Established Contributor
awdsmama
Posts: 755
Registered: ‎01-20-2012
FINALLY over 600 and a paid collections question ;-)

Just got a FICO alert – my fico is now above 600!!  Okay it’s only 601 but I don’t care.  To my knowledge it’s never been above 600….maybe when I first got credit but never checked LOL

 

So my question is this.....that was a 14 point jump.

 

To my knowledge nothing was supposed to drop off my reports last month for an update this month.

 

HOWEVER, I paid 2 collections (valid, mine, local CAs etc) on November 2nd that totalled a little over $800.

 

I have seen it said time and time again paying a collection will not increase a Fico score.  But honestly that is the only change I can imagine having impacted my score...??

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Valued Contributor
Epcot
Posts: 2,777
Registered: ‎10-10-2012
Re: FINALLY over 600 and a paid collections question ;-)
Not sure what caused the increase in score, but congrats!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
App free since 4/11/13
Moderator
Shogun
Posts: 12,859
Registered: ‎04-15-2011
Re: FINALLY over 600 and a paid collections question ;-)

Do you have any positive accounts that have aged?  Also negatives diminish their affect over time.  Could be one of those 2.  But anyway, congrats!


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
TrishN
Posts: 505
Registered: ‎11-05-2012
Re: FINALLY over 600 and a paid collections question ;-)

Scores improve bc CO reporting as open account.and when you paid balance doand then your score gonna go up!

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Regular Contributor
Tay09
Posts: 116
Registered: ‎09-02-2012
Re: FINALLY over 600 and a paid collections question ;-)

Congrats on your score increase!!

Established Contributor
awdsmama
Posts: 755
Registered: ‎01-20-2012
Re: FINALLY over 600 and a paid collections question ;-)

Shogun wrote:

Do you have any positive accounts that have aged?  Also negatives diminish their affect over time.  Could be one of those 2.  But anyway, congrats!


Maybe I had some old 30/60/90 day lates drop off? 

 

Other than that, could be aging of student loans or aging of negative accounts as well I guess....I don't have open current revolving/installment lines except student loans that are in deferrment.     Waiting for score to go up a little bit more then will app for a GE card or two to start rebuilding :-) 

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
Re: FINALLY over 600 and a paid collections question ;-)

Congrats

Frequent Contributor
scarrollprint
Posts: 382
Registered: ‎06-26-2012
Re: FINALLY over 600 and a paid collections question ;-)

I'm betting its a combination of the age of accounts increased to another milestone and that maybe a late or two dropped off.

 

Also did you actually check your reports? Some CA (very few, but some) do delete once you pay - even without asking....maybe one of them deleted once you paid....



Current: Eq- 624 Ex - 631 (lender pulled) TU - 661 (lender pulled)
Goal 700+ across all three
Moderator
Shogun
Posts: 12,859
Registered: ‎04-15-2011
Re: FINALLY over 600 and a paid collections question ;-)

Also if it was factoring into util it might have made a change.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
awdsmama
Posts: 755
Registered: ‎01-20-2012
Re: FINALLY over 600 and a paid collections question ;-)

scarrollprint wrote:

I'm betting its a combination of the age of accounts increased to another milestone and that maybe a late or two dropped off.

 

Also did you actually check your reports? Some CA (very few, but some) do delete once you pay - even without asking....maybe one of them deleted once you paid....


I wish.  I asked them upfront about PFD and they said they do not do them.

 

 

 

 

ANNNNNND on another great note, I pulled TU on here and it's at 613 yay me!

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013