topic Re: UPDATED Last Collection deletion data in Rebuilding Your Credit

UPDATED Last Collection deletion data

House2021 — Mon, 24 May 2021 01:56:16 GMT

I wanted to share my results for others needing data, my last collection was deleted (4 at once), it resulted in a mortgage score increase of 10 points for Experian and fico 8 increase of 9 points (kind of disappointing @actually) I'm awaiting results from the others. I do have charge offs/lates from 5 years ago plus one auto charge off

UPDATE: I was looking at the wrong numbers, I looked at Equifax not Experian. Anyways, my Experian Fico 8 did go up 8 points, and it wasn't just 10 points for the mortgage score, it was 24 points from 651 to 675, but that was the 4 collections being deleted and a charge off updating to $0/settled from an $8k balance (76 percent to 51 percent utilization)

my Transunion just updated - Fico 8 went up 17 points 653 to 670 (that's with just the collections deleted) I won't be able to check my mortgage scores til next month. I'm finally in the good credit category for first time in over 5 years!
UPDATE Equifax finally updated it updated at the same time as one charge off change PFD from $3000 to $0, the result from the charge off paid and all remaining collections deleted was an increase of only 6 mortgage points (663 to 669) but my Fico 8went from 611 to 644, so a great gain of 33 points (too bad my mortgage ficos didn't do that)

Re: Last Collection deletion data

pizza1 — Sat, 15 May 2021 01:05:54 GMT

Congrats on the collections getting deleted, but unfortunately, those CO's and lates will still weight your scores down until they fall off. They will follow the DOFD rule..

Re: Last Collection deletion data

House2021 — Mon, 24 May 2021 01:57:33 GMT

I posted my update above, only 6 mortgage points added to my Equifax, but my Equifax Fico 8 went up 33, this co-occurred with one of theee charge offs reporting $0 balance

Re: UPDATED Last Collection deletion data

mycreditscoreisfair — Mon, 24 May 2021 02:38:35 GMT

Congrats on the increases. When my last collection was removed my score went down 10 points. I was hoping for a increase since a lot of people seem to receive large increases when that happens. But, I also have 4 charge offs from mid 2019 and other lates.

Re: UPDATED Last Collection deletion data

babygirl1256 — Mon, 24 May 2021 05:23:23 GMT

@House2021 Congrats on the deletion of the collection data. How were you successful with Equifax deleting anything? Did you speak with their overseas staff? I have one negative trade line from Bank of America totaling $429.00 that was paid in 6/2019. The negative item on my Equifax report is scheduled to drop-off in 12/2022 . . . My TransUnion and Experian reports are 100% clean.

Re: UPDATED Last Collection deletion data

House2021 — Mon, 24 May 2021 05:53:38 GMT

No, I didn't get the collections deleted by talking to the credit bureaus, Portfolio Recovery deletes if you pay them.

Re: UPDATED Last Collection deletion data

babygirl1256 — Mon, 24 May 2021 20:04:53 GMT

@House2021 Thanks so much . . . my negative item was never sent to collections. It was majority my fault as I should have never cosigned for a friend to get a credit card for rental car usage. I didn't find out that they defaulted until it was already on my credit report and I paid it in full. Bank of America has repeatedly stated they don't do goodwill adjustments. The adverse item is reflected as paid with $0.00 balance. Lesson learned for sure . . . I am very grateful that TU and EX both deleted the line item and my files with them are not "dirty" . . . Thanks for posting!!!