topic Re: Had collections deleted/removed, but no score change in Understanding FICO® Scoring

Had collections deleted/removed, but no score change

Darius1976 — Fri, 26 Jul 2013 22:40:32 GMT

FICO Team,

I had 4 collections removed from my credit report. FICO noted the deletions as they no longer appear on any of the FICO reports. Granted they were old collections (2 were 6 years, and 2 were almost 6.5 years). Even if they were old collection accounts, shouldn't my score received some kind of increase? The collections are not showing up at all and no score increase from either credit agencies. Do agencies remove items, and then update score later on in the month or does the change happen as soon as the item is removed? Thank you so much in advance!

Re: Had collections deleted/removed, but no score change

pizzadude — Fri, 26 Jul 2013 23:59:54 GMT

What are the other negatives on your reports ? If there are other collections then it's possible your score won't move much.

Re: Had collections deleted/removed, but no score change

Darius1976 — Sat, 27 Jul 2013 02:54:20 GMT

The other two negatives are one 30 late payment on First Premier Credit Card 4 years ago, and a 60 day late payment on another First premier Credir card 5 years ago.

Re: Had collections deleted/removed, but no score change

Anonymous — Sat, 27 Jul 2013 03:42:45 GMT

If those minor lates are the only other negatives, no charge offs, etc, I would think your score would have gone up at least a few points.

How is your utilization and AAoA?

Re: Had collections deleted/removed, but no score change

Darius1976 — Sat, 27 Jul 2013 04:02:51 GMT

My AAoA did drop a lot when the collections were deleted. i guess in a strange way they were helping age my accounts since they were so old. So when the collections came off, it lowered my AAoA.. So maybe the removal and less AAoA balanced out...

My CC utilization is under %10 for all cards.

Re: Had collections deleted/removed, but no score change

Anonymous — Sat, 27 Jul 2013 04:30:15 GMT

Collections are not factored into your AAoA. Only OC accounts.

Re: Had collections deleted/removed, but no score change

Shogun — Sat, 27 Jul 2013 04:31:47 GMT

First off, agencies don't supply the scores, unless you're speaking of buying a FAKO from the CRAs. FICO scores what is on your report when it is pulled, it has no memory of what used to be on there.

Anyway.... You only have minor derogs that are old and not affecting your Score really anymore. You may have lost some AAoA, you might have been rebucketed.

In any case, you have a much cleaner CR with those gone, and that's what I like to see. Do you have any CCs currently? You need to have at least a couple revolving accounts, and then get in the garden and watch those scores grow!

Re: Had collections deleted/removed, but no score change

Anonymous — Sat, 27 Jul 2013 04:34:35 GMT

Yep, I would bet you have been rebucketed.

Re: Had collections deleted/removed, but no score change

Darius1976 — Sat, 27 Jul 2013 04:44:32 GMT

If i was 'rebucketed', how does losing the collection accounts make it a negative? Is it because the removal of the OC's affected my score more than the collections because it reaged of AAoA? When the collections fell off, so did two OC's which made my AAoA shorter..

Re: Had collections deleted/removed, but no score change

Anonymous — Sun, 28 Jul 2013 16:08:52 GMT

If you lost 2 OC accounts that would impact your AAoA.

The collections being deleted would normally have helped but when you are rebucketed you are put in a bucket with no collections and others with similar credit profiles and higher scores. You are now compared to others that will typically have higher scores than you. The benefit of the new bucket is that your scores will normalize with the others more quickly.

Re: Had collections deleted/removed, but no score change

Darius1976 — Sun, 28 Jul 2013 08:01:58 GMT

How long on average will it normalize?

Re: Had collections deleted/removed, but no score change

Anonymous — Sun, 28 Jul 2013 16:09:12 GMT

Not sure about that one.

Re: Had collections deleted/removed, but no score change

CreditGuy03 — Fri, 27 Jun 2014 22:52:11 GMT

@Darius1976 wrote:
How long on average will it normalize?

DId you ever normalize? If so how long did it take