topic Paid Medical Collection removed in General Credit Topics

Paid Medical Collection removed

2B770 — Fri, 01 Jul 2022 20:34:24 GMT

Looks like the removal of all paid medical collections has started. I only had one collection (it was paid) on my file .. and it was removed today.

Experian +46 points

TransUn +45 points

Equifax +52 points

That single collection was holding me below 700. Now I'm at 732-ex | 725-tu | 739-eq. I am finally among the 700 club! In fact, I'm in the 720+ club. How about that! Finally. This has been my goal since July 2018. I had this collection and a lot of late mtg payments (total 33) holding me back. Now I'm at no collections, low utilization, and 27 late payments on mtg (last late was 4 years ago)

Re: Paid Medical Collection removed

Ceewin — Wed, 29 Jun 2022 16:07:19 GMT

@2B770 wrote:
Looks like the removal of all paid medical collections has started. I only had one collection (it was paid) on my file .. and it was removed today. My score jumped 46 points. Wow. That single collection was holding me below 700. Now I'm at 732. I am finally among the 700 club!

@2B770 Woohoo! That's awesome! 46 points! Great!!

Was it removed from all three CB's?

Re: Paid Medical Collection removed

2B770 — Wed, 29 Jun 2022 16:36:32 GMT

No...

a. Removed from Experian on 6/25 (reported by MyFico, saw 46point Fico score increase).

b. Removed from Equifax on 6/28 (reported by Credit Karma, saw 11 point vantage score increase)

c. NOT removed from Transunion yet

Re: Paid Medical Collection removed

Mr_Mojo_Risin — Thu, 30 Jun 2022 17:49:31 GMT

@2B770 wrote:
Looks like the removal of all paid medical collections has started. I only had one collection (it was paid) on my file .. and it was removed today. My score jumped 46 points. Wow. That single collection was holding me below 700. Now I'm at 732. I am finally among the 700 club!

Thats super cool news! I logged in to see if anyone received an alert about this.

I received an alert about a paid med collection being removed from TU.

I have 3 pretty small paid med collections so hopefully the other 2 vanish as well.

Congrats on the removal and score increase!

Re: Paid Medical Collection removed

2B770 — Thu, 30 Jun 2022 20:43:51 GMT

I logged in today and my Equifax just dropped my paid medical collection; my score went up 50 points. TransUnion hasn't done anything yet.

So to recap Experian 46points. Equifax 50 points. Nothing on TU yet

Re: Paid Medical Collection removed

nwa479 — Thu, 30 Jun 2022 21:01:54 GMT

I had a paid medical collection removed from all three CBs in the last couple of days. Will be curious to see what happens to the rest of my scores. My Fico 9,10 may not be affected since I don't believe they count paid collections.

Scores for Fico 8 changed as follows

EQ - Up 58 - 740 to 798

TU - Up 27 - 699 to 726

EX - Up 33 - 695 to 728

Re: Paid Medical Collection removed

ambivalent — Thu, 30 Jun 2022 21:38:22 GMT

Congrats!!!!!!

Someone should start a new thread with all of these removals for data purposes!

I received an alert today that TU removed mine and I gained 4 points. On CK, my TU (FAKO I know) dropped 52 points

The other 2 bureaus removed them a few days ago, but I got no alert on those and no updated score. I pulled on Experian's site and my EX8 went up 7 points to 642.

I do have two collections remaining - one medical, currently under dispute because I paid it, and one other paid that will remain for awhile.

Congrats to everyone with the great score increases! I can't wait to see how other's scores increase!

Re: Paid Medical Collection removed

nwa479 — Fri, 01 Jul 2022 01:41:35 GMT

@ambivalent Per your suggestion, I started a new thread under the Understanding Fico scoring section.

Re: Paid Medical Collection removed

2B770 — Fri, 01 Jul 2022 03:00:08 GMT

All of my scores are in. I only had one collection...which happened to be a paid medical collection. My scores all jumped 40+

a) Experian jumped 46

b) TransUnion jumped 45

c) Equifax jumped 51

So now I have zero collections. My utilization was already 12%. I'm pretty happy. I've had a personal goal of 720 credit score across the board and now I'm at Ex-732 | TU-725 | Eq-739. Hopefully I'll reach 740 across the board soon.

Re: Paid Medical Collection removed

Stone1982 — Tue, 06 Sep 2022 13:15:09 GMT

How old was this collection account?

Re: Paid Medical Collection removed

Stone1982 — Tue, 06 Sep 2022 13:40:03 GMT

@2B770 How old was the medical collection?

Re: Paid Medical Collection removed

SouthJamaica — Tue, 06 Sep 2022 14:42:37 GMT

@2B770 wrote:
Looks like the removal of all paid medical collections has started. I only had one collection (it was paid) on my file .. and it was removed today.
Experian +46 points
TransUn +45 points
Equifax +52 points

That single collection was holding me below 700. Now I'm at 732-ex | 725-tu | 739-eq. I am finally among the 700 club! In fact, I'm in the 720+ club. How about that! Finally. This has been my goal since July 2018. I had this collection and a lot of late mtg payments (total 33) holding me back. Now I'm at no collections, low utilization, and 27 late payments on mtg (last late was 4 years ago)

Congratulations. It makes a lot of sense.