. But for a last baddie?

llecs · ‎01-15-2009

nyccc2 wrote:
Always FICO. I actually had my annual Fico update on 1/13 and the CA was still there, 689. I came back to MyFico and pulled TU Fico again the very next day manually the moment I found it gone on TrueCredit and that is when I was surprised to find the score up only 7 points. Heck I'd expect that for losing $2k Util on a $0k 'line'. But for a last baddie?

I'll throw out two possibilities:

1) You were pushed into a new bucket. Any gain from the CA's demise would have been offset by a loss from the bucket change.

2) TU doesn't mind CAs as much. Up until recently, I was CA and baddie free (other than an old redeemed repo), until one CA appeared last month. EX dropped 103 points and TU, I think, dropped 40-50 pts. Now this CA is reporting a DOLA of 1/2009 (actually was from 2004) and added a 120 day late this month (or last), so the score took a real beating. Your CA is much older and damage may not be as much in relation to my 40-50 pts being absent other baddies.