https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244626#M21966 <DIV>The old account was apparently a collection, since you said it was a chargeoff.&nbsp; The account behind the collection may have updated its derog dates from the payment date of the collection, thus making the derogs count more.&nbsp; Just a guess, but paying off a collection does not eliminate the account history upon which it was based.&nbsp; I would suggest that you go back and look at what the account behind the payoff is now showing.</DIV> Thu, 22 May 2008 04:46:07 GMT RobertEG 2008-05-22T04:46:07Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244250#M21911 I paid off an old account and my score dropped from 589 to 559! They changed the balance from $602 to $0 and changed the status from Charge Off to Paid Charge Off. This was the only change to my report and ScoreWatch reported that the score change was a direct result of that account change. Can anyone help me understand this? Thank you in advance! Wed, 21 May 2008 20:27:03 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244250#M21911 Anonymous 2008-05-21T20:27:03Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244257#M21913 PS. I should add that the creditor reported to TU and EX but EQ originally did not change. I used the online dispute to get them to update the status. Could this be why?<BR />They emailed me to say that the dispute was resolved in my favor and that they changed the status per the creditor.<BR /><BR />AAARRRRGGGGHHH! Wed, 21 May 2008 20:38:32 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244257#M21913 Anonymous 2008-05-21T20:38:32Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244470#M21937 <DIV>I would pull that FICO report to look for other changes. Recently I got a SW alert for 20 plus points. It said it was due to an increase in CC balances. Nooooooooo, CC balances increasing didn't cause the increase, but rather a baddie that dropped off that SW didn't see. SW doesn't catch everything.</DIV> Thu, 22 May 2008 00:54:19 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244470#M21937 llecs 2008-05-22T00:54:19Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244626#M21966 <DIV>The old account was apparently a collection, since you said it was a chargeoff.&nbsp; The account behind the collection may have updated its derog dates from the payment date of the collection, thus making the derogs count more.&nbsp; Just a guess, but paying off a collection does not eliminate the account history upon which it was based.&nbsp; I would suggest that you go back and look at what the account behind the payoff is now showing.</DIV> Thu, 22 May 2008 04:46:07 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244626#M21966 RobertEG 2008-05-22T04:46:07Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244683#M21975 No it was not a collection. It was the original account from the original creditor. Does that make a difference? Thu, 22 May 2008 11:57:09 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244683#M21975 Anonymous 2008-05-22T11:57:09Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244684#M21976 And I pulled a new EQ and that was definitely the only change from last month! ???<BR /><BR />I have one more collection that I will be paying off today (NCO so no PFD) <img id="smileysad" class="emoticon emoticon-smileysad" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-sad.gif" alt="Smiley Sad" title="Smiley Sad" /> and a LARGE judgment that I will be paying off next week and then all of my baddies will be taken care of.<BR /><BR />If the trend continues, I will have a 400 by the time I finish paying off these accounts. <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /> Thu, 22 May 2008 12:01:19 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/My-Score-Dropped-30-Points/m-p/244684#M21976 Anonymous 2008-05-22T12:01:19Z