topic Re: All collections removed. Guess increase? in Understanding FICO® Scoring

All collections removed. Guess increase?

blb2397 — Sat, 21 Aug 2021 08:32:54 GMT

Ok so I have seen this asked before and I know it's hard to predict, but so are football teams success and many do it anyway

So a guess is fine.

All fico scores sit around 700.

I had 3 PRA collections without the original credit line reporting as the only derogatories on reports but payment just cleared.

Am I looking at any significant bump.

I was hoping that leaving me with zero negatives would make the increase more prominent but that's just a guess.

Jets Prediction 5-11

Re: All collections removed. Guess increase?

FireMedic1 — Sat, 21 Aug 2021 09:33:50 GMT

Congrats. It depends how old they are. Not knowing your full profile. Score now is 700. 55 pts. Just throwing it out there. Good Luck!

Re: All collections removed. Guess increase?

Red1Blue — Sat, 21 Aug 2021 10:27:15 GMT

Congrats for getting the negatives removed. Good luck with your score increase.

Re: All collections removed. Guess increase?

Anonymous — Sat, 21 Aug 2021 12:43:08 GMT

Also depends on how well positioned the rest of your profile is. If you want an estimate that factors your profile use the simulator and just age past when those would fall off based on the dates appearing on your reports.

Re: All collections removed. Guess increase?

SouthJamaica — Sat, 21 Aug 2021 13:43:32 GMT

@blb2397 wrote:
Ok so I have seen this asked before and I know it's hard to predict, but so are football teams success and many do it anyway
So a guess is fine.
All fico scores sit around 700.
I had 3 PRA collections without the original credit line reporting as the only derogatories on reports but payment just cleared.
Am I looking at any significant bump.
I was hoping that leaving me with zero negatives would make the increase more prominent but that's just a guess.

Jets Prediction 5-11

I don't understand. Did you say that the payments just cleared? How do you know the collections will be removed from your reports?

Re: All collections removed. Guess increase?

bobnathan0295 — Sun, 29 Aug 2021 20:38:24 GMT

@Anonymous wrote:
Also depends on how well positioned the rest of your profile is. If you want an estimate that factors your profile use the simulator and just age past when those would fall off based on the dates appearing on your reports.

that is a good idea

Re: All collections removed. Guess increase?

FireMedic1 — Mon, 30 Aug 2021 10:54:04 GMT

@blb2397

Were patiently waiting to see what happend if PRA removed them. Update please?

Re: All collections removed. Guess increase?

blb2397 — Mon, 30 Aug 2021 11:32:07 GMT

Payments cleared then showed as paid collection a couple of days later. PRA will delete paid collection tradeline within 30 days even if settled for less. That are actually good for it. I don't think I've heard of anyone not having it deleted.

Re: All collections removed. Guess increase?

blb2397 — Mon, 30 Aug 2021 11:38:05 GMT

Still waiting for the deletes. I will update.

Interesting though, Vantage scores jumped to the 760's while FICO still at 700.

All reporting as paid collections currently.

Does this possibly mean that Vantage ignores paid collections while FICO doesn't?

Thanks

Re: All collections removed. Guess increase?

Remedios — Mon, 30 Aug 2021 12:11:21 GMT

@blb2397 wrote:
Still waiting for the deletes. I will update.
Interesting though, Vantage scores jumped to the 760's while FICO still at 700.
All reporting as paid collections currently.
Does this possibly mean that Vantage ignores paid collections while FICO doesn't?
Thanks

Yes.

Re: All collections removed. Guess increase?

SoonerSoldier33 — Mon, 30 Aug 2021 21:27:42 GMT

Just went through this myself with PRA. Similar situation as you, but with just one CA with PRA and no OC reporting. VantageScore 3.0 jumped when the CA was reported closed with a $0 balance, as VS ignores paid CAs. Upon the CA being deleted, FICO 8 jumped +37 on EX, and +36 on TU. Good luck.

Re: All collections removed. Guess increase?

blb2397 — Thu, 09 Sep 2021 12:02:40 GMT

Huge Jumps !

Ex 698 -> 784

EQ 704 -> 791

TU 706 -> 801

Thanks all

Re: All collections removed. Guess increase?

FireMedic1 — Thu, 09 Sep 2021 22:34:12 GMT

Congrats! Been patiently waiting to see what it did in your favor. Sweet! Hit it out of the ballpark. Dont let history repeats itself. Your in good shape now. Enjoy!

Re: All collections removed. Guess increase?

Anonymous — Wed, 22 Sep 2021 00:23:47 GMT

@blb2397 wrote:
Ok so I have seen this asked before and I know it's hard to predict, but so are football teams success and many do it anyway
So a guess is fine.
All fico scores sit around 700.
I had 3 PRA collections without the original credit line reporting as the only derogatories on reports but payment just cleared.
Am I looking at any significant bump.
I was hoping that leaving me with zero negatives would make the increase more prominent but that's just a guess.

Jets Prediction 5-11

Just curious.

How were you able to get the collections removed?

Re: All collections removed. Guess increase?

SoonerSoldier33 — Wed, 22 Sep 2021 00:33:37 GMT

Just curious.

How were you able to get the collections removed?

Portfolio Recovery Associates (PRA) does Pay-For-Delete (PFD) as their standard practice. You pay/settle a debt with them, and they remove their tradeline from your reports approximately 30 days later. If only all collection agencies were so easy to get a PFD from.