topic Collection account removed but no increase in credit score instead 10 points dropped in Understanding FICO® Scoring

Collection account removed but no increase in credit score instead 10 points dropped

Anonymous — Fri, 25 Aug 2017 22:22:22 GMT

I have disputed collection account with Equifax and Transunion. The dispute resulted in the following:

I have 2 collection account removed from Equifax for subarban credit and one account AFNI removed from Transunion. That is what I have seen in my credit karma report today. Insted of credit score increase I see it dropped about 11 point for transunion and 8 points for Equifax. I am wondering will my credit score increas for Transunion and Equifax since the collection account has been removed. How long do you think It will take for the credit score score to increase and by how many points.

Thank you, your help is really apprciated.

Re: Collection account removed but no increase in credit score instead 10 points dropped

arenglish — Sat, 26 Aug 2017 14:03:04 GMT

Credit Karma offers you your Vantage 3.0 scores. These scores are unreliable as they are not used by creditors. I would suggest you use Discover's creditscorecard.com or CreditCheckTotal's $1 free trail to get your FICO scores. These are the scores that really matter. Good luck!

Re: Collection account removed but no increase in credit score instead 10 points dropped

MrTom — Sat, 26 Aug 2017 17:41:01 GMT

@Anonymous wrote:
I have disputed collection account with Equifax and Transunion. The dispute resulted in the following:
I have 2 collection account removed from Equifax for subarban credit and one account AFNI removed from Transunion. That is what I have seen in my credit karma report today. Insted of credit score increase I see it dropped about 11 point for transunion and 8 points for Equifax. I am wondering will my credit score increas for Transunion and Equifax since the collection account has been removed. How long do you think It will take for the credit score score to increase and by how many points.
Thank you, your help is really apprciated.

CK uses FAKO scores. Vantage dos not react to collection accounts. If anything it goes down everytime the dog sneezes.

I had a collection deleted, and my FAKO went down and my FICO8 went up 44 points.

Discovercard gives you a free FICO8 everymonth reguardless if your a card holder or not. If your looking for a free score this is a route to take

Re: Collection account removed but no increase in credit score instead 10 points dropped

Anonymous — Sat, 26 Aug 2017 18:17:49 GMT

Thank you Mr. Tom

Re: Collection account removed but no increase in credit score instead 10 points dropped

medicgrrl — Sun, 27 Aug 2017 03:19:55 GMT

Were these your only collections.

Re: Collection account removed but no increase in credit score instead 10 points dropped

Anonymous — Sun, 27 Aug 2017 16:49:03 GMT

@medicgrrl I have one more collection account "Midwest Recovery", some hospital bill. I am going to disptue that also. But now I am worried is my Credit score will go down again, If that other account is removed.

Re: Collection account removed but no increase in credit score instead 10 points dropped

medicgrrl — Sun, 27 Aug 2017 18:03:08 GMT

Ignore your CK scores and the ups and downs with them. Your FICO scores will see the biggest increase when your last collection is removed.

Re: Collection account removed but no increase in credit score instead 10 points dropped

Anonymous — Mon, 28 Aug 2017 02:14:01 GMT

@Anonymous wrote:
@medicgrrl I have one more collection account "Midwest Recovery", some hospital bill. I am going to disptue that also. But now I am worried is my Credit score will go down again, If that other account is removed.

Your FICO scores would never go down from having your final negative item removed. On the contrary, they typically go up a significant amount.