topic Re: Unexplained massive score increase in Understanding FICO® Scoring

Unexplained massive score increase

Anonymous — Thu, 07 Jan 2021 21:27:55 GMT

I woke up this morning to a monitoring notification and it was an unexpected 85 point rise in my equifax score. All three scores have been stalled in the low 700's for months. 3 delinquent medicals from 2013 and 2014 that are still there. Six credit cards that have been under 3% for over a year. One car loan that I just paid extra payments to bring under 30% but has only reported to TU so far. So now my equifax is at 795, TU at 700, and Experian at 703. Is this a glitch?

Re: Unexplained massive score increase

lyTENciL — Fri, 08 Jan 2021 02:19:50 GMT

Wouldn't that be your medical delinquents falling off your Equifax?

Re: Unexplained massive score increase

Anonymous — Fri, 08 Jan 2021 03:23:15 GMT

@lyTENciL wrote:
Wouldn't that be your medical delinquents falling off your Equifax?

OP stated that they are still there.

Are these 3 scores all F8? Just making sure the EQ one you are referencing isn't from EQ itself (their score).

A significant score gain such as that can usually only be had from a massive utilization paydown or when a dirty file goes clean. From the information provided it sounds like neither of those is the case. Do you have any accounts under dispute currently?

Re: Unexplained massive score increase

SouthJamaica — Fri, 08 Jan 2021 04:16:09 GMT

@Anonymous wrote:
I woke up this morning to a monitoring notification and it was an unexpected 85 point rise in my equifax score. All three scores have been stalled in the low 700's for months. 3 delinquent medicals from 2013 and 2014 that are still there. Six credit cards that have been under 3% for over a year. One car loan that I just paid extra payments to bring under 30% but has only reported to TU so far. So now my equifax is at 795, TU at 700, and Experian at 703. Is this a glitch?

I would need to know where and how you're getting the scores and the data.

Re: Unexplained massive score increase

Anonymous — Fri, 08 Jan 2021 08:14:52 GMT

These scores are f8 from myFICO credit monitoring subscription. I had a quarterly refresh ready for my credit report so I ran that and saw the delinquents were all still there. None are under dispute. My mortgage and other scores are way up as well with equifax.

Re: Unexplained massive score increase

lyTENciL — Fri, 08 Jan 2021 08:24:07 GMT

@Anonymous wrote:
These scores are f8 from myFICO credit monitoring subscription. I had a quarterly refresh ready for my credit report so I ran that and saw the delinquents were all still there. None are under dispute. My mortgage and other scores are way up as well with equifax.

Apologies as I don't have the MF subscription so this may be nonsensical, but can you get your report directly from Equifax and see if there is anything different there?

Re: Unexplained massive score increase

Anonymous — Fri, 08 Jan 2021 15:30:38 GMT

If it's a quarterly report, my guess is that quite a few things may have changed since the last one.

Re: Unexplained massive score increase

Anonymous — Fri, 08 Jan 2021 16:19:24 GMT

Ok, did some more digging this morning. It appears the medical collections have dropped off just equifax. They're still on the other two. I apologize for not catching that, I was just in shock over that kind of a jump. Now any explanation why that would happen? Thanks for all the responses.

Re: Unexplained massive score increase

lyTENciL — Fri, 08 Jan 2021 16:45:07 GMT

No worries! You were right around the 7 year mark on those collections, so it was the obvious explanation for an increase of that magnitude. I knew you would figure it out shortly.

As for why they came off one bureau and not the others, are there any differences in delinquency dates?

Re: Unexplained massive score increase

Anonymous — Fri, 08 Jan 2021 17:35:31 GMT

Items that are scheduled to fall off of reports around a certain time can come off earlier on occasion depending on bureau. Looks like EQ was just first to go. Hopefully you see similar significant gains when your EX/TU reports come clean.

Re: Unexplained massive score increase

Anonymous — Fri, 08 Jan 2021 17:46:20 GMT

Dates are the same on my report. I'm a little unclear about the timelines for this as my report is showing "date assigned" to the collection agency as 2014/2015 but the original debts were 2013/2014. Do they go off the dates of the original debts or these date assigned? It would really make my year to get those other two scores up!

Re: Unexplained massive score increase

Anonymous — Sat, 09 Jan 2021 02:55:53 GMT

Statutorily its 7.5 years from the DOFD, in actual practice it’s typically 7 years, however you can also seek early exclusion.

Re: Unexplained massive score increase

Anonymous — Sat, 09 Jan 2021 03:42:09 GMT

I've sent pay to delete offers to the collection agency that's holding those accounts but they never responded in writing so I just let it go. That was in 2019. Hopefully TU and Ex follow in the next couple months.

Re: Unexplained massive score increase

Anonymous — Sat, 09 Jan 2021 04:03:29 GMT

Get your reports from annualcreditreport.com and find out the DOFD.

Re: Unexplained massive score increase

SouthJamaica — Sat, 09 Jan 2021 12:30:07 GMT

@Anonymous wrote:
Ok, did some more digging this morning. It appears the medical collections have dropped off just equifax. They're still on the other two. I apologize for not catching that, I was just in shock over that kind of a jump. Now any explanation why that would happen? Thanks for all the responses.

"Unexplained massive score increase" ...... explained.

Re: Unexplained massive score increase

Remedios — Sat, 09 Jan 2021 23:41:51 GMT

@SouthJamaica isn't that how UFS works...we start with something we don't understand or cannot explain ourselves ...

Re: Unexplained massive score increase

Anonymous — Sat, 09 Jan 2021 23:46:58 GMT

Rookie mistake on my part for sure. I just looked back on my old credit reports from when I started my credit repair journey in 2018.

Experian collection accounts are set to expire in 4/21 and TransUnion in 1/21 so I should be due for significant jumps on the other two soon! Next goal- 800's!!

Re: Unexplained massive score increase

Anonymous — Mon, 22 Mar 2021 05:25:57 GMT

Any Updates to the other two reporting, OP?

Re: Unexplained massive score increase

Anonymous — Mon, 22 Mar 2021 05:36:07 GMT

My other two scores followed! Early February then early March. I'm now sitting just under 800 on all three!

Re: Unexplained massive score increase

Anonymous — Mon, 22 Mar 2021 05:41:11 GMT

Congratulations! Great to hear!