topic Re: Paid credit card off/No change in Score...WHY? in Rebuilding Your Credit

Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 13:33:29 GMT

I paid a credit card off, and it has updated but no score change? I have also had collections removed. Will my score update soon or will is there really no change in score. According to the stimulator it was supposed to increase as I paid down debt.

Your score has not changed since 3/24/2015

Details

CompanyKAY JEWELERS

Utilization Percentage
93% 0%

Balance Amount
$691.00 $0.00

Re: Paid credit card off/No change in Score...WHY?

Anonymous — Wed, 25 Mar 2015 14:24:34 GMT

A more complete picture of your total situation would be helpful.

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 14:49:34 GMT

Kay Jewelers	8/2013	$0	Current account/was 30 days past due date
Navy Federal Cr Union	6/2013	$881	Current account/was 30 days past due date
Navy Federal Cr Union	6/2013	$873	This is an account in good standing	No
Navy Federal Cr Union	6/2013	$672	This is an account in good standing	No
Capital Bank	5/2013	$162	Unpaid balance reported as a loss by credit grantor
Transco Emp Fed Cr Un	3/2009	Not Reported	Paid account/was 30 days past due date two or three times
Bk Of Amer	2/2009	$0	Current account/was delinquent 60 days past due date
Transtar Fed Credit Un	11/2010	$336	Unpaid balance reported as a loss by credit grantor
Transtar Fed Credit Un	4/2010	Not Reported	Paid account/was delinquent 60 days past due date
Ada Employees Cu	7/2010	Not Reported	Account paid satisfactorily	No
Navient	8/2007	$6,512	Current account/was delinquent 150 days past due date
Navient	9/2004	$4,576	Current account/was delinquent 150 days past due date
Navient	8/2007	$4,096	Current account/was delinquent 150 days past due date
Dept Of Ed/Navient	10/2009	$3,820	This is an account in good standing	No
Navient	9/2004	$3,101	Current account/was delinquent 150 days past due date
Dept Of Ed/Navient	9/2010	$3,094	This is an account in good standing	No
Dept Of Ed/Navient	8/2008	$3,041	Current account/was delinquent 120 days past due date
Navient	8/2005	$2,167	Current account/was delinquent 150 days past due date
Dept Of Ed/Navient	8/2008	$1,999	Current account/was delinquent 120 days past due date
Dept Of Ed/Navient	9/2010	$1,878	This is an account in good standing	No
Navient	8/2005	$1,551	Current account/was delinquent 150 days past due date
Dept Of Ed/Navient	9/2008	$1,513	Current account/was delinquent 120 days past due date
Dept Of Education/Neln	10/2009	Not Reported	Account transferred to another office	No
Acs/Bank Of America	10/2009	Not Reported	Account transferred to another office	No
Slm Financial Corp	9/2008	Not Reported	Account transferred to another office	No
Slm Financial Corp	8/2008	Not Reported	Account transferred to another office	No
Slm Financial Corp	8/2008	Not Reported	Account transferred to another office	No
Centerpoint Energy Ent	10/2006	$149	Unpaid balance reported as a loss by credit grantor
Esb/Harley Davidson Cr	9/2014	$17,836	This is an account in good standing	No
Houston Hwy Cu	9/2013	$4,893	This is an account in good standing	No
Esb/Harley Davidson Cr	5/2014	Not Reported	Account paid satisfactorily	No
Houston Hwy Cu	2/2011	Not Reported	Account paid satisfactorily	No
Houston Hwy Cu	3/2011	Not Reported	Account paid satisfactorily	No

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 15:02:32 GMT

Collection Accounts:

Ars Account Resolution

$64

May 25, 2014

Acs Primary Care Phys Sw Pa

Individual

Commonwealth Financial

$932

Jan 17, 2014

Individual

Centurion Iv Llc

$310

Oct 14, 2014

Methodist

XXXXXX

Individual

Conserve

$867

Jun 16, 2011

Univ Of Ar Pr 1-5

XXXXXXX

Individual

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 15:10:10 GMT

I also paid off my all three of my Navy Federal Credit Cards & and the Captial Bank Charge off balance of $162.00 But it has not updated on the report yet....

This is everything Norman....please let me know what you feel my course of action should be. I have been sending out letters, and trying my best to clear things up.

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 15:40:27 GMT

I have previously had all of the late payments for my school loans removed, because I was in school. However, since the conversion the late payments have re-appeared. I was told that I would need to re-submitt the documents along with my credit report to have them removed AGAIIIIN super Frustrated........

Re: Paid credit card off/No change in Score...WHY?

Anonymous — Wed, 25 Mar 2015 15:51:31 GMT

@creditstalker wrote:
Kay Jewelers

8/2013
$0
Current account/was 30 days past due date

Navy Federal Cr Union

6/2013
$881
Current account/was 30 days past due date

Navy Federal Cr Union

6/2013
$873
This is an account in good standing
No

Navy Federal Cr Union

6/2013
$672
This is an account in good standing
No

Capital Bank

5/2013
$162
Unpaid balance reported as a loss by credit grantor

Transco Emp Fed Cr Un

3/2009
Not Reported
Paid account/was 30 days past due date two or three times

Bk Of Amer

2/2009
$0
Current account/was delinquent 60 days past due date

Transtar Fed Credit Un

11/2010
$336
Unpaid balance reported as a loss by credit grantor

Transtar Fed Credit Un

4/2010
Not Reported
Paid account/was delinquent 60 days past due date

Ada Employees Cu

7/2010
Not Reported
Account paid satisfactorily
No

Navient

8/2007
$6,512
Current account/was delinquent 150 days past due date

Navient

9/2004
$4,576
Current account/was delinquent 150 days past due date

Navient

8/2007
$4,096
Current account/was delinquent 150 days past due date

Dept Of Ed/Navient

10/2009
$3,820
This is an account in good standing
No

Navient

9/2004
$3,101
Current account/was delinquent 150 days past due date

Dept Of Ed/Navient

9/2010
$3,094
This is an account in good standing
No

Dept Of Ed/Navient

8/2008
$3,041
Current account/was delinquent 120 days past due date

Navient

8/2005
$2,167
Current account/was delinquent 150 days past due date

Dept Of Ed/Navient

8/2008
$1,999
Current account/was delinquent 120 days past due date

Dept Of Ed/Navient

9/2010
$1,878
This is an account in good standing
No

Navient

8/2005
$1,551
Current account/was delinquent 150 days past due date

Dept Of Ed/Navient

9/2008
$1,513
Current account/was delinquent 120 days past due date

Dept Of Education/Neln

10/2009
Not Reported
Account transferred to another office
No

Acs/Bank Of America

10/2009
Not Reported
Account transferred to another office
No

Slm Financial Corp

9/2008
Not Reported
Account transferred to another office
No

Slm Financial Corp

8/2008
Not Reported
Account transferred to another office
No

Slm Financial Corp

8/2008
Not Reported
Account transferred to another office
No

Centerpoint Energy Ent

10/2006
$149
Unpaid balance reported as a loss by credit grantor

Esb/Harley Davidson Cr

9/2014
$17,836
This is an account in good standing
No

Houston Hwy Cu

9/2013
$4,893
This is an account in good standing
No

Esb/Harley Davidson Cr

5/2014
Not Reported
Account paid satisfactorily
No

Houston Hwy Cu

2/2011
Not Reported
Account paid satisfactorily
No

Houston Hwy Cu

3/2011
Not Reported
Account paid satisfactorily
No

If any of the above items are over 80% of the cards limit, that may be the reason for no change. Also the Transco Emp Credit Union item is skewing your UTI% if it was a revolving account, so UTI% is never going to be ideal until you get that down to zero.

See what your scores do once the rest report zero balances.

Re: Paid credit card off/No change in Score...WHY?

Anonymous — Wed, 25 Mar 2015 15:53:16 GMT

You have baddies that are bringing you down. If they are reporting monthly they are going to wipe out any gain from paying something else off.

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 17:24:41 GMT

I just paid off the follwing cards:

I'm currently dealing with Navient regarding the late payments that is currently reporting late payments. I previously had them removed but since the conversion they resurfaced. I just faxed them my in school deferment letter from the school, and all late payments will be removed.

@Anonymous wrote:
You have baddies that are bringing you down. If they are reporting monthly they are going to wipe out any gain from paying something else off.

Navy Federal Cr Union	6/2013	$881	Current account/was 30 days past due date
Navy Federal Cr Union	6/2013	$873	This is an account in good standing	No
Navy Federal Cr Union	6/2013	$672	This is an account in good standing	No
Capital Bank	5/2013	$162	Unpaid balance reported as a loss by credit grantor

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 18:25:50 GMT

I just paid off Transtar Federal Credit Union today....They were reporting 336.00 plus fees which totaled to 508.69........I'm happy I took care of this!!

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 18:30:17 GMT

Kay Jewelers	8/2013	$0	Current account/was 30 days past due date
Navy Federal Cr Union	6/2013	$881	Current account/was 30 days past due date
Navy Federal Cr Union	6/2013	$873	This is an account in good standing	No
Navy Federal Cr Union	6/2013	$672	This is an account in good standing	No
Capital Bank	5/2013	$162	Unpaid balance reported as a loss by credit grantor
Transco Emp Fed Cr Un	3/2009	Not Reported	Paid account/was 30 days past due date two or three times
Bk Of Amer	2/2009	$0	Current account/was delinquent 60 days past due date
Transtar Fed Credit Un	11/2010	$336	Unpaid balance reported as a loss by credit grantor

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 18:32:03 GMT

All the revolving accounts are Paid Off.....Just paid off Transtar.

Re: Paid credit card off/No change in Score...WHY?

Anonymous — Wed, 25 Mar 2015 18:37:57 GMT

Now let the one with the highest credit limit report a balance of between 1-9% of its limit. The exact amount for peak score will vary somewhat but that will get you in the range within a few points

Re: Paid credit card off/No change in Score...WHY?

Anonymous — Wed, 25 Mar 2015 18:38:22 GMT

Now you have to get those 90+ lates GW'ed off. The 30-60 day lates don't have much of an effect after 2 years but the older ones kill your score until they fall off.

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 19:38:07 GMT

@Rising_Scores

I just faxed Navient my in school deferment letter so that they can remove ALL od the 120 and 150 late payments. I also just paid off a collection for 373.00 / original amount was 932.00- they are deleting it completly from my account.

I'm trying my best to do the right thing.

Re: Paid credit card off/No change in Score...WHY?

creditstalker — Wed, 25 Mar 2015 20:04:16 GMT

Thanks you BOTH!!!!