https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4034755#M209321 <P>Real reason....FICO08.&nbsp; Prior to that paying a CA hurt your score (made it new).</P> Wed, 27 May 2015 18:37:24 GMT Momof5 2015-05-27T18:37:24Z https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4027414#M209122 <P>I have a question, why is there a consenses that when you pay off charge offs and derogatory accounts it does not change your score, but the simulator says if you pay them off it will raise your score?&nbsp; Mine says 70 points.</P> Sun, 24 May 2015 04:00:21 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4027414#M209122 LoveGoodCredit 2015-05-24T04:00:21Z https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4027438#M209123 <BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/599102">@LoveGoodCredit</a> wrote:<BR /><P>I have a question, why is there a consenses that when you pay off charge offs and derogatory accounts it does not change your score, but the simulator says if you pay them off it will raise your score?&nbsp; Mine says 70 points.</P><HR /></BLOCKQUOTE><P>With a CO that is updating on a regular basis the only way to gain points from paying it off is if its being factored into your utilization, other wise there is no score change at first but as it stops updating and ages then your score starts to rise. With CA if its updating regularly there wont be score change but will stop updating like the CO and overtime you gain points. With a PR it doesnt matter if its paid or unpaid (Judgment/Tax Lien) its the fact that it happened.</P> Sun, 24 May 2015 04:19:05 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4027438#M209123 gdale6 2015-05-24T04:19:05Z https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4027441#M209124 <P>Thank you</P> Sun, 24 May 2015 04:23:55 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4027441#M209124 LoveGoodCredit 2015-05-24T04:23:55Z https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4034755#M209321 <P>Real reason....FICO08.&nbsp; Prior to that paying a CA hurt your score (made it new).</P> Wed, 27 May 2015 18:37:24 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4034755#M209321 Momof5 2015-05-27T18:37:24Z https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4036302#M209378 <BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/23864">@Momof5</a> wrote:<BR /><P>Real reason....FICO08.&nbsp; Prior to that paying a CA hurt your score (made it new).</P><HR /></BLOCKQUOTE><P>Think you mean FICO 9, which I don't think the simulator is tuned for but I could be mistaken on that.</P> Thu, 28 May 2015 04:44:35 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/My-fico-simulator/m-p/4036302#M209378 Revelate 2015-05-28T04:44:35Z