@Anonymous wrote:
Just recently got a medical collection paid and removed from my TU report. Before the collection was removed my TU was 605, afterwards it jumped to 677. I am pleasantly surprised, but also perturbed that a teeny weeny $76 emergency room bill that I was never informed or contacted about could cause such havoc to one's scores. Now if I could get my EQ score headed in the same direction as TU I'd be a happy camper.
As has been mentioned on here before, it's not the size of the delinquency that hurts, it's the fact that it was delinquent. Remember that FICO is designed to assess the likelyhood that you will pay your debts on time, irrespective of the size of the debt. A jump of that magnitude usually only happens when a final delinquency or collection account comes off the report, or if other changes happened simultaneously with the collection being removed, like a large drop in utilization.
For the other posters, any change in your score by a certain event, such as a collection falling off your reports, happens the instant the event occurs. You may not get an immediate alert from SW or a similar product, but your score change occurs when the event occurs, good or bad.
Starting Score: 615
