topic Re: Negative removal nets decreased credit score in General Credit Topics

Negative removal nets decreased credit score

Tiersha — Wed, 08 Mar 2023 02:40:10 GMT

How come when negative credit is removed, it decreases the score? I had 3 months of late payments on 2 cards back in 2018. They have been dropping off. That being said, why does my score go down each time something drops off? These are my only negative marks.

Re: Negative removal nets decreased credit score

FireMedic1 — Wed, 08 Mar 2023 10:57:04 GMT

If the older ones are dropping off. The remaining ones are newer to FICO.

Re: Negative removal nets decreased credit score

Tiersha — Wed, 08 Mar 2023 12:52:15 GMT

Well hell would April hurry up then. I have 1 30 day late left And if it drops like the rest then April will be it.

Re: Negative removal nets decreased credit score

donkort — Wed, 08 Mar 2023 14:38:22 GMT

If you have one 30-day late, and it's the only derogatory item, and it drops off, you will experience an increase in your FICO score.

Re: Negative removal nets decreased credit score

SouthJamaica — Wed, 08 Mar 2023 17:15:10 GMT

@Tiersha wrote:
How come when negative credit is removed, it decreases the score? I had 3 months of late payments on 2 cards back in 2018. They have been dropping off. That being said, why does my score go down each time something drops off? These are my only negative marks.

The removal of negative items does not decrease your score.

Re: Negative removal nets decreased credit score

Tiersha — Wed, 08 Mar 2023 17:21:14 GMT

Oh but it does. No activity other than a charge off being removed...bam lower score. Every negative thing that has ever dropped off my credit report has resulted in a lower score...every single one.

This happens every time before credit balances are reported from my lenders...indicating that is the only activity. This has been this way for awhile. I am down to 1 left out of late payments, the charge off was a few yrs ago now. You cannot convince me that something else was going on as I see the activity and these are very defined period of time of the month when these happen, when there is no activity. I can also show the messages from myfico where it states, oops neagtive removed and score decreased, all in one message.

Re: Negative removal nets decreased credit score

SouthJamaica — Wed, 08 Mar 2023 19:11:36 GMT

@Tiersha wrote:
Oh but it does. No activity other than a charge off being removed...bam lower score. Every negative thing that has ever dropped off my credit report has resulted in a lower score...every single one.

This happens every time before credit balances are reported from my lenders...indicating that is the only activity. This has been this way for awhile. I am down to 1 left out of late payments, the charge off was a few yrs ago now. You cannot convince me that something else was going on as I see the activity and these are very defined period of time of the month when these happen, when there is no activity. I can also show the messages from myfico where it states, oops neagtive removed and score decreased, all in one message.

MyFICO alerts don't provide reasons for a score change. There are certain events which trigger MyFICO alerts. If there happens to be any difference between your present score at that particular bureau and the previous score reported to you from that bureau, the score change is tacked on to the alert. There is not necessarily any connection at all between the score change and the alert substance.

MyFICO explains this as follows:

Why did my score go up when I got an alert for something negative (or why did my score go down when I got an alert for something positive)?

The short answer: Your FICO® Score may change because of other events not monitored by an alert.

Whenever we send you a credit alert, we also send an updated FICO Score. To ensure you get the most current score, we calculate it based on your entire credit report at that point in time—not just the new information on the alert. This means your new score may reflect other changes that are outside of the things we watch for (see everything we monitor).

Sometimes you may see your score increase when you think it should’ve decreased, and vice-versa, but you’ll always have your most up-to-date and accurate score.
https://support.myfico.com/hc/en-us/articles/360038084633

Re: Negative removal nets decreased credit score

Tiersha — Wed, 08 Mar 2023 19:29:29 GMT

Thanks...this makes a little sense, still doesn't explain a drop during a non reporting time of lenders/cc but oh well. There is also this that I have found.

Due to inconsistencies, maybe a revamp of this system should take place. The credit game is so overly complicated.

Why did my credit score drop after collection account removed?

The most common reasons credit scores drop after paying off debt are a decrease in the average age of your accounts, a change in the types of credit you have, or an increase in your overall utilization. It's important to note, however, that credit score drops from paying off debt are usually temporary.

Re: Negative removal nets decreased credit score

Thomas_Thumb — Wed, 08 Mar 2023 20:16:15 GMT

@Tiersha wrote:
Well hell would April hurry up then. I have 1 30 day late left And if it drops like the rest then April will be it.

When the last 30 day late falls off, you are likely to see a 20 to 30 point gain. Are the lates dropping off 2 years early on all CRAs?

Re: Negative removal nets decreased credit score

donkort — Wed, 08 Mar 2023 23:22:55 GMT

If you also reduce your overall utilization to below 30%, below 9%, below 3%, your score will rise even more dramatically.

Re: Negative removal nets decreased credit score

TRC_WA — Thu, 09 Mar 2023 21:00:36 GMT

@SouthJamaica wrote:
The removal of negative items does not decrease your score.

@SouthJamaica

That's what I used to think until it happened to me last week.

I had 2 of my derog accounts from my Ch 13 removed and my score went down.

What's even funnier is the fact that TU has but one derog acct remaining along with my PR... while EQ and EX have more baddies due to the fact I haven't been given EE yet... and TU is my lowest score.

I'm at the point of not caring anymore. I'll be rid of all this dead weight by the end of the year so whatever.

Re: Negative removal nets decreased credit score

Tiersha — Fri, 10 Mar 2023 15:25:43 GMT

They are dropping off at a 3-4 yr period.

Re: Negative removal nets decreased credit score

Tiersha — Fri, 10 Mar 2023 15:28:06 GMT

Yeah, that I do know. I ran out of cash on trying to finish up this house but I'm so close so have increased cc use.

Seriously considering cash out refi to pay off everything as even with the higher interest rate for mtg I'd still pay less on a monthly 15 yr than I do now on a 30 yr with my cc.

Re: Negative removal nets decreased credit score

Speed21 — Mon, 30 Dec 2024 23:20:05 GMT

Well it did to my score -14 point's today.

Re: Negative removal nets decreased credit score

Tiersha — Mon, 30 Dec 2024 23:28:56 GMT

Yep...peopple can claim all they want that removing negative doesn't net a negative...the whole cs is scammy.

Re: Negative removal nets decreased credit score

GZG — Mon, 30 Dec 2024 23:45:05 GMT

@SouthJamaica wrote:
@Tiersha wrote:
How come when negative credit is removed, it decreases the score? I had 3 months of late payments on 2 cards back in 2018. They have been dropping off. That being said, why does my score go down each time something drops off? These are my only negative marks.
The removal of negative items does not decrease your score.

on a dirty profile it's not completely unreasonable, IMO, for a person to lose more points from age of that account being lost than points they gain back from a marginal/infinitesimal gain to their payment history

not that they have evidence that this is what happened here

like losing 2 years AAoA (-15 points) but going from 10 lates to 9 lates (+5 points) or something

Re: Negative removal nets decreased credit score

FicoMike0 — Tue, 31 Dec 2024 02:53:47 GMT

I could see a drop if the late dropped off along with the associated tradeline, decreasing AAoA or AoOA.

Re: Negative removal nets decreased credit score

Realist — Tue, 31 Dec 2024 12:15:27 GMT

We assume to know how the credit algorithms work, and make assumptions from this. From six hard inquiries, to negative remarks falling off, and everything in between, we all assume we know a pattern based upon past usage and shared stories.

Your score bounces around all the time even if you do nothing else at all. Your score shows what I see as a margin of error in change, and any time a big change occurs, it creates some uncertainty. I've watch my score bounce within a range for doing nothing at all, and shoot up or down for the strangest things. Score may fluxuate, but it ultimately will only be temporary. Depending upon certain situations, like paid in full, depending on the weight of the debt extinquished, your score may acutally rise.

I recently pulled six hard inquiries, acquired all my welcome offers resulting in some nice success, but started to get auto denied after that harder line in the sand. What happened to my score? It shot up to 820. Sometimes it does the strangest things.