So apparently I was able to remove a huge collection from Verizon Wireless. The balance was $3300 and t's from 2019 so It would have stayed a long time on my credit thanks, God. I don't know how credit scores are generated but my assumption was that collection will result in almost 70 point increase because not only it was a huge balance but it was also a relatively new collection. Also, they were reporting monthly basis. Now while Transunion deleted this account they also deleted my 11 years positive store credit card from Walmart. it was an old account so they removed both that account and the collection at the same time.
Interestingly my score went down by one point! I was expecting at least 50 points or more increase but I got 1 points reduction.I'm wondering what happen?
Removing good standing old account and new collection should not cancel each other out especially when I have other 13 years old accounts on my credit so can someone help me here? I also checked both fico and vantage scores so 1 point decrees on TransUnion
I did a comparison line by line, I put the two reports side by side and I will in fact attach it here so you could see it yourself, the only difference between the two reports is that the last report doesn't have the only collection that I had and also they removed one old closed I account from 11 years ago which should not impact my credit at all because I have other old accounts.
@KCC100 wrote:I just checked credit Karma and myfico and even though One old card the collection are gone but the AAoA hasn't been changed. Still 8yrs 9 months.
Credit karma doesn't calculate AAoA like Fico. VantageScore doesn't count closed cards. On top of that, the monitoring websites only go back 4 years vs 7.
Do you have other derogatories? You don't get a huge jump unless all of them are gone and you have a completely clean report.
