topic Re: FICO score jump in Understanding FICO® Scoring

FICO score jump

Anonymous — Fri, 12 Jun 2009 13:58:45 GMT

Just recently got a medical collection paid and removed from my TU report. Before the collection was removed my TU was 605, afterwards it jumped to 677. I am pleasantly surprised, but also perturbed that a teeny weeny $76 emergency room bill that I was never informed or contacted about could cause such havoc to one's scores. Now if I could get my EQ score headed in the same direction as TU I'd be a happy camper.

Re: FICO score jump

Anonymous — Wed, 17 Jun 2009 16:19:11 GMT

How long did it take for your score to jump? I also just got a $75 med bill removed.

Re: FICO score jump

happy0510 — Wed, 17 Jun 2009 18:29:39 GMT

Me too...mine was $35. Got it removed 2 weeks ago.

Re: FICO score jump

JoeBJay20 — Wed, 17 Jun 2009 21:53:48 GMT

@Anonymous wrote:
Just recently got a medical collection paid and removed from my TU report. Before the collection was removed my TU was 605, afterwards it jumped to 677. I am pleasantly surprised, but also perturbed that a teeny weeny $76 emergency room bill that I was never informed or contacted about could cause such havoc to one's scores. Now if I could get my EQ score headed in the same direction as TU I'd be a happy camper.

As has been mentioned on here before, it's not the size of the delinquency that hurts, it's the fact that it was delinquent. Remember that FICO is designed to assess the likelyhood that you will pay your debts on time, irrespective of the size of the debt. A jump of that magnitude usually only happens when a final delinquency or collection account comes off the report, or if other changes happened simultaneously with the collection being removed, like a large drop in utilization.

For the other posters, any change in your score by a certain event, such as a collection falling off your reports, happens the instant the event occurs. You may not get an immediate alert from SW or a similar product, but your score change occurs when the event occurs, good or bad.

Re: FICO score jump

Anonymous — Thu, 18 Jun 2009 00:59:25 GMT

Did you guys go through the Hippa process. Or did you just pay the OC, and then contact the CRA?

Re: FICO score jump

happy0510 — Thu, 18 Jun 2009 15:20:55 GMT

Hi Mrs. Q,

Well, I got lucky. Mine was unpaid. I took a chance and called and told them I don't know anything about it and they said "ok, will cancel it". That was it! And it was gone within a week! Wow....that was pretty amazing. My only collection as well!

Re: FICO score jump

Anonymous — Sat, 20 Jun 2009 13:57:30 GMT

I had a collection removed from my Tu and it jumped almost 80 points. Just the mere presence of a collection was killing my score. Same thing with EX, I got a 60 pt jump and the collection was 1 month from dropping off anyway, but it has been deleted and added back for years.

Re: FICO score jump

makeynik — Mon, 22 Jun 2009 13:14:58 GMT

Well, ya'll are lucky. My most important score here in the midwest is my TU and I cannot get it to budge after a recent late with a local utitlity. I just pfd a big medical ($2500), expected a big jump, got nadda...I am glad that it is off in the long run, and they gearing up for garnishment, but I could've used that money elsewhere this past month. : (