topic Re: Charge off deleted from CA's, scores down 13 points? in Rebuilding Your Credit

Charge off deleted from CA's, scores down 13 points?

mowglidude — Wed, 27 Jan 2016 22:08:01 GMT

I recently had a charge off age off on Experian and my score dropped 13 points. Nothing else has changed. UTI is 1% etc.. What gives?

Re: Charge off deleted from CA's, scores down 13 points?

RobertEG — Wed, 27 Jan 2016 22:14:10 GMT

Something else other than removal of the CO from payment history scoring has changed, or the score would not have dropped.

If the OC accunt was deleted, perhaps its loss reduced your average age of accounts?

Re: Charge off deleted from CA's, scores down 13 points?

mowglidude — Thu, 28 Jan 2016 22:12:12 GMT

@RobertEG wrote:
Something else other than removal of the CO from payment history scoring has changed, or the score would not have dropped.
If the OC accunt was deleted, perhaps its loss reduced your average age of accounts?

Yes, by 6 months, that's all. I read something of rebucketing? Dont knw whar to think, or if my scores will rebound. Nothing else has changed on my CR.

Re: Charge off deleted from CA's, scores down 13 points?

Anonymous — Thu, 28 Jan 2016 22:51:55 GMT

@mowglidude wrote:
@RobertEG wrote:
Something else other than removal of the CO from payment history scoring has changed, or the score would not have dropped.
If the OC accunt was deleted, perhaps its loss reduced your average age of accounts?
Yes, by 6 months, that's all. I read something of rebucketing? Dont knw whar to think, or if my scores will rebound. Nothing else has changed on my CR.

"6 months" tells us nothing - What was AoAA before, and what is it now?

Re: Charge off deleted from CA's, scores down 13 points?

mowglidude — Thu, 28 Jan 2016 23:25:58 GMT

@Anonymous wrote:
@mowglidude wrote:
@RobertEG wrote:
Something else other than removal of the CO from payment history scoring has changed, or the score would not have dropped.
If the OC accunt was deleted, perhaps its loss reduced your average age of accounts?
Yes, by 6 months, that's all. I read something of rebucketing? Dont knw whar to think, or if my scores will rebound. Nothing else has changed on my CR.
"6 months" tells us nothing - What was AoAA before, and what is it now?

AAoA went from 6.3 years to 5.7 years.

Re: Charge off deleted from CA's, scores down 13 points?

Anonymous — Fri, 29 Jan 2016 00:01:03 GMT

@mowglidude wrote:
@Anonymous wrote:
@mowglidude wrote:
@RobertEG wrote:
Something else other than removal of the CO from payment history scoring has changed, or the score would not have dropped.
If the OC accunt was deleted, perhaps its loss reduced your average age of accounts?
Yes, by 6 months, that's all. I read something of rebucketing? Dont knw whar to think, or if my scores will rebound. Nothing else has changed on my CR.
"6 months" tells us nothing - What was AoAA before, and what is it now?
AAoA went from 6.3 years to 5.7 years.

I would surmise that 6 years is a signifigant milestone to FICO's scoring algorithm. You should see those lost points return in 3-4 months when you grow past 6 years AAoA again.